4. General administrative expenses

€ million

 

2016/17

 

2017/18

Personnel expenses

 

440

 

424

Cost of material

 

497

 

444

 

 

937

 

868

The reduction of personnel expenses within general administrative expenses results mainly from lower variable payments in the Others segment.

The reduction in cost of material is mainly connected to demerger-related expenses in the .

Previous year
Period of 12 months, usually cited as reference for statements in an annual report.
Glossary