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