4. General administrative expenses
€ million |
2018/191 |
2019/20 |
||
---|---|---|---|---|
Personnel expenses |
424 |
469 |
||
Cost of material |
387 |
362 |
||
|
811 |
831 |
||
|
The increase in personnel expenses within general administrative expenses is mainly due to higher restructuring expenses for restructuring measures.
The decline in cost of material is primarily related to lower consultancy costs and travel expenses. It is offset by the increased amortisation of intangible assets.