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4. General administrative expenses

€ million

2020/21

2021/22

Personnel expenses

467

568

Cost of material

408

396

 

875

964

The increase in personnel expenses within administrative expenses is mainly attributable to higher wages and salaries, variable payments and personnel-related restructuring expenses.

Apart from that, the personnel expenses in this financial year include the one-time expense from the buy-out of the pension obligations in the United Kingdom.

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