4. General administrative expenses

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.

• Supplementary information on the buy-out of the pension obligations can be found in no. 32 – provisions for post-employment benefits plans and similar obligations.