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Personnel


The following table shows the development of personnel expenses and average number of employees of the parent company and the group for the years 2003 and 2004:

Parent company 2003 2004
In thousand euros In thousand euros
Employees’ salaries and benefits 23.452,57 26.276,09
Social security contributions 1.453,40 1.613,74
Total 24.905,97 27.889,82
Average number of employed personnel 802 830


Group 2003 2004
In thousand euros In thousand euros
Employees’ salaries and benefits 54.222,15 26.853,40
Social security contributions 7.130,46 7.491,68
Total 61.352,61 64.345,09
Employment termination remunerations 321,82 1.300,71
Average number of employed personnel 2.333 2.391
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