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financial statements 2011
31
9. Other operating expenses
eur 1000
2011
2010
Royalties and order commissions
-1 822
-2 073
Rents
-3 821
-3 039
Other business premises expenses
-2 331
-3 042
Logistics and transport costs
-2 761
-2 827
IT and data communications
-2 516
-2 470
Marketing & representation
-1 132
-1 217
Other operating expenses
-6 561
-6 284
Total
-20 944
-20 952
Auditor’s fees
eur 1000
2011
2010
Audit
-151
-143
Certificates and reports
-2
-3
Tax consultation
-28
-32
Other services
-60
-13
Total auditor’s fees
-241
-191
10. Research and development expenditure
eur 677,000 (731,000) of research and development expenditure was recognized as an expense in the income
statement in 2011.
11. Financial income
eur 1000
2011
2010
Dividend income from available-for-sale financial assets
6
3
Changes in value of financial assets recognized at fair value through profit or loss
- Interest rate derivatives, hedge accounting not applied
45
0
Interest income on bank balances (loans and other receivables)
133
133
Total
184
136
12. Financial expenses
eur 1000
2011
2010
Items recognized at fair value
Items recognized through profit or loss Interest expenses on financial
liabilities measured at amortized cost
-748
-672
Exchange rate losses on financial liabilities measured at amortized cost
-2
-89
Changes in value of financial assets recognized at fair value through profit or loss
- Interest rate derivatives, hedge accounting not applied
-75
-67
Interest expenses on finance leases
-52
-117
Other financial expenses
-14
-115
Total
-891
-1 059