Note 11 Operating expenses

Download Excel

Group 2020 2019
Inventories, raw materials and consumables 3,174.5 2,028.3
Employee benefits expense 664.0 580.8
Depreciation and amortisation 274.2 233.3
Impairment of inventories 26.4 5.1
Impairment of account receivable 15.2 -3.0
Other operating expenses 471.1 470.7
Total 4,625.4 3,315.2
Parent Company 2020 2019
Employee benefits expense 42.0 32.8
Depreciation and amortisation 0.2 0.1
Other operating expenses 18.4 16.5
Total 60.6 49.4

Accounting principle 

Cost of goods sold includes expenses for finished goods i.e. cost for production and sourced products, warranty, warehousing and transportation and exchange-rate changes on payables and receivables and the effects from currency hedging. Selling expenses include expenses for brand communication, sales driving communication and costs for sales and marketing staff. Selling expenses also include the cost for impairment of trade receivables. Administration expenses include expenses for general management, controlling, human resources, shared service and IT expenses related to the named functions.