Notes to the parent company's income statement
(EUR 1 000)
1. Other operating income, total
2017 2016
Rental income - -
Other operating income 17 861 15 589
Gain on disposal of non-current assets 15 -
Other operating income, total 17 876 15 589
Employees, average 125 106
2. Staff costs
2017 2016
Salaries and fees -10 355 -10 273
Pension expenses -1 851 -1 664
Other social expenses -1 486 -438
Staff costs -13 692 -12 375
Managing directors and their deputies 807 1 979
Members of the Board of Directors 353 316
Management salaries, fees and benefits 1 160 2 295
3. Depreciation and impairment
2017 2016
Depreciation according to plan on non-current assets and goodwill -879 -441
Total depreciation and impairment -879 -441
4. Other operating expenses
2017 2016
Rents/leases -1 431 -1 380
Losses on disposal of fixed assets, tangible assets total -103 -
Losses on disposal of non-current assets -103 0
Audit fees, ordinary audit -134 -224
Audit fees, other expert services -17 -385
Audit fees -151 -609
Non-statutory staff costs -2 026 -2 166
Energy -92 -93
Maintenance -35 -39
Advertising, marketing and entertainment costs -1 358 -985
Service, information management and office costs -14 966 -9 523
Other expenses -2 853 -3 072
Total other operating expenses -23 015 -17 867
5. Financial income and expenses
2017 2016
Financial income
Dividends from Group companies 6 170 16 145
Dividends from participating interests - 8
Income from units 6 170 16 153
Interest income from Group companies 14 660 14 994
Interest income from participating interests 3 3
Interest income from others 88 20
Interest income from other non-current financial assets 14 751 15 017
Other financial income from others 3 613 4 062
Other financial income 3 613 4 062
Total financial income 24 534 35 232
Financial expenses
Interest expenses payable to Group companies - -1
Interest expenses payable to others -8 285 -8 283
Total other interest and financial expenses -8 285 -8 284
Unrealised losses on fair value assessment 1 021 -1 696
Impairment in holdings in Group companies -24 950 -
Other financial expense from Group companies -30 000 -
Other financial expense from others -10 223 -5 374
Other financial expense -65 173 -5 374
Total financial expenses -72 437 -15 354
Financial income and expenses, total -47 903 19 878
An impairment amounting to EUR 25 million has been recorded to the Danish subsidiary, so that balance sheet value corresponds recoverable amounts in the future.
Other financial expense from Group companies amounting to EUR 30 million in year 2017 is debt forgiveness to Danish subsidiary to strengthen subsidiary’s balance sheet.
6. Appropriations
2017 2016
Increase (-) or decrease (+) in depreciation difference 116 44
Group contribution income - 27 000
Total appropriations 116 27 044
7. Direct taxes
2017 2016
Tax for previous financial periods - -
Change in deferred tax liabilities and assets 3 808 -3 154
Other direct taxes -32 -30
Income tax on ordinary operations 3 776 -3 184