Corporate expenses

The corporate expenses, excluding the area nursing and residential care homes, comprise the following:

  2009 2008
  EUR m EUR m
Personnel expenses 21.7 24.4
General and administration expenses 12.9 14.5
  34.6 38.9

The corporate expenses in 2009 account for residential property management in the amount of EUR 18.6 million, for the area disposals in the amount of EUR 4.1 million, and for the holding in the amount of EUR 11.9 million. The costs per unit in the residential property management amount to EUR 376.

In the course of the restructuring and integration of the whole Group, we were able to realise savings of EUR 16.0 million in personnel and general and administration expenses over the years from 2007 to 2009.

Personnel and General and Administration Expenses
Personnel and General and Administration Expenses (Bar chart)

My Annual Report

Savings of EUR 16.0 million Corporate expenses