COSTS FOR SERVICES

 

This item can be broken down as follows:

 

(in thousands of euro)

2010

2009

Administrative, fiscal, legal and corporate governance consulting fees

6,656

9,223

Services provided by the parent company  COFIDE S.p.A.

1,238

1,495

Services provided by the subsidiary Dry S.p.A.

325

310

Directors’ and Statutory Auditors’ fees

1,673

1,721

Other expenses

1,855

2,022

Total

11,747

14,771

 

“Costs for services” declined from the previous year by an amount of approximately € 3 million as a result of lower expense for legal consulting.