Personnel costs
Wages, social-security contributions and other staff-related expenses for the year.
This line covers salaries, social insurance contributions and other amounts paid to employees. It is not a headcount — one well-paid director can cost as much as a dozen ordinary posts.
The ratio to operating revenue shows how labour-intensive the business is. Service companies usually sit higher than traders.
Where this figure comes from
Profit and loss statement, personnel costs.
Related terms