|
EUR 000 |
2022/2023 |
2021/2022 |
|
Other employee expenses |
39,346 |
35,292 |
|
Travelling and representation expenses |
20,481 |
14,344 |
|
Housing expenses |
8,779 |
7,905 |
|
Office and IT expenses |
16,808 |
17,438 |
|
(Reversal of) impairment on trade receivables |
189 |
181 |
|
Other expenses |
61,594 |
31,680 |
|
147,197 |
106,840 |
Other employee expenses increased as a result of higher training costs and costs related to secondments of personnel.
Travel and representation expenses increased as a result of higher car lease expenses and increased travel compared to 2021/2022, which year was still impacted by COVID-19. Housing expenses increased due to higher rent (inflation) and catering costs. Office and IT expenses decreased due to less cost of IT supplies compared 2021/2022 when there was a larger demand for IT home office related supplies.
Other expenses included in Other expenses mainly relate to contributions to KPMG International, insurance expenses, legal expenses, AFM fees, expenses for legal proceedings and research and development costs. Expenses for legal proceedings include the PCAOB Settlement and related costs relating to the answer sharing investigation, and are net of reimbursement where appropriate.
An amount of EUR 8.7 million is recognized in the other expenses (employee expenses and IT expenses) related to research and development costs (2021/2022: EUR 7.8 million).