|
EUR 000 |
2023/2024 |
2022/2023 |
|
Other employee expenses |
38,065 |
39,346 |
|
Traveling and representation expenses |
23,874 |
20,481 |
|
Housing expenses |
8,838 |
8,779 |
|
Office and IT expenses |
17,381 |
16,808 |
|
Impairment on trade receivables |
1,401 |
189 |
|
Other expenses |
51,164 |
61,594 |
|
140,723 |
147,197 |
Other employee expenses decreased as a result of lower support personnel required for software development activities.
Travel and representation expenses increased as a result of higher car lease expenses. Housing expenses are in line with 2022/2023. Office and IT expenses increased slightly.
Other expenses included in other expenses mainly relate to contributions to KPMG International, insurance expenses, AFM fees, expenses for legal proceedings and research and development costs. In 2022/2023, other expenses include the PCAOB Settlement. The decrease in expenses for legal proceedings in 2023/2024 was partially offset by increased contributions to KPMG International.
An amount of EUR 8.2 million is recognized in the other expenses (employee expenses and IT expenses) related to research and development costs (2022/2023: EUR 8.7 million).