KPMG Integrated report 2021/2022

8 Employee benefits expenses

In line with 2020/2021 KPMG has further increased the various components of salaries and other employee benefits (mainly fixed and variable pay and additional one-time payments) during 2022 in reflection of the firm's higher profits. Read more over 8 Employee benefits expenses

9 Other expenses

Other employee expenses increased as a result of higher recruitment, entertainment and study costs, which reflects the increase in activities following the relaxation of Covid-19 measures. Read more over 9 Other expenses

10 Finance income

11 Finance expenses

12 Income taxes

Under management agreements, all earnings of KPMG N.V. are distributed to the partners, through Coöperatie KPMG U.A., who pay tax on these earnings. Read more over 12 Income taxes

13 Fees payable to Coöperatie KPMG U.A.

The management fee payable to the partners, through Coöperatie KPMG U.A., is remuneration for professional services performed and entrepreneurial risk. Read more over 13 Fees payable to Coöperatie KPMG U.A.

14 Intangible assets and goodwill

Software mainly relates to back-office systems. The remaining period of amortization as at 30 September 2022 is two to eight years (30 September 2021: two to eight years). Read more over 14 Intangible assets and goodwill

15 Property, plant and equipment

Property, plant and equipment, with the exception of assets under construction, are subject to a first pledge in favor of Coöperatie KPMG U.A. as security for loans advanced. Read more over 15 Property, plant and equipment

16 Other financial assets

Information about the Group’s exposure to credit and market risks, and fair value measurement, is included in Note 25 Financial instruments and associated risks. Read more over 16 Other financial assets

17 Receivables

The recoverable amounts of trade receivables are estimated every quarter. Read more over 17 Receivables