4 Administrative expenses
The administrative expenses of €7,336 million (previous year: €7,197 million) mainly include nonstaff overheads and personnel costs, as well as depreciation and amortization applicable to the administrative function.
Annual Report 2016
New beginning
The administrative expenses of €7,336 million (previous year: €7,197 million) mainly include nonstaff overheads and personnel costs, as well as depreciation and amortization applicable to the administrative function.