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Notes to the income statement
Note 2. Other operating income
€ million 2015 2014
Gains on sales of real estate and shares 57.7 0.0
Rent income 99.5 113.0
Others 0.7 0.7
Total 158.0 113.6
Note 3. Average number of personnel
2015 2014
Kesko Corporation 180 171
Total 180 171
Note 4. Employee benefit expense
€ million 2015 2014
Wages and salaries -17.8 -15.9
Social security costs
Pension costs -2.6 -1.8
Other social security costs -0.8 -0.8
Total -21.2 -18.4
Salaries and fees to the management
€ million 2015 2014
Managing Director 1.0 1.3
Members of the Board of Directors 0.4 0.4
Total 1.4 1.6
An analysis of the management's salaries and fees is included in the notes to the consolidated financial statements.
Note 5. Depreciation, amortisation and impairment
€ million 2015 2014
Depreciation according to plan -16.4 -19.0
Impairment, non-current assets -4.8 -0.1
Total -21.2 -19.1
Note 6. Other operating expenses
€ million 2015 2014
Rent expenses -51.4 -55.8
Marketing expenses -3.7 -1.7
Maintenance of real estate and store sites -5.6 -6.3
Telecommunication expenses -24.4 -18.6
Other operating expenses -121.6 -9.4
Total -206.7 -91.8
The other operating expenses include a €107.6 million loss on the divestment of Anttila.
Auditors' fees
€ million 2015 2014
PricewaterhouseCoopers, Authorised Public Accountants
Audit 0.3 0.2
Tax consultation 0.1 0.1
Other services 0.4 0.1
Total 0.8 0.4
Note 7. Finance income and costs
€ million 2015 2014
Income from long-term investments
Dividend income from subsidiaries 3.8 0.1
Gains on disposal of shares - 0.1
Income from long-term investments, total 3.8 0.2
Other interest and finance income
From subsidiaries 15.0 13.9
From others 18.6 48.7
Interest and finance income, total 33.6 62.6
Impairment of investments held as non-current assets
Impairment of shares -26.5 -21.4
Impairment of other investments -1.1 -77.7
Impairment of investments held as non-current assets, total -27.6 -99.1
Interest and other finance costs
To subsidiaries -2.7 -3.3
To others -27.6 -49.5
Interest and finance costs, total -30.3 -52.8
Total -20.5 -89.2
Note 8. Items included in extraordinary income and expenses
€ million 2015 2014
Group contributions received 306.0 234.0
Group contributions paid -16.4 -121.5
Total 289.6 112.5
Note 9. Appropriations
€ million 2015 2014
Difference between depreciation according to plan and depreciation in taxation 15.5 2.8
Total 15.5 2.8
Note 10. Changes in provisions
€ million 2015 2014
Other changes 0.7 0.1
Total 0.7 0.1
Note 11. Income taxes
€ million 2015 2014
Income taxes on extraordinary items -57.9 -22.5
Income taxes on ordinary activities -16.8 -5.5
Total -74.7 -28.0
Deferred taxes
Deferred tax assets and liabilities have not been recorded on the balance sheet. The deferred tax liability on accumulated appropriations is €11.4 million. The amount of other deferred tax liabilities or assets is not material.