The impact on the statement of income of the Group's non-recurring events and transactions has resulted in net expenses of Euro 22,523 thousand in 2009, of which Euro 15,744 thousand relate to the Group’s current reorganization plan, involving targeted actions in terms of production sources, supply chain efficiency and cost containment. These net non-recurring expenses are detailed as follows:
|
(thousands of Euro)
|
|
2009
|
2008
|
|
Other expenses and income
|
|
|
|
|
- non-recurring other expenses/(income)
|
|
|
|
|
- impairment of property, plant and equipment and intangible assets
|
|
20,907
|
6,344
|
|
- store early closure expenses
|
|
1,149
|
924
|
|
- indemnity for early termination of lease
|
|
-
|
3,516
|
|
- compensation for early termination of a lease in 2008
|
(3.255)
|
(3,255)
|
|
- other reorganization costs
|
|
3,637
|
-
|
|
- redundancy incentives
|
|
6,445
|
518
|
|
- reversal of impairment of property, plant and equipment and intangible assets
|
|
-
|
(6,549)
|
|
- net gains on disposals of property, plant and equipment and intangible assets
|
|
(6,360)
|
(5,381)
|
|
Total non-recurring expenses/(income)
|
|
22,523
|
(628)
|