Total staff

STAFF COSTS

Staff costs ( ) 4

Other direct or indirect costs are to be expensed .'

Regarding powers , various types of activities foreseen for the ESFS have been considered in terms of generating extra operational costs apart from the general staff costs .

No staff costs were capitalised in 2005 .

The direct costs of modifying this interface to enable the processing of SEPA instruments might be high .

Salaries , allowances , staff insurance and other miscellaneous costs of Euros 133.4 million ( 2005 Euros 127.4 million ) are included under this heading .

and ( iv ) a reduction in staff costs and the number of staff .

Comprising 133,2 million euro of direct salary costs and 12,7 million euro of indirect human resources costs , such as recruitment and removal allowances .

The workers have been helped with accommodation and language classes, and avoiding incurring the direct costs of racial discrimination financial, reduced employee moral and commitment, and cost to the image of the organisation resulting from adverse publicity

On the other hand , it has been judged that many of the ESFS activities are not linked with extra operational costs and are fully reflected in the general staff costs .

ANNEX 2 Applied methodology and main underlying assumptions for the financial model of the Authority The cost of setting up the European Banking Authority has been estimated according to three cost categories the staff costs , the infrastructure costs and the operations costs , in line with the general cost classification used in accounts of the existing EU regulatory agencies .

SDD start date SDD launch event .

Regarding powers , various types of activities foreseen for the ESFS have been considered in terms of generating extra operational costs apart from the general staff costs . It has been possible to attribute such costs to a number of

ANNEX 2 Applied methodology and main underlying assumptions for the financial model of the Authority The cost of setting up the European Insurance and Occupational Pensions Authority has been estimated according to three cost categories the staff costs , the infrastructure costs and the operations costs , in line with the general cost classification used in accounts of the existing EU regulatory agencies .

ANNEX 2 Applied methodology and main underlying assumptions for the financial model of the Authority The cost of setting up the European Securities and Markets Authority has been estimated according to three cost categories the staff costs , the infrastructure costs and the operations costs , in line with the general cost classification used in accounts of the existing EU regulatory agencies .

Several EU banks have thus embarked on major restructuring programmes aimed at cutting costs ( including staff costs ) , streamlining the organisation and refocusing on the core business .

Other direct or indirect costs are to be expensed Capitalisation of expenditure limit based ( below EUR 10 000 excluding VAT no capitalisation ) 11.3 .

Expenses Staff costs Other administrative expenses ( including initialisation costs of Depreciation of tangible assets Total expenses 3.388.001 14.692.575 6.862.916 )

Other direct or indirect costs are to be expensed Capitalisation of expenditure limit based ( below EUR 10 000 excluding VAT no capitalisation )

Other direct or indirect costs are to be expensed Capitalisation of expenditure limit based ( below EUR 10 000 excluding VAT no capitalisation )

Direct taxes 1A .

This will create a level playing field for SDD and legacy direct debit schemes , and will facilitate migration towards SDD .

NET EXPENSE FROM FEES AND COMMISSIONS 2009 Euros 2008 Euros 588,052 ( 737,059 ) ( 149,007 ) Change Euros 91,364 41,633 132,997

On top of that come the more considerable costs of the commercial samples that are thrown to the crowd and the cost of accommodating the drivers and the staff frequently students who throw them.

Payment service providers which will be active in the direct debit domain are expected to offer SDD .

This company shall also achieve higher productivity levels, through staff restructuring and reducing the costs of external services.

As regards costs , companies have faced one off costs ( such as IT investment and staff training ) that might be passed on to customers in order to maintain profit margins .

Other direct or indirect costs are to be expensed Capitalisation of expenditure limit based ( below EUR 10 000 excluding VAT no capitalisation ) 11.3 .

This decrease in staff costs was , however , partially offset by the effect of an increase in staff numbers on total salaries .

One potential obstacle to the subsequent take up of the SDD is the dissatisfaction of end users in major direct debit markets with the current service level and security of the SDD .

Direct taxes 1A .

The core SDD model In the new SDD scheme , the debtor will give the mandate directly to the creditor .

Full adherence to the SDD Rulebook by SCT banks currently offering direct debits at national level .

Staff costs are mainly awarded for administrative tasks, e.g. organisation, administration, provision of language courses by consortium members.

Staff costs of Euros 1.0 million incurred in connection with the construction of the new ECB premises have been capitalised and are excluded from this item .

Article 5 Direct participants 1 .

the SDD launch

SDD migration

SDD multilateral interbank arrangements ( MBP , MIF , etc .) Interim proposal ( with the definition of a deadline ) on the methodology of the multilateral interbank arrangement for crossborder direct debits .

Opportunity cost is one way to measure the cost of something.

Alternatively, the firm can invest in skills training and build a more productive workforce with greater loyalty and hence lower turnover costs.

SDD e mandate

9 is equal to direct taxes 1A .