Page 89 - InterEnergo - Annual Report 2020

Interenergo Accounting report Interenergo Accounting report

Revenue from commission services are recognized on a net basis, in the amount of the commission to which it The costs of professional services increased in 2020 mainly because of advisory services in connection with
is entitled on the basis of a contract in which the Company acts as a commission agent who performs electricity new investments (2020: EUR 363,038, 2019: EUR 144,334). The costs of audit services amounted in the reporting
trading in its name for the client’s account. As the Company does not bear the risk of losses that must be period to EUR 23,550 (2019: EUR 16,900), whereof EUR 21,550 (2019: EUR 14,900) refers to auditing of the
settled by the client based on the contract, the Company acts as an agent in this contract. annual report and EUR 2,000 (2019: € 2,000) to other assurance-related services. KPMG did not perform any
non-audit services for the Company.
Revenue from the sale of other services include energy services, trading services and engineering services.

2.4.17 Cost of goods sold and cost of material 2.4.19 Personnel costs

in EUR 2020 2019
in EUR 2020 2019
Personnel costs -2,414,520 -4,306,620
Purchase cost of goods sold and material used -448,688,524 -682,607,737
Salaries -1,791,152 -3,801,088
Purchase cost of goods sold -448,479,230 -682,274,599
Pension and social insurance costs -447,375 -355,926
Costs of material used -209,293 -132,051
Other personnel costs -175,993 -149,606
Effects of standardized futures contracts 0 -201,088

As at 31 December 2020, the Company recorded 44 full-time employees (2019: 37), who in terms of full working
Costs of goods, which include the electricity purchases, cross-border transmission capacities and trading costs,
have declined by 34% over the previous period. The aforesaid is primarily due to the fact that the Company time equal 43.875 employees. Relative to 2019, the personnel costs declined due to lower variable remuneration
transferred part of its electricity trading from the physical market to the financial market, where it trades in of employees, which depends on the Company’s business results. The Company formed no provisions for jubilee
standardized futures contracts on the EEX, and revenue and expenses thereunder are shown in Company’s premiums and retirement benefits, as the amount is insignificant in view of the number and age of employees.
financial statements at netted amount. The Company is run by two Managing Directors and two holders of procuration. Remuneration of management
members, which includes gross salaries, other work-related remuneration, bonuses and premiums for voluntary
Costs of material used comprise costs of energy systems, costs of fuel, of energy used, office stationary and
professional literature, and write-off of small tools. supplementary pension insurance, amounted to EUR 198,389 in 2020 (2019: EUR 264,782). Remuneration
of other employees employed under contracts for which the tariff part of the collective agreement does not
apply, amounted to EUR 1,004,650 (2019: EUR 570,421). In 2020 and 2019, no remuneration was paid to the
2.4.18 Cost of services members of the Supervisory Board.

Educational structure of staff
in EUR 2020 2019
Costs of services -2,271,012 -2,090,486
No. of employees* Average no. of employees *
Consultancy services -785,703 -583,473
31 Dec 2020 31 Dec 2019 2020 2019
Costs of maintenance -320,088 -252,795
Secondary school education (level V) 3 1 2 1
Bank fees -241,644 -238,937
1st level university education (level VI.1, VI.2) 20 17 18.5 14
Rents -219,879 -213,559
2nd level university education (level VII.) 18.875 17 17.938 17
Costs of student work -164,741 -135,647
Master's degree (level VIII.1) 1 2 1.5 2.5
Insurance costs -126,929 -138,561
Ph.D. (level VIII.2) 1 0 0.5 0
Marketing costs -75,920 -169,115
Total 43.875 37 40.438 34.5
Reimbursement of work-related costs to employees -35,102 -91,291
Other costs of services -301,005 -267,106 * Full time equivalent.

86 Integrated Annual Report 2020 Integrated Annual Report 2020 87