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Financial Annual Report
4. Other expenses within the EUR The increase of these costs is mainly due to a higher contribution of ERIM, the hiring of staff from SSC HR&F (formerly wages costs) and a higher mandatory payment for the University Library. In 2010, 28% of these expenses comprised payments to ERIM. Accommodation expenses paid by ESE make up 9% of these expenses, the use of other central services and facilities make up 26%, the contribution to the University Library is 8% and costs from other Schools make up 29% of the other expenses within the EUR. As far as accommodation is concerned, it should be noted that ESE is housed in a building owned by the EUR. ESE only pays accommodation expenses if it uses more than the standard floor area.
5. Other expenses within the EUR Holding These are mostly the expenses of hiring staff from the affiliated private limited companies for teaching purposes at ESE.
6. Other external expenses About 40% of these expenses in 2010 were expenses of the Tinbergen Institute, i.e. teaching expenses for MPhil- and PhD-students, as well as expenses relating to (and for facilitating) research activities. In addition, 6% of the expenses were IT expenses, 4% for office equipment, 19% for business travel expenses, conference fees and representational expenses, 10% for outsourced activities such as printing and typesetting and legal advice and 21% for other office and general expenses. The increase of other external expenses is mainly the result of a rise in expenses for the Tinbergen Institute. Tangible fixed assets ESE adopts the rule that only investments in fixed assets with an acquisition price of more than kâ‚Ź 12are capitalised and written off over their economic life. The first depreciation is made in the year of purchase. The depreciation period depends on the type of equipment and varies from 3 to 25 years.
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