10 PARENT COMPANY ANNUAL ACCOUNTS
NOTE 1 - REVENUE VISMA AS
2015
(NOK 1,000)T
Management service fee invoiced to group companies*
84 717
Invoiced marketing/branding expenses to group companies**
26 000
Total
110 717
*The company has chosen to centralize certain management activities in order to provide them at a lower cost and at higher quality compared to what each of the companies would be able to achieve on a separate basis. Central activities are strategic business development, finance and treasury, organizing of audit, legal activities. **All companies in the Visma Group are obliged to use the Visma brand and logo. Thus all marketing activities performed by business units are to be done according to the Visma brand code. The companies pay a fee to the marketing department.
NOTE 2 - PAYROLL AND PERSONNEL EXPENSES VISMA AS
2015
2014
38 735
41 179
Salaries to employees other group units*
8 965
8 010
Employer's national insurance contributions
5 036
4 954
(NOK 1,000)
Salaries
Pension expenses Other personnel expenses Total Average number of man-years
504
575
1 045
1 160
54 285
55 878
11
11
For further information regarding compensation of key management, loans to employees and pensions, see note 3 and 16 in the consolidated accounts. *invoiced salary expenses regarding group management and management trainees hired in other group units.
NOTE 3 - OTHER OPERATING EXPENSES VISMA AS
(NOK 1,000)
Rent Other office expenses Telecom, postage and IT Travel expenses Car expenses incl leasing Sales and marketing Audit, lawyers' fees and other consulting services Total other operating expenses
94
2015
2014
11 992
6 050
8 964
8 623
197
219
1 041
1 014
465
861
1 137
843
4 938
5 605
28 735
23 217