Page 26 - Annual_Report_2016

4 Financial Performance aia.gr

Operating Expenses

Operating expenses for 2016 amounted to € and (iii) the increase in indirect taxes paid by the
134.8 million, € 24.2 million higher than 2015. This Airport Company also recorded in other operating
variance is driven by (i) the increase in impairment expenses amounting to €6.2 million. Other than the
losses in relation to the fair value measurement of extraordinary and additional contractual cost items,
Airport Company’s available-for-sale financial assets operating expenses were kept at low levels despite
amounting to €8.1million, (ii) the significant increase significant business growth, demonstrating the
(contractual) as of mid 2016 of the fee that the company’s commitment to cost efficiency.
Airport Company pays to the Greek State for the
rights and privileges granted (Grant of Rights Fee), The 2016 operating expenses breakdown and
the variable element of which is recorded in other comparison against 2015 can be seen in Charts
operating expenses and amounts to €7.6 million below.

2016 Operating Expenses Structure

% MARKET SHARE

OTHER OPERATING EXPENSES SALARIES & OTHER EMPLOYEE
22% RELATED EXPENSES

31%

UTILITIES
6%

P.R. & MARKETING OUTSOURCING
3% & OTHER SERVICES

2016 vs. 2015 Operating Expenses 37%

2016 2015 € MILLION

SALARIES & OTHER EMPLOYEE RELATED EXPENSES 41.8
40.6
OUTSOURCING & OTHER SERVICES 49.5
50.7
OTHER OPERATING EXPENSES 43.5
19.3
0 10 20 30 40 50 60

26