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Annual Report & Accounts 2013 - NOTES
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2. Performance Summary Total €000's €000's Revenue H2-2013 95,744 H1-2013 72,663 -------- FY-2013 168,407 H2-2012 30,699 H1-2012 29,626 -------- FY-2012 60,325 Contribution H2-2013 57,081 H1-2013 45,550 -------- FY-2013 102,631 H2-2012 18,801 H1-2012 17,675 -------- FY-2012 36,476 Clean EBITDA H2-2013 20,499 H1-2013 17,800 -------- FY-2013 38,299 H2-2012 7,776 H1-2012 7,676 -------- FY-2012 15,452 3. CONTRACT WITH EAST PIONEER CORPORATION B.V. As part of the agreement between the Group and EPC the Group agreed to guarantee the performance of EPC's obligations to SBT and therefore entered into the acquisition agreement alongside EPC as its guarantor. A contingent liability has been disclosed in respect of this guarantee as detailed in note 25. The Group mitigated this liability following the acquisition of Sportingbet PLC on the 19 March 2013. As the fair value of the contingent liability was €nil at both 31 December 2012 and 19 March 2013, there is no charge or credit to the income statement arising from this pre-existing relationship. 4. OPERATING COSTS 2013 2012 Notes €000's €000's Wages and salaries, including Directors remuneration 24,776 8,700 Amounts paid to long term contractors 3,763 868 Compulsory social security contributions 1,794 718 Compulsory pension contributions 751 195 Health and other benefits 701 45 Recruitment and training 722 285 Personnel expenditure (excluding share option charges) 32,507 10,811 Professional fees 2,523 1,177 Technology costs 19,795 2,856 Office, travel and other costs 5,146 1,909 Third party service costs* 2,427 3,925 Foreign exchange differences 1,934 346 Other operating costs 64,332 21,024 Share option charges 730 79 Exceptional items 4.1 19,711 (208) Depreciation 504 248 Amortisation 3,236 2,299 88,513 23,442 *provided to Betboo by external providers GVC HOLDINGS PLC ANNUAL REPORT 2013 39 NOTES TO THE FINANCIAL STATEMENTS 3