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Annual Report & Accounts 2014 - NOTES
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3. opeRatinG costs 2014 2013 notes €000's €000's Wages and salaries, including Directors (excluding incentive schemes) 21,744 18,227 incentive schemes, including Directors 13,865 6,549 Amounts paid to long term contractors 3,270 3,763 compulsory social security contributions 2,137 1,794 compulsory pension contributions 627 751 health and other benefits 758 701 Recruitment and training 654 722 personnel expenditure (excluding share option charges) 43,055 32,507 professional fees 4,489 2,523 technology costs 20,991 19,795 office, travel and other costs 5,251 5,146 third party service costs* - 2,427 Foreign exchange differences 340 1,934 other operating costs 74,126 64,332 equity settled share option charges 552 730 cash settled share option charges 184 - exceptional items 3.1 - 19,711 effect of valuing the Betit put option 9 1,593 - Depreciation 7 675 504 Amortisation 8 3,237 3,236 80,367 88,513 * provided to Betboo by external providers 3.1 exceptional items the group incurred expenditure on exceptional items (as defined in accounting policy note 1.13) of €nil (2013: €19,711,000). these are items which are both exceptional in size and nature. 2014 2013 notes €000's €000's costs arising on the acquisition of sportingbet pLc - Legal advice a - 3,428 - nominated advisors a - 1,210 - Reporting accountants a - 938 - other professional fees a - 822 total of professional fees - 6,398 - underwriting a - 810 - stamp duty and stock exchange fees a - 639 - transaction success bonuses a - 1,444 transaction costs - 9,291 Redundancies, retentions and similar a - 9,017 contract buyouts a - 2,855 Restructuring costs - 11,872 economic benefit from the management of the sportingbet spanish business b - (1,452) - 19,711 note a: on 19 march 2013, the group completed the acquisition of sportingbet pLc. professional fees attributable to the acquisition and subsequent costs restructuring the sportingbet business were treated as exceptional items. professional fees associated with the acquisition and incurred by sportingbet amounted to €7,847,000. these were included in the acquisition balance sheet as liabilities. ANNUAL REPORT 2014 40 notes to the consolidated financial statements continued for the year ended 31 december 2014