4. Other operating costs

Following is a breakdown of other operating costs:

(€ thousand)20132012
Professional services and other operating costs37,57827,786
Compensation component from stock grant plans5,6636,196
Insurance4,1971,051
Leases, rentals, depreciation, amortization and other minor592515
Total other operating costs48,03035,548

The item includes costs for financial, legal and tax advisory services, as well as costs for tax compliance, public relations, personnel management, security services and IT services. Furthermore, it includes Board of Directors’ fees.

The compensation component from stock grant plans represents the notional cost of the Long Term Incentive Plan awarded to the Chairman, which was recognized directly in the equity reserve.