Following is a breakdown of other operating costs:
|Professional services and other operating costs||37,578||27,786|
|Compensation component from stock grant plans||5,663||6,196|
|Leases, rentals, depreciation, amortization and other minor||592||515|
|Total other operating costs||48,030||35,548|
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.