Personnel expenses
1. Staff welfare (801008001)
Sub account 801008001.0001 (team building) - expenses with team building, every employee has a budget of 30 EUR/quarter; the increase in Q1 2008 of 14,796 USD as compared to Q1 2007 is due to the increase in the number of employees; the decrease in Q1 2008 of 116,024 USD as compared to Q4 2007 is due to the accrual for Annual prizes teambuilding and Lean - Prize awards for teambuilding (KC, One GE, Novartis) booked in Dec 2007 and not yet awarded.
Sub account 801008001.0003 (medical checks) - expenses with the medical services for employees from CMU (new supplier for Q1); the increase in Q1 2008 of 35,535 USD as compared to Q1 2007 and 5,916 USD as compared to Q4 2007 is due to the increase in the number of employees
2. Staff cost other (801003001)
Sub account 801003001.0025 (Education for expat kids) - expenses with tuition fee for the foreigners' children, booked in account 122001004.0001 (471) in 2007 (when the invoice for the tuition fee for 2007-2008 scholar year was received) and deferred monthly; the main supplier in Q1 2008 is FUNDATIA JUNIOR FOCUS (new supplier for Q1 and Q4); the increase in Q1 2008 of 46,242 USD as compared to Q1 2007 is due to the increase in the number of foreigners with kids; there are no significant differences as compared with Q4 2007
Sub account 801003001.0026 (Flat rental) - expenses with rental of apartments for the employees (foreigners and some of the employees from the new office in Cluj); the main suppliers are ACMS, MAMBA 17 SRL, ARARIA CONSTRUCT SRL, HERASTRAUL INNOURAT INVESTITII SRL, ARABESC AGENTIE ARTISTICA INT (all being new suppliers for Q1) and PROFESSIONAL REALTY SRL; the increase in Q1 2008 of 156,894 USD as compared with Q1 2007 is due to the increase in the number of foreigners and the opening of the new office in Cluj; there are no significant differences as compared with Q4 2007.
3. Employee Training (801007001)
Sub account 801007001.0001 (Training and Education) - expenses with the training of employees; the main suppliers are CENTRUL DE LIMBA ENGLEZA ASE LANGUAGE CENTRE, IHB LANGUAGE TRAINING CENTER SRL, DE SILVA RTH SRL (all being new suppliers for Q1); the increase in Q1 2008 of 45,466 USD as compared to Q1 2007 is due to the increase in the number of employees; the decrease in Q1 2008 of 57,632 USD as compared to Q4 2007 is due to the Build Program in 2007 (students are sent to trainings following to be employed)
Communication
1. Telephone/Dialcom (801060001)
Sub account 801060001.0001 (Op expense/Telephone) - expenses with telephone services (only subscription); the main suppliers are DIAL TELECOM SRL and VODAFONE ROMANIA; the increase in Q1 2008 of 81,922 USD as compared to Q4 2007 is due to the reclassification of 80,279 USD in Dec 2007 from this account to account 801060001.0003.
Sub account 801060001.0002 (Communication - Telephone & Dialcom) - expenses with telephone services (excluding subscription); the main suppliers are DIAL TELECOM SRL and VODAFONE ROMANIA; the increase in Q1 2008 of 29,712 USD as compared to Q1 2007 is due to the increase in the number of employees and clients; there are no significant differences as compared with Q4 2007.
2. Postage (801020001)
Sub account 801020001.0001 (Local Courier Charges-DHL) - expenses with the postal services; the main suppliers are DHL INTERNATIONAL ROMANIA SRL, PEGASUS COURIER SRL and MASTER LINE INTERNATIONAL (new supplier for Q1); the increase in Q1 2008 of 106,006 USD as compared to Q1 2007 is due to the increase in the number of clients; the increase in Q1 2008 of 54,430 USD as compared to Q4 2007 is due to the increase in postal volume for JDI, Renault, Novartis, Pfizer in Q1 2008.
Travel and living
1. Recoverable T&L (801080001)
Sub account 801080001.0001 (T&L recoverable - accomodation) - expenses with the recoverable hotel accommodations and the accrued expenses for the estimated recoverable T&L; the main suppliers are CONCEPT CONSULT&PROSPECT SRL, REALITY TURISM SRL (new supplier) and PRAGUE HOLIDAY SRO (new supplier for Q1); the increase in Q1 2008 of 418,333 USD as compared to Q1 2007 is due to the increase in the number of clients and employees; the increase in Q1 2008 of 512,400 USD as compared to Q4 2007 is due to the massive submission of personal deductions in Q4 2007.
Sub account 801080001.0003 (T&L recoverable - Per Diem) - expenses with the employee's allowance of 35/EUR for employee (recoverable); the increase in Q1 2008 of 73,855 USD as compared to Q1 2007 is due to the increase in the number of clients and employees; the decrease in Q1 2008 of 336,379 USD as compared to Q4 2007 is due to the massive submission of personal deductions in Q4 2007.
2. Non recoveerable T&L (801080002)
Sub account 801080002.0001 (T&L non-recoverable - accomodation) - expenses with the non-recoverable hotel accommodations and the accrued expenses for the estimated non-recoverable T&L; the main suppliers are CONCEPT CONSULT&PROSPECT SRL and SMART ACCOMODATION SRL (new supplier for Q1); the decrease in Q1 2008 of 51,042 USD as compared to Q1 2007 is due to overestimation of the non-recoverable expense booked in Q1 2007, mistake rectified in the following months of the year 2007 (when the personal deductions were submitted by the employees, the closing balance for year 2007 being 29,858 USD); the increase in Q1 2008 of 181,772 USD as compared to Q4 2007 is due to the massive submission of personal deductions in Q4 2007.
Sub account 801080002.0006 (T&L non-recoverable - airfare) - expense with the fly tickets, medical insurance and the accrued expenses for the invoices received but not yet approved (non-recoverable); the main suppliers are CONCEPT CONSULT&PROSPECT SRL and C.N.T.A.T. TAROM (new supplier for Q1); the increase in Q1 2008 of 27,820 USD as compared to Q1 2007 is due to the increase in the number of foreigners, of employees sent to trainings abroad and the opening of the new office in Cluj; there are no significant differences as compared with Q4 2007.
Facilities maintenance
1. Rentals (801095001 & 801095002)
Sub account 801095001.0002 (Rental - office) - expenses with the rent of Bucharest and Cluj offices; the main suppliers are IRIDE SA, A.G. CONSULTING (new supplier for Q1) and IULIUS MALL CLUJ SRL (new supplier for Q1); the increase in Q1 2008 of 381,960 USD as compared to Q1 2007 is due to the new offices in Cluj and Bucharest; the increase in Q1 2008 of 294,041 USD as compared to Q4 2007 is due to the new office in Bucharest (Renault).
2. Utility (801103001)
Sub account 801103001.0001 (Utilities-water,gas,electricity) - expenses with utilities for the offices in Bucharest and Cluj; the main suppliers are IRIDE SA and A.G. CONSULTING (new supplier for Q1); the increase in Q1 2008 of 68,226 USD as compared to Q1 2007 is due to the increase of the headcount, the new office in Cluj and the Bucharest's office ground floor (opened for business in July 2007); the increase in Q1 2008 of 50,314 USD as compared to Q4 2007 is due to the fact that January and February are winter months and the utilities are higher for these months.
Sub account 801103001.0002 (Security) - expenses with the security services; the main supplier is G4S SECURITY SERVICES SRL (new supplier for Q1); the increase in Q1 2008 of 27,364 USD as compared to Q1 2007 is due to the increase of the headcount, the new office in Cluj and the Bucharest's office ground floor (opened for business in July 2007); there are no significant differences as compared with Q4 2007.
Sub account 801103001.0003 (Cleaning) - expenses with the cleaning services; the main supplier is DAROM IMPEX SRL; the increase in Q1 2008 of 36,813 USD as compared to Q1 2007 is due to the increase of the headcount, the new office in Cluj and the Bucharest's office ground floor (opened for business in July 2007); there are no significant differences as compared with Q4 2007.
Sub account 801103001.0004 (Repairs building) - expense with the service tax for the buildings rented; the main supplier is IRIDE SA; the increase in Q1 2008 of 23,245 USD as compared to Q1 2007 is due to the increase of the headcount, the new office in Cluj and the Bucharest's office ground floor (opened for business in July 2007); there are no significant differences as compared with Q4 2007.
Other Costs
1. Data Processing (801600001.0002) - expenses with the storage and archive of the client's documents, outsourced to Iron Mountain from July 2007; the main suppliers are IRON MOUNTAIN and XEROX BUSINESS SERVICE (both being new suppliers for Q1); the increase in Q1 2008 of 90,187 USD as compared to Q1 2007 is due to the fact that the account was specially set-up in October 2007 for these type of expenses; the decrease in Q1 2008 of 149,988 USD as compared to Q4 2007 is due to the fact that this account was set up in October 2007, but the contract started on July 2007 and no accrual was booked for the expenses from July till October.
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