Close x

Notes to the Income Statement

HypoVereinsbank
Page Tools Print Page Add to Print Basket View Print Basket Add to Favourites
Print PageAdd to Print BasketView Print BasketAdd to Favourites

34. Restructuring costs

The restructuring costs relate in part to the business combination of HVB Group with the UniCredit Group. The total amounted to €60 million in 2006, including payroll costs of €27 million and other administrative expenses of €28 million. The restructuring costs of €438 million reported for the previous year mainly concerned allocations to restructuring provisions earmarked primarily for severance packages, depreciation charges on non-current assets and fees.