SUBSTANTIAL REDUCTION IN OPERATING EXPENSES Operating expenses (unaudited) Comments (€mm) Q3’15 ∆∆ Q3’15 Q3’14 ∆∆
Decrease in most of costs items, benefiting from the vs Q3’14 strict execution of our cost reduction plan: Salaries and employee benefits (27.9) (31.3) -10.8%
Staff costs and professional services benefited System and communications (4.7) (6.8) -31.3% from the closing of IT operations in London end of Professional services (8.3) (11.4) -27.7% 2014 and the completion of Euronext Separation Clearing expenses (7.3) (6.8) 7.7% Program in H1’2015 Accommodation (2.7) (7.0) -61.5%
System and communications and professional Other expenses (4.9) (5.2) -4.3% services were reduced following the end of most Total operational expenses of the SLAs with ICE (excl. D&A) (55.8) (68.5) -18.5% Depreciation and amortisation (3.8) (4.1) -9.1%
Accommodation costs benefited from the completion of Total operational expenses (59.6) (72.7) -18.0% our Real Estate Strategy 880 160 ) 860 s n o
Depreciation & amortisation decreased in line with the 840 140 i t u rescopingof our footprint and the assets renewal cycle 820 l s 120 o e S e800 y d o780 100 n a p l S p760 80 M m E e740 , t 60 T n720 I ( e n s a700 40 r o m t r680 c e 20 a r P660 t n 640 0 o C 13