Accounting policies
Costs of services rendered
The costs of services rendered correspond to the costs incurred by each one of JMH departments in rendering technical and specialised services to its subsidiaries.
Administrative costs
The administrative costs shown in the income statement include, among others, the costs incurred by each of the departments of JMH not corresponding to services rendered, as well as the non-deductible VAT arising from the application of the effective allocation method.
Other operating profits/losses
Other operating profits/losses include the costs not related with the services rendered to its subsidiaries and the costs not directly related with the role as Holding of the Group.
3.1. Operational costs by nature
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Supplies and services |
|
46,633 |
|
29,721 |
Rents (11.3) |
|
2,098 |
|
1,787 |
Staff costs (note 4.1) |
|
80,880 |
|
69,780 |
Depreciation and amortisation of tangibles and intangibles assets |
|
3,466 |
|
3,118 |
Depreciation of right-of-use assets (11.3) |
|
1,323 |
|
1,064 |
Other natures of profit/loss |
|
44,208 |
|
44,261 |
Total |
|
178,608 |
|
149,731 |
As of 31 December 2025, caption of other natures of profit/loss include donations in the amount of €2,703 thousand (2024: €3,213 thousand) and €40,000 thousand related to a dotation given, from 2024’s results, to Jerónimo Martins Foundation (2024: €40,000 thousand), as stablished in the Company Articles of Association. This Foundation, created in 2024, aims to expand the scale and increase the coverage of the Group’s social and solidarity initiatives.