Operating expenses
Total operating expenses for the quarter were 115 million, which is 1 million lower compared to 116 million in the same quarter last year. The lower operating expenses were mainly driven by lower Amortisation of technology and databases partially offset by slightly higher SG&A expenses. The increase in SG&A costs partially reflects amortisation of acquired customer contracts following our recent acquisitions. Marketing expenses were relatively flat year on year.
Depreciation and amortisation
( in millions) | Q1 '15 | Q1 '14 | y.o.y. change | ||||||
Depreciation | 3.1 | 3.8 | -20% | ||||||
Amortisation | 23.4 | 24.4 | -4% | ||||||
Total | 26.5 | 28.2 | -6% | ||||||
Of which acquisition-related amortisation | 12.7 | 13.2 | -4% | ||||||
Change percentages are based on non-rounded figures |