13. Cost of work

Introduction
- Key figures
- Van Oord in brief
  - Message from the CEO
  - Report by the Supervisory Board
World of Van Oord
Strategy and value creation
Performance
- Financial performance
  - Energy and emissions performance
  - Basis of reporting energy and emissions
Governance
Financial statements
Other information

13. Cost of work

	2025	2024
Personnel cost	263,404	237,120
Depreciation and amortisation	220,183	180,178
Other costs	1,682,946	1,686,824
Total cost of work	2,166,533	2,104,122

Other costs comprise of costs of auxiliary and raw materials, costs of subcontracted work, costs of local representatives, rental charges and maintenance costs for the equipment used and other project costs.

14. General and administrative expenses

General and administrative expenses are costs not charged to projects for mainly human resources, operations and area support, finance & administration (including management support), communication, corporate affairs, internal audit, information

Read page