28. Other non-financial liabilities

Other non-financial liabilities are as follows:

The personnel-related liabilities fall within the scope of IAS 19, ‘Employee Benefits’, and also include bonuses in connection with short-term profit-sharing schemes. These are based on the achievement of corporate targets (earnings targets (e. g., EBIT), cash flow targets, sales growth) and on personal targets of the respective employee.

The increase in personnel-related liabilities is mainly due to the increase in liabilities from expected bonus payments for employees.

NORMA Group received government grants, whereby EUR 530 thousand have not been received yet. They consist of grants in cash as well as land. The grants are bound to capital expenditures, employees and the supply of equity of the respective local entities. Potential repayments of the grants received would arise if the subsidized investments were sold early. NORMA Group recognizes the government grants as income over the period in which related expenses occur. Income of EUR 957 thousand was therefore recognized in fiscal year 2023 (2022: EUR 877 thousand), which also resulted from government subsidies in connection with the reimbursement of personnel expenses and export subsidies.