I have found a number of bread recipes that call to prepare first a preferment - a very simple dough with half the flour, water, sometimes sugar, and the yeast to be used. This is left to rise for an hour or two and afterwards it is mixed with a dough made with the rest of the ingredients including fats, additional sugars, and eggs. This second dough is then left to rise again and later split into the loafs and baked.
What is the purpose of the preferment and why is sponge made with such basic ingredients?