Annual report 2016

NOTE 11
SALARIES
             
                 
NOK 1 000
     
 
 
  2016 2015
Salaries
     
 
 
  2 182 991 2 071 192
Social security tax
     
 
 
  302 406 277 064
Pension costs
     
 
 
  152 421 133 203
Other benefits
     
 
 
  66 826 88 299
Total
     
 
 
  2 704 644 2 569 759
                 
Average number of man-labour years
 
 
  3 500 4 497
                 
Salary and remuneration to Group management
 
2016
2015
NOK 1 000
Salary
Bonus
Benefits in kind
Pension
Salary
Bonus
Benefits in kind
Pension
Group CEO, John Giverholt
3 553
1 627
259
1 595
3 416
433
307
1 115
Other members of Group management
4 930
3 040
501
1 010
4 709
1 642
545
812
Total
8 483
4 667
760
2 604
8 125
2 075
852
1 927
                 
The Group CEO's bonus scheme is limited to MNOK 6.0. Bonus is based on the results achieved in the Group.
The Group CEO participates in Ferd's collective pension schemes for salaries below 12 G. This is a contribution scheme (cf. also note 19). The Group CEO also has a benefit scheme for a pension basis higher than 12 G, but with an upper limit of appr. MNOK 2.4, together with an early retirement pension scheme giving him the opportunity to retire at 65 years.
The Group CEO is entitled to 9 months' severance pay if he has to resign from his position.
                 
Fees to the Board
No specific fees have been paid for board positions in Ferd AS.

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