NOTE 11
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SALARIES
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NOK 1 000
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2016 | 2015 | ||||
Salaries
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2 182 991 | 2 071 192 | ||||
Social security tax
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302 406 | 277 064 | ||||
Pension costs
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152 421 | 133 203 | ||||
Other benefits
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66 826 | 88 299 | ||||
Total
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2 704 644 | 2 569 759 | ||||
Average number of man-labour years
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3 500 | 4 497 | ||||
Salary and remuneration to Group management
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2016
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2015
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NOK 1 000
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Salary
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Bonus
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Benefits in kind
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Pension
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Salary
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Bonus
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Benefits in kind
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Pension
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Group CEO, John Giverholt
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3 553
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1 627
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259
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1 595
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3 416
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433
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307
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1 115
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Other members of Group management
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4 930
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3 040
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501
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1 010
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4 709
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1 642
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545
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812
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Total
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8 483
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4 667
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760
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2 604
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8 125
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2 075
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852
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1 927
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The Group CEO's bonus scheme is limited to MNOK 6.0. Bonus is based on the results achieved in the Group.
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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.
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The Group CEO is entitled to 9 months' severance pay if he has to resign from his position.
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Fees to the Board
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No specific fees have been paid for board positions in Ferd AS.
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