2014 Annual report

NOTE 9
SALARIES AND REMUNERATIONS
           
                   
NOK 1 000
   
2014
2013
         
Salaries
   
46 508
107 099
         
Social security tax
   
17 717
17 464
         
Pension costs (note 15)
   
6 733
- 25 478
         
Other benefits
   
3 457
2 227
         
Total
   
74 415
101 312
         
                   
Average number of man-labour years
   
38
39
         
                   
Salary and remuneration to Group CEO
             
             
NOK 1 000
Salary
Bonus
Benefits in kind
Pension
         
John Giverholt
3 300
3 276
186
1 062
         
                   
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 2,2, 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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