2014 Annual report

NOTE 11
SALARIES
                   
NOK 1 000
     
2014
2013
       
Salaries
     
2 384 921
1 950 286
       
Social security tax
   
321 620
227 665
       
Pension costs (note 19)
   
103 049
75 618
       
Other benefits
     
58 838
52 117
       
Total
     
2 868 428
2 305 685
       
                   
Average number of man-labour years
   
4 427
3 870
       
                   
Salary and remuneration to Group management
           
   
2014
2013
NOK 1 000
 
Salary
Bonus
Benefits in kind
Pension
Salary
Bonus
Benefits in kind
Pension
Group CEO, John Giverholt
3 300
3 276
186
1 062
3 287
2 297
234
1 218
Other members of Group management
4 550
7 627
501
1 038
4 637
7 898
421
1 664
Total
 
7 850
10 904
688
2 100
7 924
10 195
655
2 882
                   
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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