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NOTE 5
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SALARIES AND REMUNERATIONS
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|||
|
NOK 1 000
|
2012
|
2011
|
||
|
Salaries
|
123 145
|
93 173
|
||
|
Social security tax
|
16 770
|
12 998
|
||
|
Pension costs (note 15)
|
4 667
|
11 616
|
||
|
Other benefits
|
3 359
|
3 657
|
||
|
Total
|
147 941
|
121 444
|
||
|
Average number of man-labour years
|
45
|
|||
|
Salary and remuneration to Group CEO
|
||||
|
NOK 1 000
|
Salary
|
Bonus
|
Benefits in kind
|
Pension
|
|
John Giverholt
|
2 626
|
0
|
202
|
911
|
|
The Group CEO's bonus agreement is limited to an annual salary. Bonus is based on achieved results in the Group.
|
||||
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The Group CEO participates in Ferd's collective pension schemes and is thereby entitled to a defined benefit pension. He also has an additional arrangement for a penson basis higher than 12 G and and an early retirement pension scheme giving him the opportunity to retire at the age 65.
|
||||
|
The Group CEO is entitled to 9 months pay after termination of employment is he has to resign from his position.
|
||||
|
Ferd AS has a receivable on the CEO of NOK 600 000, which is subject to interest on market based terms. The loan has no defined instalment plan.
|
||||
|
Fees to the Board
|
||||
|
No specific fees have been paid for board positions in Ferd AS.
|
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