NOTE 10 – PAYROLL EXPENSES

< Back
A B C D
NOTE 10 – PAYROLL EXPENSES
 
PERSONNEL EXPENSES 2016 2015
Salary 37 858 41 547
Employers tax 6 929 7 024
Pension cost 820 5 039
Other benefits 3 022 7 399
Total personnel expenses 48 630 61 009
Number of employees 38 40
REMUNERATION (IN NOK 1000) 2016 2015
Managing Director (CEO)
Salary 2 402 2 387
Bonuses 98 196
Pension cost 274 282
Other remuneration 107 133
Director Marine Operations (CTO)        
Salary 1 835 2 000
Bonuses 75 145
Pension cost 211 249
Other remuneration 128 152
Director Commercial Operations (CCO)
Salary 1 957 0
Bonuses 241 0
Pension cost 344 0
Other remuneration 116 0
Total remuneration to key management personnel 7 790 5 543
Number of individuals included in key management personnel 3 2
Board of Directors
Remuneration 650 650
Total remuneration to key management personnel and Board of Directors 8 440 6 193

The Managing Director and Director Commercial Operations have an additional contribution based pension of 15% of salary above 12G. The Managing Director has additional agreement of one year pay after termination of employment.

The company's senior executives are employed on a fixed salary. There are no related share-based payments or fixed bonuses to the salary agreements. It is also not granted loans or guarantees from the Company to any of its employees.


The amounts stated are exclusive of social security contributions.

All employees were paid bonuses in 2016. The total bonus payment for 2016 was 1 706 567,-.
     
Auditor    
Remuneration to auditor consist of the following 2016 2015
Audit mandatory by law 441 511
Andre attestasjonstjenester 0 0
Tax advisory services 73 7
Other non-audit services 10 14
Total 524 532
     
This entry was posted in Notes konsern ENG and tagged . Bookmark the permalink.