4. Employee benefit expenses |
|
|
|
|
€ ('000) |
|
2012 |
2011 |
|
|
|
|
Salaries and wages |
|
14,382 |
18,484 |
Pension expenses - defined contribution plans |
|
2,053 |
2,528 |
Share-based compensation expenses |
|
322 |
591 |
Other personnel expenses |
|
654 |
746 |
Total |
|
17,411 |
22,349 |
|
|
|
|
Remuneration of the management is presented in Table 31. Related party disclosures. |
|
|
|
|
The shared based compensations recognized in the income statement are based on the fair value of the instrument which is measured using the Black & Scholes option pricing model. The counter-entry to the expenses entered in the income statement is retained earnings, and therefore the expense has no effect on total equity. |
|
|
|
|
The terms of the stock option programs are presented in Table 30. Share-based payments. |
|
|
|
|
Personnel |
|
2012 |
2011 |
|
|
|
|
By country |
|
|
|
Finland |
|
71 |
79 |
Denmark |
|
0 |
2 |
Sweden |
|
16 |
18 |
Norway |
|
8 |
8 |
Russia |
|
13 |
14 |
Luxembourg |
|
1 |
1 |
In total |
|
109 |
122 |
|
|
|
|
By team |
|
|
|
CapMan Private Equity |
|
47 |
54 |
CapMan Real Estate |
|
23 |
21 |
CapMan Platform |
|
39 |
47 |
In total |
|
109 |
122 |
|
|
|
|
Average number of people employed |
|
115 |
136 |