NOTE 8
€ million | 2011 | 2010 |
Wages, salaries and fees | -473.2 | -451.0 |
Social security costs | -45.7 | -41.0 |
Pension costs | -45.4 | -23.5 |
Defined benefit plans | 14.5 | 32.0 |
Defined contribution plans | -59.9 | -55.5 |
Share-based payments | -6.3 | -5.0 |
Total | -570.5 | -520.6 |
During the financial year 2010, the management of the statutory pension provision and related insurance portfolio of the Kesko Group employees was partly transferred from the Kesko Pension Fund to an authorised pension insurance company. Pensions are disclosed in more detail in note 20.
Disclosures on compensation paid to the Group’s management for employee services, and other related party transactions are disclosed in note 40, and on share-based payment in note 35.
Remuneration of the Group companies’ managing directors |
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€ million | 2011 | 2010 |
Salaries of managing directors (incl. fringe benefits) |
6.2 | 5.5 |
Board member remuneration | 0.5 | 0.4 |
Total | 6.7 | 5.9 |
Average number of the Group personnel |
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2011 | 2010 | |
Food trade | 2,706 | 2,881 |
Home and speciality goods trade | 5,754 | 5,418 |
Building and home improvement trade | 8,874 | 8,379 |
Car and machinery trade | 1,206 | 1,138 |
Others | 420 | 399 |
Total | 18,960 | 18,215 |