Annual report 2015

NOTE 11
SALARIES
                 
NOK 1 000
     
2015
2014
     
Salaries
     
2 071 192
1 869 789
     
Social security tax
     
277 064
315 867
     
Pension costs (note 19)
     
133 203
71 397
     
Other benefits
     
88 299
44 924
     
Total
     
2 569 759
2 301 977
     
                 
Average number of man-labour years
     
4 497
4 427
     
                 
Salary and remuneration to Group management
 
2015
2014
NOK 1 000
Salary
Bonus
Benefits in kind
Pension
Salary
Bonus
Benefits in kind
Pension
Group CEO, John Giverholt
3 416
433
307
1 115
3 300
3 276
186
1 062
Other members of Group management
4 709
1 642
545
812
4 550
7 627
501
1 038
Total
8 125
2 075
852
1 927
7 850
10 904
688
2 100
                 
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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