03.06.2013 Views

Annual Report 2012.pdf - Cherry

Annual Report 2012.pdf - Cherry

Annual Report 2012.pdf - Cherry

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Note 7: Personnel<br />

2012 2011<br />

Average number of employees including discontinued operations Total of which, men Total of which, men<br />

Parent company<br />

Sweden 4 75% 4 75%<br />

Total for parent company 4 75% 4 75%<br />

Subsidiaries<br />

Sweden 132 30% 130 30%<br />

England 7 40% 20 40%<br />

Greece 25 29% 28 29%<br />

Malta 30 50% 12 50%<br />

Poland 6 0% 9 0%<br />

Total for subsidiaries 200 30% 199 30%<br />

Group total including discontinued operations 204 30% 203 31%<br />

The average number of employees in discontinued operations amounted to 44 66<br />

Group Parent Company<br />

Salaries, other compensation and payroll overhead 2012 2011 2012 2011<br />

Board, CEO, vice CEO and other executives -6 991 -8 779 -3 030 -5 628<br />

Other employees -59 420 -57 714 -1 535 -517<br />

Total -66 411 -66 493 -4 565 -6 145<br />

Of which variable remuneration to CEO, other executives -1 382 -337 -20 -21<br />

Payroll overhead (including pension expenses) -16 440 -16 926 -2 357 -2 851<br />

Pension expenses including payroll tax<br />

Board, CEO, vice CEO and other executives -1 287 -1 605 -721 -939<br />

Other employees -1 893 -1 406 -94 -33<br />

Total -3 180 -3 011 -815 -972<br />

Of which in discontinued operations<br />

Salaries and remuneration to executives -495 -749 - -<br />

Salaries other employees -5 773 -9 088 - -<br />

Payroll overhead (including pension expenses) -1 386 -1 974 - -<br />

Pension expenses executives -116 -200 - -<br />

Pension expenses other employees -291 -379 - -<br />

DECISION AND DRAFTING PROCESS<br />

Remuneration is paid to the chairman and board members in accordance<br />

with the decision of the annual general meeting. No remuneration is paid for<br />

committee work. No remuneration is paid to the employee representative.<br />

The general meeting has decided on the following guidelines concerning<br />

remuneration to executives.<br />

Remuneration to the CEO and other executives consists of their basic<br />

salary, variable remuneration, other benefits and pensions. Other executives<br />

refer to the five persons who together with the CEO constitute the<br />

group executive. For the composition of the group executive, see page 20.<br />

The division between basic salary and variable remuneration should<br />

stand in proportion to responsibility and authorization of the executive.<br />

Variable remuneration for other executives is limited to SEK 200–500<br />

thousand for 2012. The variable remuneration is based on results in relation<br />

to individual set targets approved by the chairman. Pension benefits<br />

and other benefits for the CEO and other executives are included as part of<br />

the total remuneration.<br />

annual report 2012 |<br />

45

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!