Annual Report 2010 - Falck

Notes to the Group financial statements
Group | Falck Annual Report 2010 71
Note DKK million 2010 2009
6 Fees to auditors appointed at the annual general meeting
KPmG
Audit (6) (5)
Other assurance engagements - (1)
Tax advisory services (2) (3)
Preparation of a potential IPO (8) -
Other services (2) (1)
Total fees (18) (10)
7 Staff costs
Salaries and wages to employees (3,771) (3,544)
Ordinary remuneration to the Executive Management Board (10) (8)
Remuneration to the Executive Management Board relating to preparation of a potential IPO (7) -
Remuneration to the Board of Directors (2) (1)
Total (3,790) (3,553)
Of which reinvoiced 3 -
Total salaries and remuneration (3,787) (3,553)
Defined-contribution pension plans (255) (245)
Defined-benefit pension plans 18 (9)
Other social security costs (330) (282)
Other staff costs (301) (273)
Total other staff costs (868) (809)
Total staff costs (4,655) (4,362)
Number of full-time employees 14,352 12,258
Number of part-time employees 4,791 4,199
The rate of increase in remuneration to the Executive Management Board excluding bonus
was 2% in 2010 (2009: 0%).
Remuneration to the Executive Management Board includes pension contributions of - 1
The service contracts for the members of the Executive Management Board include severance
periods which, in the case of resignation by an executive, are 6 months and, in the case of
termination by the company, are 12 months.
Warrant programme, Executive management Board
Number of warrants at 1 January 4,443,120 4,443,120
Buy back in the period. See note 21 (4,443,120) -
Number of warrants at 31 December - 4,443,120
At the extraordinary general meeting held on 25 February 2011, the Board of Directors was authorised to establish a new warrant
programme. At the Board meeting held on 15 March 2011, the Board of Directors adopted a resolution to establish a new warrant
programme for the Executive Management Board. The new warrant programme comprises 4,443,120 warrants. Each warrant entitles
the holder to subscribe for one share with a nominal value of DKK 0.50 on 30 December 2015 at a price of DKK 125 per share. The warrants
issued were acquired at market value, equivalent to DKK 11 million, and there are no conditions attached to the acquisition of the
warrants.