ANNUAL REPORT 2004 - Skanska

Note 35 Personnel
Personnel figures are calculated as the average number of employees. See ”Accounting and valuation principles,” Note 1.
Personnel expenses
Wages, salaries and other remuneration
2004 2003
by geographic area and divided between Board members, Other Board members, Other
Board members etc. and other employees Presidents, Exec. VPs employees Total Presidents, Exec. VPs employees Total
Continuing operations
Parent Company
Sweden 47 51 98 41 46 87
of which, bonuses 10 15
Subsidiaries
Sweden 60 3,833 3,893 49 3,819 3,868
of which, bonuses 29 17
Norway 21 1,817 1,838 21 1,561 1,582
of which, bonuses 5 3
Denmark 7 714 721 6 781 787
of which, bonuses 2 1
Finland 19 1,031 1,050 15 1,045 1,060
of which, bonuses 5 3
United Kingdom 51 1,515 1,566 49 1,670 1,719
of which, bonuses 28 8
Poland 10 313 323 19 337 356
of which, bonuses 2 10
Czech Republic 18 663 681 20 587 607
of which, bonuses 11 11
United States 28 4,118 4,146 21 4,625 4,646
of which, bonuses 3 6
Argentina 8 319 327 13 273 286
of which, bonuses 0
Other countries 792 792 3 849 852
of which, bonuses
Subtotal, continuing operations 269 15,166 15,435 257 15,593 15,850
of which, bonuses 95 74
Discontinuing operations
Sweden 3 133 136 10 730 740
of which, bonuses 0 1
Other countries 3 94 97 16 1,050 1,066
of which, bonuses 0 1
Subtotal, discontinuing operations 6 227 233 26 1,780 1,806
of which, bonuses 0 2
Total 275 15,393 15,668 283 17,373 17,656
of which, bonuses 95 76
The amount related to Board members, Presidents and Executive Vice Presidents included compensation to former Board members, Presidents
and Executive Vice Presidents during the financial year.
Wages, salaries, other remuneration and social insurance contributions Continuing Discontinuing
operations operations Total
Group 2004 2003 2004 2003 2004 2003
Wages, salaries and other remuneration 15,435 15,850 233 1,806 15,668 17,656
Social insurance contributions 4,294 4,458 79 449 4,373 4,907
of which, pension expenses 1,042 885 21 106 1,063 991
Of the Group’s total pension expenses, SEK 52.3 M (41.8) were related to the category ”Board members, Presidents and Executive Vice Presidents. In 2003,
an additional SEK 1.7 M came from discontinuing operations. The amount included compensation to former Board members, Presidents and Executive Vice Presidents.
The expense for a provision to the employee profit-sharing foundation totaled SEK 40 M (44).
Parent Company 2004 2003
Wages, salaries and other remuneration 98 87
Social insurance contributions 74 10
of which, pension expenses 35 –19
The Parent Company’s pension expenses were calculated in compliance with the
Security of Income Act.
Pension expenses in 2004 and 2003 were affected by an upturn in the value of the
assets held by Swedish pension funds.
Of the Parent Company’s pension expenses, SEK 19.6 M (17.6) were related to the
category ”Board members, Presidents and Executive Vice Presidents.” The amount
included compensation to former Board members, Presidents and Executive Vice
Presidents. The Company’s outstanding pension commitments to these amounted
to SEK 241.2 M (185.1).
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Notes, including accounting and valuation principles – Skanska Annual Report 2004