AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

(Thousands of Euros)
2011 2010
Wages and salaries 75,953 57,831
Termination benefits (1,068) 14,148
Social Security costs 14,365 16,112
Total 89,250 88,091
The total workforce at the end of the 2011 and 2010 financial years was 2,039 (1,495 men and 544
women) and 1,132 (896 men and 236 women) respectively.
The average number of employees in the Group, by professional category and gender, is as follows:
2011 2010
Men Women Total Men Women Total
Managers 51 14 65 31 3 34
Higher education graduates 428 100 528 325 82 407
Further education graduates 195 64 259 224 44 268
Administrative personnel 183 244 427 109 85 194
Technicians 676 97 773 244 29 273
Total 1,533 519 2.052 933 243 1,176
Board of Directors 10 --- 10 10 --- 10
Share-based payments
In financial year 2011, the Amper Group has granted a total of 408,000 options to purchase shares of
Amper, S.A. to 40 employees in Spain and 47 employees in Latin America. The stock option plan for the
company’s management team is within the limits approved by the General Shareholders’ Meeting held
on 29 June 2011. The exercise price of the options granted is 3.58 euros per share.
The characteristics of the plan are the following:
Duration:
The program enters into effect in 2011 and ends on 31 December 2015. In the second half of 2011 the
options are assigned to the Beneficiaries. The options can be exercised starting 1 July 2014, provided
they satisfy the Conditions for the Exercise of the Options.
Exercise period:
18 months between 1 July 2014 and 31 December 2015.
Conditions for the exercise of the options:
The options can be exercised subject to compliance with the following conditions (i) that they achieve a
growth rate equal to the small cap stock index and (ii) that they achieve the EBITDA amounts included
in the budget approved by the Board of Directors for financial years 2011, 2012 and 2013.
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