Annual Report 2011 - T-Hrvatski Telekom
Annual Report 2011 - T-Hrvatski Telekom
Annual Report 2011 - T-Hrvatski Telekom
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94<br />
Consolidated financial statements<br />
6 Employee benefits expenses<br />
Gross salaries<br />
Taxes, contribution and other payroll expenses<br />
Redundancy expenses<br />
Long-term employee benefits (Note 19)<br />
<strong>2011</strong><br />
HRK millions<br />
881<br />
253<br />
162<br />
-<br />
2010<br />
HRK millions<br />
904<br />
258<br />
31<br />
5<br />
1,296<br />
1,198<br />
The movements of redundancy provision are as<br />
follows:<br />
<strong>2011</strong><br />
HRK millions<br />
2010<br />
HRK millions<br />
Provision at 1 January — current<br />
Provision at 1 January - non current<br />
133<br />
-<br />
7<br />
113<br />
Total provision for redundancy 1 January<br />
133<br />
120<br />
Interest costs recognized in the statement of comprehensive income<br />
Additions charged to the statement of comprehensive income<br />
Utilisation<br />
-<br />
162<br />
(126)<br />
20<br />
31<br />
(38)<br />
Total provision for redundancy 31 December<br />
169<br />
133<br />
Of that — current<br />
169<br />
133<br />
Redundancy expenses and provisions include the amount of gross severance payments and other related<br />
costs for employees whose employment contracts will be involuntary terminated after 31 December <strong>2011</strong><br />
due to business reasons.