Annual Report 2006 - Euromaint

E u r o M a i n t A n n u a l R e p o r t 2 0 0 6
Notes
Note 6 avERaGE NuMBER OF EMPLOyEES aND COSTS OF PERSONNEL CONTD.
56
EuroMaint EuroMaint
Rail aB Industry aB
Sick leave, % 2006 2005 2006 2005
Total sick leave 5.2 5.2 2.5 2.8
Long-term sick leave 5.2 5.2 0.8 0.7
Sick leave for men 5.3 5.2 2.2 2.6
Sick leave for women 3.2 4.2 6.8 4.7
Employees –2 years 6.3 5.1 1.6 1.
Employees 30 – 4 years 4.6 4.2 2.4 3.2
Employees 50 + years 5.6 6.3 2. 2.5
Sick leave is calculated based on the actual absence in relation
to the normal working hours for each group.
Remuneration to board and president of EuroMaint aB
The chairman of EuroMaint AB receives a fee of SEK 124,500 and
other Board members SEK 83,000 provided they are not members
of the Swedcarrier Board. If they are, a fee of SEK 0 (zero) is paid to
members of the EuroMaint Board. Members of the Remuneration
Committee (comprising three Board members, including a chairman)
receive remuneration to the sum of SEK 15,000 for the chairman
and SEK 10,000 for each member. Members of the Audit Committee
(comprising three Board members, including a chairman) receive
remuneration to the sum of SEK 30,000 for the chairman and SEK
20,000 for each member. A preparation fee of SEK 63,000 has been
paid to union representatives on the Board. The EuroMaint Board has
received a fee of SEK 708,000 (520,000).
The President of EuroMaint received salary and benefits totalling
SEK 2,344,000 (2,0 0,000) during the financial year excluding social
security costs.The President receives an old-age pension at 65 years.
The President has a non-revokable premium-based pension promise
amounting to 30% of fixed monthly revenues. The term of notice is
12 months from both the company’s and the President’s side, and
during this time salary is payable with full adjustment. If notice is
given by the company, 12 months’ non-pensionable severance pay is
also awarded with full adjustment against other revenues.
Agreements have been reached with one senior personnel regarding
severance pay should the company give notice. The severance pay is
equivalent to the fixed salary for 12 months in addition to the period
of notice, which is 12 months. Severance pay is not pensionable, is
fully adjustable and is not paid on retirement. Other senior personnel
receive salary during the period of notice, which is 12 months, and no
severance pay.
Costs of personnel 2006-01-01 2005-01-01
Group, SEK thousands
Salaries and other
remuneration in Sweden
2006-12-31 2005-12-31
Board and Presidents
of which bonus and thereby
12,2 3 6,230
equalised remuneration 0 2,558
Other employees 536,65 463,564
Total salaries and other remuneration 548,952 472,352
Social security expenses 25 ,773 232,5 2
of which pension costs 61, 47 61,877
Remuneration to board and president of EuroMaint Rail aB
The Board of EuroMaint Rail did not receive a Board fee for 2006.
The President of EuroMaint Rail received salary and benefits totalling
SEK 1,455,000. The President’s pension solution encompasses the
alternative ITP with a supplementary premium-based pension plan
with a premium equivalent to 20–40% of fixed salary. Agreements
have been reached with two senior personnel regarding severance
pay should the company give notice.
The severance pay is equivalent to the fixed salary for 12 months
in addition to salary during the period of notice, which is 12 months.
Severance pay is not pensionable, is fully adjustable and is not paid
on retirement. Other senior personnel receive salary during the period
of notice, which is 12 months.
Remuneration to board and president of EuroMaint Industry aB
The Board of EuroMaint Industry did not receive a Board fee for 2006.
The Presidents of EuroMaint Industry received salary and benefits
totalling SEK 3,054,000. Remuneration for the Presidents include
salary of SEK 1,5 1,000, other benefits of SEK 55,000 for the departing
President during the period of notice. Upon termination of employment
for the President there is a period of notice of 12 months from the
employer’s side, or 6 months from the President’s side. The Vice
Presidents have a term of notice of 3 months which applies for notice
given by either side. No severance pay is payable upon termination
of employment.
General
Remuneration is paid to the Board Chairman and other members of
the Group’s Boards in accordance with decisions by the general meeting
of shareholders. Salary and remuneration to Presidents is decided
by each company’s Board. Salary and remuneration to other senior
personnel is decided by each company’s Board or President.