ANNUAL REPORT 2008 - Polymer Bank Notes of the World

individual circumstances. Basic salaries aresubject to a tax for the benefit of the EuropeanCommunities as well as to deductions in respect ofcontributions to the pension, medical and accidentinsurance schemes. Allowances are non-taxableand non-pensionable.Basic salaries paid to members of the ExecutiveBoard in 2008 and 2007 were as follows:2008€2007€Jean-Claude Trichet (President) 351,816 345,252Lucas D. Papademos (Vice-President) 301,548 295,920Gertrude Tumpel-Gugerell(Board Member) 251,280 246,588José Manuel González-Páramo(Board Member) 251,280 246,588Lorenzo Bini Smaghi (Board Member) 251,280 246,588Jürgen Stark (Board Member) 251,280 246,588Total 1,658,484 1,627,524The total allowances paid to the members ofthe Executive Board and their benefits from theECB’s contributions to the medical and accidentinsurance schemes amounted to €600,523(2007: €579,842), resulting in total emolumentsof €2,259,007 (2007: €2,207,366).Transitional payments are made to formermembers of the Executive Board for a periodafter the end of their terms of office. In 2008these payments and the ECB’s contributions tothe medical and accident insurance schemes offormer members amounted to €30,748 (2007:€52,020). Pension payments, including relatedallowances, to former members of the ExecutiveBoard or their dependents and contributions tothe medical and accident insurance schemesamounted to €306,798 (2007: €249,902).Also included under this item is an amount of€24.3 million (2007: €27.2 million) recognisedin connection with the ECB’s retirement planand other post-employment benefits (see note 12,“Other liabilities”).At the end of 2008 the actual full-time equivalentnumber of staff holding contracts with the ECBwas 1,536, 22 including 144 with managerialpositions. The change in the number of staffduring 2008 was as follows: 232008 2007As at 1 January 1,478 1,416New staff 307 310Resignations/end of contract 238 235Net decrease due to changes inpart-time working patterns 11 13As at 31 December 1,536 1,478Average number of staff employed 1,499 1,44830 ADMINISTRATIVE EXPENSESThese cover all other current expenses relatingto the renting and maintenance of premises,goods and equipment of a non-capital nature,professional fees and other services and supplies,together with staff-related expenses includingrecruitment, relocation, installation, training andresettlement expenses.31 BANKNOTE PRODUCTION SERVICESThis expense relates to costs arising from thecross-border transportation of euro banknotesbetween NCBs to meet unexpected fluctuationsin demand for banknotes. These costs are bornecentrally by the ECB.22 Staff on unpaid leave of absence are excluded. This numberincludes staff with permanent, fixed or short-term contracts andthe participants in the ECB’s Graduate Programme. Staff onmaternity or long-term sick leave are also included.23 In 2007, staff numbers in this table included staff on unpaid/parental leave, while staff with short-term contracts, as wellas staff from other central banks of the ESCB with temporaryassignments with the ECB and the participants in the ECB’sGraduate Programme, were excluded. The change in thepresentation of the figures for 2008 was considered to make themmore useful for the users of the financial statements. The 2007figures have been adjusted accordingly.238 ECBAnnual Report2008