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PANDORA ANNUAL REPORT 2009 | FINANCIAL REPORT, GROUP
NOTES
NOTE 5. EMPLOYEE BENEFIT EXPENSE
DKK ‘000 2009 2008
Analysis of staff costs:
Wages and salaries 257,066 127,960
Pensions, defi ned contribution plans 4,714 1,321
Share-based payments 8,100 2,025
Social security costs 7,335 3,690
Other staff costs 18,096 4,362
295,311 139,358
Average number of employees during the year 2,337 1,288
The employee benefi t expense has been recognised in the consolidated income
statement as follows:
Cost of sales 64,297 35,089
Distribution costs 112,970 68,934
Administrative expenses 118,044 35,335
295,311 139,358
Compensation of key management personnel of the Group
Executive Board of
DKK ‘000 management directors Total
2009
Short-term employee benefi ts 7,399 125 7,524
Share-based payment transactions 3,375 2,286 5,661
Total compensation paid to key management personnel 10,774 2,411 13,185
2008
Short-term employee benefi ts 1,000 175 1,175
Share-based payment transactions 844 572 1,416
Total compensation paid to key management personnel 1,844 747 2,591
NOTE 6. DEVELOPMENT COSTS
Development costs recognised as an expense in the consolidated income statement during the fi nancial year amount to DKK 8,045 thousand in 2009 (2008: DKK
6,054 thousand).