CEF Annual report 2021

80 CEF FINANCIAL REPORT 2021
NOTES TO THE FINANCIAL STATEMENTS 81
NOTE 14: COSTS OF SERVICES
Costs of services 2021 2020
Production services costs 146,751 139,049
Transport services costs for events 40,255 39,029
Rents 30,636 26,531
Costs of employees’ business travels 7,904 5,744
Payments, bank services, insurance costs 14,852 10,467
Intellectual services costs for events 212,873 188,033
Intellectual services costs 19,203 20,668
Costs of exhibition, advertising 3,491 2,918
Personal services costs for events (authors, translators, mentors) 152,817 117,814
Costs of other services for events 75,561 86,501
Total 704,344 636,754
Intellectual services for events records fees for experts, authors, translators and mentors who work from their companies
and issue invoices to the CEF; and personal services for events records fees for experts, authors, translators
and mentors who are paid by contract. The CEF records transport services for events (e.g. travel for participants) only
when sponsored by a donor. Other services for events comprise copying materials, rent of interpretation equipment
and classrooms when workshops are organized outside the CEF, as well as refreshments and lunches for participants.
Intellectual services are costs of experts that support the CEF with services, such as communication, legal advice
and training.
NOTE 15: LABOR COSTS
Labor costs 2021 2020
Employee salaries 1,183,725 1,090,379
Employee salaries compensation 16,978 10,374
Reimbursement and other employee benefits 170,127 159,037
Employer's salaries contributions, taxes 173,667 161,774
Other labor costs 35,887 16,936
Total 1,580,384 1,438,499
EUR
EUR
In 2021, the CEF calculated costs of annual leave days that were unused in 2021 and are to be used by the end of
August, 2022.
Other labor costs comprise provisions for severance payments and long-service bonuses.
The earnings of members of the Executive Management and Governing Board
Data regarding groups of persons
EUR
Employees under individual employment contract
December 31, 2021 December 31, 2020
Salaries 78,214 68,442
Reimbursements and other employee benefits 7,300 2,127
Total 85,513 70,569
Members of the Governing Board are not compensated.
The director received anniversary award for 30 years of service as per Annex I to the Rules of Employment, Article 15.
Number of employees by formal education level
Number of employees by formal education level (EQF) December 31, 2021 December 31, 2020
Level 4 2 2
Level 5 3 3
Level 6 6 6
Level 7 18 18
Level 8 4 4
Total 33 33
NOTE 16: AMORTIZATION AND DEPRECIATION
Amortization and depreciation 2021 2020
Amortization of intangible assets 9,315 9,315
Depreciation of equipment 50,844 42,043
Depreciation of other fixed assets 18,506 18,489
Total 78,664 69,846
EUR
The CEF calculates salaries and other labor-related costs (meal and travel allowance, supplement health and pension
insurance, travel insurance) according to the CEF Rules of Employment, Annex I. On December 31, 2021, the CEF had
33 employees, same as on December 31, 2020. In 2021, there were four international employees, who do not pay
social security and personal income taxes.