Note 9 Payroll, fees, number of employees etc.

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Note 9 Payroll, fees, number of employees etc.
Note 2014 2013
Salaries   291 498 254 564
Social security costs   19 327 17 226
Share options granted to directors and employees (incl. social security costs) 10 8 507 10 630
Pension costs 25 6 337 5 175
Other personnel costs   13 923 14 628
Total   339 592 302 223
 
Average number of employees   657 626
 
The Board’s guidelines and principles for determination of salary and other remuneration to key employees are detained in note 8.
 
As at 31.12.2014 no loans were provided to Group employees.
 
Accumulated costs related to salaries, pension costs and other remuneration to the CEO, other senior employees and board members in 2014 were as follows:
 
Remuneration to senior officers in 2014 in TNOK Salary Bonus Retained, not yet paid *) Options exercised during year Other remuneration Total
Morten Vike (resigned as CEO 17.10.2014) 3 149 442 6 075 7 542 306 17 514
Atle Harald Sandtorv (CFO/acting CEO) 1 779 248 119 0 144 2 290
Knut Utheim (COO from 01.04.2014) 1 126 0 89 0 99 1 314
Total remuneration including social security costs   21 118
*) Retained, not yet paid benefits to former CEO, see note 8  
 
Board members  
Per Grieg jr. 1)   406 406
Terje Ramm – until 11.06.2014 2)   102 102
Wenche Kjølås 2)   246 246
Karin Bing Orgland 1) og 2)   236 236
Asbjørn Reinkind 1)   275 275
Ola Braanaas -from 11.06.2014 1)   130 130
Total remuneration including social security costs   1 395
 
Recognision of synthetic options not declared throughout the year, are not included in the above list.
1) Remuneration for work done in the remuneration committee is included in the payment to Per Grieg jr. with TNOK 11, in the payment to Asbjørn Reinkind with TNOK 11, in the payment to Karin Bing Orgland with TNOK 6, and in the payment to Ola Braanaas with TNOK 7.

2) Remuneration for work done in the audit committee is included in the payment to Terje Ramm with TNOK 14, in the payment to Wenche Kjølås with TNOK 34, and in the payment to Karin Bing-Orgland with TNOK 19.
 
These amounts include social security costs.
 
Accumulated costs related to salaries, pension costs and other remuneration to the CEO, other senior employees and board members in 2013 were as follows:
 
Remuneration to senior officers in 2013 in TNOK Salary Bonus Retained, not yet paid Options exercised during year Other remuneration Total
Morten Vike (CEO) 2 667 0 442 1 858 267 5 234
Atle Harald Sandtorv (CFO) 1 378 0 248 1 815 127 3 568
Total remuneration including social security costs   8 802
 
Board members  
Per Grieg jr. 1)   397 397
Terje Ramm 2)   241 241
Wenche Kjølås 2)   240 240
Ingelise Arntsen (until 12.06.2013)   83 83
Karin Bing Orgland (from 12.06.2013)   130 130
Asbjørn Reinkind 1)   270 270
Total remuneration including social security costs   1 361
 
Recognision of synthetic options not declared throughout the year, are not included in the above list.
 
1) Remuneration for work done in the remuneration committee is included in the payment to Per Grieg jr. with TNOK 10, to Asbjørn Reinkind with TNOK 11, and to Karin Bing Orgland with TNOK 7.
 
2) Remuneration for work done in the audit committee is included in the payment to Terje Ramm and Wenche Kjølås in the sum of TNOK 29.
 
These amounts include social security costs.
 
Specification of auditors’ fees   2014 2013
Audit fees  
Group auditor   1 850 1 730
Other auditors   798 1 063
 
Other assurance services  
Group auditor   210 119
Other auditors   0 0
 
Tax advice  
Group auditor   280 235
Other auditors   238 166
 
Other services  
Group auditor   261 598
Other auditors   145 18
 
Total – Group auditor   2 601 2 682
Total – other auditors   1 181 1 247
Total   3 782 3 929

 

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