Income Statement Infratek ASA
|
NOTE 3
|
SALARIES AND OTHER PERSONELL EXPENSES
|
|
|
Spesification of personell expenses
|
||
|
Amounts in thousand NOK
|
2012
|
2011
|
|
Salaries and holiday pay
|
14 785
|
13 565
|
|
Social security contribution
|
2 504
|
2 307
|
|
Net pension expenses
|
1 139
|
1 040
|
|
Other personnel expenses
|
2 630
|
2 693
|
|
Total personnel expenses
|
21 058
|
19 605
|
|
As of 31 December 2012, Infratek ASA had 21 employees.
|
||
|
Specification of remuneration
|
||
|
Amounts in thousand NOK
|
2012
|
2011
|
|
Salary and other remuneration to general manager
|
3 153
|
3 506
|
|
Pension costs
|
162
|
185
|
|
Other remunerations
|
45
|
50
|
|
Board remuneration
|
1 237
|
1 383
|
|
Total remuneration to senior executives
|
4 597
|
5 124
|
|
The CEO has a bonus agreement based on the Group’s performance with respect to share price development and group targets. For further information, please see note 21 in the Group accounts.
|
||
|
Loan to general manager
|
||
|
Infratek has extended an interest-free loan to the general manager as part of a car expenses reimbursement program. The loan is written down over a period of 10 years; security is posted for the loan. As of 31 December 2012, the balance on the loan amounted to NOK 258.333. The annual amount written down and the interest-free loan component are reported to the tax authorities as a salary benefit. In case of resignation, any outstanding loans must be paid before the date of resignation.
|
||
|
Specification of auditor’s fees
|
||
|
Amounts in thousand NOK
|
2012
|
2011
|
|
Fee statutory audit
|
647
|
454
|
|
Fee assurance services
|
13
|
-
|
|
Fee tax advisory services
|
-
|
-
|
|
Fee other non-audit services
|
103
|
63
|
|
Total auditor fee
|
763
|
517
|
