APC 2003 Annual Report Download - page 103

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26.3 - Management compensation
In 2003, directors’ fees of € 0.57 million were paid to
the members of the Board of Directors.
The compensation paid to members of the Executive
Committee for their functions within the Group
totaled € 4.5 million.
101
b) Breakdown by business:
Sales (in %) 2003 2002
Electrical distribution 69.5 70.3
Automation & Control 30.5 29.7
Total 100.0 100.0
Operating margin (in %) 2003 2002
Electrical distribution 12.2 12.0
Automation & Control 9.4 10.3
Average operating margin 11.5 11.5
Note 26. Employees
26.1. Number of employees
The average number of permanent and temporary employees was as follows in 2003 and 2002:
(number of employees)
2003 2002
Production 35,459 36,151
Administration 38,817 38,663
Total average number of employees 74,276 74,814
Europe 43,151 44,078
North America 16,516 17,625
International 14,609 13,111
26.2 - Payroll costs
(
€
millions)
2003 2002
Payroll costs (2,959.4) (3,090.9)
Profit-sharing and incentive bonuses (38.6) (29.2)
Total (2,998.0) (3,120.1)