APC 2009 Annual Report Download - page 167
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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 165
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note27
Employees
27.1 - Number of employees
The average number of permanent and temporary employees was as follows in 2009 and 2008:
(number of employees) 2009 2008
Production 55,125 59,963
Administration 60,940 66,518
TOTAL AVERAGE NUMBER OF EMPLOYEES 116,065 126,481
By region:
EMEAS 57,360 62,053
North America 26,510 29,909
Asia-Pacifi c 32,195 34,519
The change in average number of employees primarily refl ects the effect of restructuring plans in 2009.
27.2 - Employee benefits expense
2009 2008
Payroll costs (1) (4,330) (4,814)
Profi t-sharing and incentive bonuses (46) (86)
Stock options (22) (26)
WESOP (3) (5)
TOTAL EMPLOYEE BENEFITS EXPENSE (4,401) (4,931)
(1) Of which EUR 3million for pension and other post-employment benefi t obligations and EUR 22million for other employee benefi t
obligations (note22).
27.3 - Management compensation and benefits
In 2009, directors’ fees of EUR 0.7million were paid to the members
of the Board of Directors.
Total gross compensation paid to members of Senior Management
(excluding corporate offi cers) amounted to EUR 6.7million, of which
EUR 2.5million in variable bonuses.
During the last three periods, 465,700 stock options and 111,451
stock grants have been granted to members of Senior Management .
Pension obligations with respect to members of Senior Management
amounted to EUR 68 million at December 31, 2009 versus
EUR 62million at December 31, 2008.
More detailed information on Senior Management is provided in
Chapter3, Paragraph8 of the Registration Document.
Note28
Related party transactions
28.1 - Associates
These are primarily companies over which the Group has signifi cant
infl uence. They are accounted for by the equity method. Transactions
with these related parties are carried out on arm’s length terms.
Related party transactions were not material in 2009.
28.2 - Related parties with significant influence
No transactions were carried out during the year with members of
the Supervisory Board or Management Board.
Compensation and benefi ts paid to the Group’s top senior executives
are described in note27.3.