APC 2012 Annual Report Download - page 218

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC216
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note27 Employees
27.1 – Employees
The average number of permanent and temporary employees was as follows in2011 and 2012:
(number of employees) Dec.31, 2012 Dec.31, 2011
Production 75,601 70,610
Administration 76,783 69,881
TOTAL AVERAGE NUMBER OF EMPLOYEES 152,384 140,491
By region:
EMEAS* 71,737 68,392
North America 29,286 27,245
Asia-Pacifi c 51,361 44,854
* Europe, Middle-East, Africa, SouthAmerica.
The increase in the average number of employees is primarily linked to the 2012 acquisitions.
27.2 – Employee benefits expense
Full year 2012 Full year 2011
Payroll costs (5,924) (5,362)
Profi t-sharing and incentive bonuses (59) (70)
Stock options (57) (51)
WESOP - (9)
EMPLOYEE BENEFITS EXPENSE (6,040) (5,492)
27.3 – Benefits granted to senior executives
In 2012, the Group paid EUR0.80 million in attendance fees to
the members of its Supervisory Board. The total amount of gross
remuneration, including benefi ts in kind, paid in2012 by the Group
to the members of Senior Management excluding members
of the Management Board totaled EUR12.7 million, of which
EUR5.4million corresponded to the variable portion.
During the last three periods, 409,750performance shares have
been allocated to members of Senior Management. No stock
option has been granted to members of Senior Management
since2009. No performance shares were allocated in2012. Since
December16, 2011, 100% of stock grants and/or stock options
are conditional on the achievement of performance criteria for
members of the Executive Committee.
Pension obligations net of assets with respect to members of
Senior Management amounted to EUR17million at December31,
2012 versus EUR76million at December31, 2011.
Please refer to Chapter3 Section8 of the Registration Document for
more information regarding the members of Senior Management.