APC 2014 Annual Report Download - page 238

5CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Employees Note27
27.1 – Employees
The average number of permanent and temporary employees was as follows in2013 and 2014:
(number of employees) Dec. 31,2014 Dec. 31,2013
Production 95,213 81,712
Administration 90,752 81,321
TOTAL AVERAGE NUMBER OF EMPLOYEES 185,965 163,033
By region:
EMEAS* 85,415 78,695
North America 34,940 30,980
Asia-Pacific 65,610 53,358
Europe, Middle-East, Africa, SouthAmerica.*
The increase in the average number of employees is primarily linked to the 2014 acquisitions.
27.2 – Employee benefits expense
Full year 2014 Full year 2013
Payroll costs (6,203) (5,976)
Profit-sharing and incentive bonuses (57) (64)
Stock options (86) (66)
WESOP - -
EMPLOYEE BENEFITS EXPENSE (6,346) (6,106)
27.3 – Benefits granted to senior executives
shares were allocated due to the 2014 the long term incentive
plan. Since December16, 2011, 100% of performance shares
In 2014, the Group paid EUR1.26million in attendance fees to the and/or stock options are conditional on the achievement of
members of its board of directors. The total amount of gross performance criteria for members of the Executive Committee.
remuneration, including benefits in kind, paid in 2014 by the Pension obligations net of assets with respect to members of
Group to the members of Senior Management, excluding Senior Management amounted to EUR36million at December31,
executive directors, totaled EUR15.5million, of which 2014 versus EUR21million at December31, 2013.
EUR5.8million corresponded to the variable portion.
Please refer to Chapter3 Section8 of the registration document
During the last three periods, 473.000 performance shares have for more information regarding the members of Senior
been allocated to members of Senior Management, excluding Management.
executive officers. No stock option has been granted to members
of Senior Management during the last three periods. Performance
Related party transactions Note28
28.1 – Associates 28.2 – Related parties with significant influence
Companies over which the Group has significant influence are No transactions were carried out during the year with members of
accounted through equity consolidation method. Transactions with the supervisory board or management board.
these related parties are carried out on arm’s length terms. Compensation and benefits paid to the Group’s top senior
Related party transactions were not material in2014. executives are described in note27.3.
236 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC