3 PERSONNEL EXPENSES
|
(CHF 1,000) |
|
2017 |
|
2016 |
|
Wages and salaries |
|
151,131 |
|
148,496 |
|
Pension costs for defined benefit plans 1) |
|
23,170 |
|
23,325 |
|
Social security contributions |
|
14,114 |
|
13,326 |
|
Other personnel expenses and employee benefits |
|
13,043 |
|
11,486 |
|
Total personnel expenses |
|
201,458 |
|
196,633 |
|
Average number of employees (full-time positions) 2) |
|
1,618 |
|
1,523 |
|
Number of employees as at reporting date (full-time positions) 2) |
|
1,713 |
|
1,523 |
|
Personnel expense per full-time position as at 31 December |
|
118 |
|
129 |
1) See note 22, Employee benefits.
2) Including employees of all subsidiaries.
Staff participation programme
Flughafen Zürich AG gives those employees who have completed their first year of service a one-off gift in the form of one share free of charge. In the reporting period, 151 shares (2016: 302 shares) worth CHF 33,644 (2016: CHF 49,055) were handed out.
Bonus programme for members of the Management Board and other members of management
The total annual remuneration awarded to members of the Management Board and other members of management comprises a fixed salary and a variable performance component (bonus), which is based on the consolidated result and, depending on the function level, the degree of achievement of personal objectives. The criterion for measuring the consolidated result is earnings before interest and tax (EBIT) excluding noise-related factors, or the difference between targeted and achieved EBIT (excluding noise-related factors). The assessment of the degree of achievement of personal objectives is based on the annual management by objectives process. In both cases, the decision for a given year is taken or confirmed in the following financial year (grant date). Two thirds of the performance component is paid out in cash and one third in shares. For detailed information on the remuneration of the members of the Management Board, please refer to the separate Remuneration Report.
|
|
|
2017 |
|
2016 |
|
2016 1) |
|
Price per share 1) |
|
(Recipient) |
|
(CHF 1,000) |
|
(CHF 1,000) |
|
(Number of shares) |
|
(CHF) |
|
Members of the Management Board |
|
401 |
|
424 |
|
1,960 |
|
216.00 |
|
Other members of management |
|
760 |
|
815 |
|
3,849 |
|
216.00 |
|
Adjustment of share price to market price in subsequent year 2) |
|
16 |
|
–38 |
|
|
|
|
|
Total |
|
1,177 |
|
1,201 |
|
5,809 |
|
216.00 |
1) Shares distributed in the 2017 financial year under the bonus programme for the Management Board and other members of management (number and price per share) for the 2016 financial year.
2) The value of the shares comprising the bonus for the 2016 financial year was CHF 15,550 higher in April 2017 (grant date) than the amount accrued for the bonus for the 2016 financial year as at year-end.
The bonus for financial year 2017 was estimated and accounted for on the basis of the data available as at the reporting date relating to the degree of achievement of the relevant consolidated result and personal objectives. The number of shares to be granted cannot be precisely calculated yet since the number depends on the share price at the grant date. If the shares had been granted as at year-end, a total of 5,208 shares would have been distributed.
Bonus programme for the Board of Directors
No bonus programme exists for members of the Board of Directors. Their remuneration comprises an annual lump sum plus payments for attending meetings (see the separate Remuneration Report).
Option programme
No option programme exists at Flughafen Zürich AG.
