3 PERSONNEL EXPENSES
|
(CHF 1,000) |
|
2019 |
|
2018 |
|
Wages and salaries |
|
162,632 |
|
158,551 |
|
Pension costs for defined benefit plans 1) |
|
19,898 |
|
21,617 |
|
Social security contributions |
|
14,559 |
|
14,326 |
|
Other personnel expenses and employee benefits |
|
19,242 |
|
16,989 |
|
Total personnel expenses |
|
216,331 |
|
211,483 |
|
Average number of employees (full-time positions) 2) |
|
1,833 |
|
1,735 |
|
Number of employees as at reporting date (full-time positions) 2) |
|
1,909 |
|
1,757 |
|
Personnel expense per full-time position as at 31 December |
|
113 |
|
120 |
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, 138 shares (2018: 140 shares) worth CHF 24,356 (2018: CHF 28,506) were handed out in this context.
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. 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 decision relating to the degree of achievement of the consolidated result is taken in the following financial year (grant date). Two thirds of the bonus is paid out in cash and one third in shares.
|
|
|
2019 |
|
2018 |
|
2018 1) |
|
Price per share 1) |
|
(Recipient) |
|
(CHF 1,000) |
|
(CHF 1,000) |
|
(Number of shares) |
|
(CHF) |
|
Members of the Management Board |
|
333 |
|
390 |
|
2,245 |
|
173.50 |
|
Other members of management |
|
667 |
|
772 |
|
4,429 |
|
173.50 |
|
Adjustment of bonus accrued in the previous year 2) |
|
–4 |
|
–36 |
|
|
|
|
|
Total |
|
996 |
|
1,126 |
|
6,674 |
|
|
1) Shares distributed in the 2019 financial year under the bonus programme for the Management Board and other members of management (number and price per share) for the 2018 financial year.
2) In the subsequent period, the accrued bonus is adjusted through personnel expenses on the basis of the actual degree of achievement of the relevant profit figure.
The equity-settled portion of the bonus for financial year 2019 was calculated and accounted for on the basis of the data available as at the reporting date regarding the degree of achievement of the consolidated result. The number of shares to be granted cannot yet be established precisely at the reporting date, as that number is determined based on the quoted price as at the payment date (mid-April 2020). If the shares had been granted as at year-end, a total of 5,662 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.
Option programme
No option programme exists at Flughafen Zürich AG.
