3 Personnel expenses
|
|
|
|
|
|
|
(CHF million) |
|
2023 |
|
2022 |
|
Wages and salaries |
|
173.3 |
|
150.5 |
|
Pension costs for defined benefit plans 1) |
|
13.8 |
|
19.7 |
|
Social security contributions |
|
14.7 |
|
14.1 |
|
Other personnel expenses and employee benefits |
|
18.1 |
|
12.7 |
|
Total personnel expenses |
|
220.0 |
|
196.9 |
|
Average number of employees (full-time equivalents) 2) |
|
1,910 |
|
1,790 |
|
Number of employees as at reporting date (full-time equivalents) 2) |
|
1,934 |
|
1,886 |
|
Personnel expense per full-time equivalents as at 31 December (in CHF) |
|
113,741 |
|
104,369 |
1) See note 22.1 a) Defined benefit plans
2) Excluding apprentices and trainees
In the previous year, short-time working compensation of CHF 12.0 million related to the coronavirus pandemic was offset against personnel expenses (wages and salaries).
Staff participation programme
Employees of Zurich Airport Ltd. who have completed their first year of service receive one share free of charge as a one-off payment in kind. In financial year 2023, 154 shares (previous year: 54 shares) worth CHF 27,121 (previous year: CHF 8,645) were handed out.
Variable remuneration 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 remuneration component, which is based on the consolidated result. EBIT according to financial planning (excluding the influence of aircraft noise) has been adopted as the target. The decision relating to the degree of achievement of the relevant target is taken in the following financial year (grant date). Two thirds of the variable remuneration is paid out to the members of the Management Board and members of the most senior management in cash and one third is paid out in shares.
The equity-settled portion of the bonus for financial year 2023 is 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.
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
2022 1) |
|
Price per share 1) |
|
(Recipient) |
|
(CHF) |
|
(CHF) |
|
(Number of shares) |
|
(CHF) |
|
Members of the Management Board |
|
563,635 |
|
633,757 |
|
2,939 |
|
170.70 |
|
Other members of management |
|
992,998 |
|
914,153 |
|
4,752 |
|
170.70 |
|
Adjustment of variable remuneration accrued in the previous year 2) |
|
–235,056 |
|
–326 |
|
|
|
|
|
Total |
|
1,321,577 |
|
1,547,584 |
|
7,691 |
|
|
1) Shares distributed in the 2023 financial year under the variable remuneration programme for the Management Board and other members of management (number and price per share) for the 2022 financial year
2) In the subsequent period, the accrued variable remuneration is adjusted through personnel expenses on the basis of the actual degree of achievement of the relevant profit figure.
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 (April 2024). If the shares had been granted as at year-end, a total of 8,865 shares would have been distributed.
Remuneration of the Board of Directors
The remuneration awarded to the Board of Directors comprises an annual lump sum plus payments for attending meetings.
Option programme
No option programme exists at the Zurich Airport Group.
