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NOTE 8

Staff cost, number of personnel and management compensation

€ million 2011 2010
Wages, salaries and fees -473.2 -451.0
Social security costs -45.7 -41.0
Pension costs -45.4 -23.5
Defined benefit plans 14.5 32.0
Defined contribution plans -59.9 -55.5
Share-based payments -6.3 -5.0
Total -570.5 -520.6

During the financial year 2010, the management of the statutory pension provision and related insurance portfolio of the Kesko Group employees was partly transferred from the Kesko Pension Fund to an authorised pension insurance company. Pensions are disclosed in more detail in note 20.

Disclosures on compensation paid to the Group’s management for employee services, and other related party transactions are disclosed in note 40, and on share-based payment in note 35.

Remuneration of the Group companies’ managing directors
and board members

€ million 2011 2010
Salaries of managing directors
(incl. fringe benefits)
6.2 5.5
Board member remuneration 0.5 0.4
Total 6.7 5.9
     

Average number of the Group personnel

  2011 2010
Food trade 2,706 2,881
Home and speciality goods trade 5,754 5,418
Building and home improvement trade 8,874 8,379
Car and machinery trade 1,206 1,138
Others 420 399
Total 18,960 18,215