6. Personnel expenses
x € 1 million | 2023 | 2022 |
|---|---|---|
Salaries | 312 | 279 |
Social security contributions | 39 | 34 |
Pension contributions | 42 | 41 |
External staff | 125 | 95 |
Other personnel costs | 19 | 17 |
Total | 537 | 466 |
Personnel expenses increased by € 71 million compared to the previous year.
The main reason for this increase is higher salaries due to collective labour agreement increases and a higher number of employees. In addition, the costs of external staff have increased as a result of higher rates and a higher number of external employees.
With effect from the financial statements 2023, the costs of hiring in external workers are presented gross. Hours worked by externally hired staff which are allocated directly to own investment projects are deducted from the total operating expenses as part of capitalised own production. This amounts to € 23 million (2022: € 13 million). The comparative figures have been adjusted accordingly. See also 9 Capitalised own production.
Own staff personal budget costs were previously partly recognised as part of other personnel expenses. With effect from the 2023 financial statements, these costs are fully accounted for as part of salary costs. The comparative figures have been adjusted by € 22 million.
6.2 Remuneration of Board of Management and Supervisory Board members
These notes contain the information prescribed by Part 9 of Book 2 of the Dutch Civil Code and IAS 24 on the remuneration of Board of Management and Supervisory Board members. Information on WNT compliance by Stedin Netbeheer B.V. will be published at a later date, pending clarity on the Audit Protocol WNT 2023. The members of the Board of Management and Supervisory Board qualify as ‘key management’ within the meaning of IAS 24.
6.2.1 Remuneration of the Board of Management
The members of the Stedin Group Board of Management are all employed by Stedin Groep Personeels B.V. The Board of Management members are employed on a full-time basis (1.0 FTE) and perform work for the various group entities, in particular Stedin Netbeheer B.V.
Data for 2023 x € 1 | Koen Bogers | Danny Benima | Trudy Onland | David Peters |
|---|---|---|---|---|
Position details | CEO | CFO | COO | CTO |
Remuneration | ||||
Remuneration plus taxed expense allowances | 217,377 | 214,823 | 211,084 | 215,542 |
Remuneration payable in future | 22,920 | 22,909 | 22,892 | 22,912 |
Total remuneration | 240,297 | 237,732 | 233,976 | 238,454 |
Data for 2022 | ||||
Remuneration | ||||
Remuneration plus taxed expense allowances | 225,409 | 225,395 | 225,398 | 224,944 |
Remuneration payable in future | 28,916 | 28,290 | 27,813 | 27,172 |
Total remuneration | 254,325 | 253,685 | 253,211 | 252,116 |
6.2.2 Remuneration of the Supervisory Board
The composition of the Supervisory Board was unchanged in 2023. The chair and four other members of the Supervisory Board serve in this role on a basis other than an employment contract.
x € 1 | Doede Vierstra | Hanne Buis | Theo Eysink | Arco Groothedde | Annie Krist |
|---|---|---|---|---|---|
Position details | Chairman | Member | Member | Member | Member |
Total remuneration | 33,450 | 22,300 | 22,300 | 22,300 | 22,300 |
Data for 2022 | |||||
Position details | Chairman | Member | Member | Member | Member |
Total remuneration | 32,400 | 21,600 | 21,600 | 21,600 | 21,600 |
An explanation of the remuneration of other executives employed by Stedin Group can be found in the Remuneration report for 2023.
