108• PARENTCOMPANY FINANCIAL STATEMENTS
PANDORAANNUAL REPORT2014
NOTES FOR THE
PARENT COMPANY
STAFFCOSTS
SHARE-BASED PAYMENTSAND EMPLOYEE SHARES
The share optionprogramme described in note 2.4 to the
consolidated financial statements is issuedby PANDORA
A/S.The value of share options granted to employees
in the Parent Company’s subsidiaries is recognised in
investments in subsidiaries. Of the total expense of DKK 71
million (2013: DKK 64million), DKK 33million relates to
subsidiaries (2013: DKK 29million).
2.1
2.2
DKKmillion
2014
2013
Wages and salaries
269
223
Pensions
11
9
Share-based payments
38
34
Social security costs
2
4
Other staff costs
32
17
Total staff costs
352
287
Staff costs have been recognised in the income statement as follows:
Sales, distribution andmarketing expenses
112
105
Administrative expenses
240
182
Total staff costs
352
287
Average number of employees during the year
250
268
Keymanagement personnel at PANDORAA/S represent the same persons as keymanagement personnel of the PANDORAGroup. For information regarding
compensation of keymanagement personnel of PANDORAA/S, see note 2.3 to the consolidated financial statements.
