Arrow scroll

Note 8 – Employee benefits, etc.

 20202019
Salaries and other benefits97,98567,211
Social security contributions28,31624,106
Pension costs – defined-contribution plans9,9288,797
Total employee benefits136,229100,114

Salaries, other remuneration and social security expenses20202019
 Salaries andSocial securitySalaries andSocial security
 remunerationexpensesremunerationexpenses
Board members, CEO and other senior executives23,8315,84012,3544,315
(of which, bonuses)0 0 
(of which, pension costs) 1,931 1,841
Other employees74,15432,40454,85728,589
(of which, pension costs) 7,997 6,956
Group total97,98538,24467,21132,903

Average number of employees and geographic distribution by country20202019
  Of whom men Of whom men
Sweden13181%10180%
China475%475%
Group total13580%10584%
Gender distribution in the Group (incl. subsidiaries) among Board members and other senior executives20202019
  Percentage of women Percentage of women
Board members813%813%
CEO and other senior executives714%90%
Group total813%96%

Senior executives’ remuneration2020
 Basic salary/VariableOtherPensionOther 
kSEKBoard feesremunerationbenefitsexpenseremunerationTotal
Chairman of the Board, Bo Dankis5000000500
Member of the Board, Bertil Villard1500000150
Member of the Board, Hicham Bouzekri1500000150
Member of the Board, Kent Janér1500000150
Member of the Board, Lars Thunell1500000150
Member of the Board, Mattias Bergman1500000150
Member of the Board, Pär Nuder1500000150
Member of the Board, Sigrun Hjelmqvist1500000150
CEO Jonas Eklind2,52896006682,4306,586
Other senior executives (6 persons)7,1542,08401,2637,12517,626
Group total11,2323,04401,9319,55525,762

CEO and senior executives

In addition to a fixed monthly salary, the CEO and senior executives receive variable remuneration if set earnings targets are achieved. The remuneration is determined by the Board of Directors. During the financial year, variable remuneration amounted to KSEK 960 (0) to the CEO and KSEK 2,084 (0) to other senior executives. Other remuneration is paid as remuneration for the acquisition of warrants.

The contract between the company and the CEO is terminable subject to six months’ notice by either party. If employment is terminated by the company, the CEO is also entitled to six months’ severance pay. No agreements have been reached concerning severance pay to other employees.

Board of Directors

According to a resolution adopted by the Annual General Meeting on 14 May 2020, Board fees for the period through the next Annual General Meeting are payable in a total amount of KSEK 1,550, of which KSEK 500 to the Chairman of the Board and KSEK 150 to each of the other members who are not company employees.

Other remuneration to each of the members of the Finance Committee who are not employees of the company is kSEK 50 and to each of the members of the Remuneration Committee who are not employees of the company kSEK 30.

Senior executives’ remuneration2019
 Basic salary,VariableOtherPensionOther 
kSEKBoard feesremunerationbenefitsexpenseremunerationTotal
Chairman of the Board, Bo Dankis5000000500
Member of the Board, Bertil Villard1500000150
Member of the Board, Christopher Beaufait1500000150
Member of the Board, Hicham Bouzekri1500000150
Member of the Board, Kent Janér1500000150
Member of the Board, Lars Thunell75000075
Member of the Board, Mattias Bergman1500000150
Member of the Board, Pär Nuder1500000150
Member of the Board, Sigrun Hjelmqvist63000063
CEO Jonas Eklind1,5850043402,019
Other senior executives (8 persons)9,231001,407010,638
Group total12,354001,841014,195