Note 3 Payroll, fees, no. of employees etc.

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A B C D E F G H I J
Note 3 Payroll, fees, no. of employees etc.              
                   
Amounts in NOK 1000       Note 2016 2015      
Wages and salaries         26 568 20 170      
Social security costs         4 503 3 388      
Shares options for directors and key personnel       4 21 712 3 819      
Pension costs – defined contribution scheme         1 308 1 702      
Other personnel costs         1 700 889      
Total         55 791 29 968      
                   
Average number of employees         19 20      
                   
The Company has a pension scheme covering all employees at 31.12.2016. The pension scheme is funded and managed through an insurance company.                  
                   
The board’s guidelines and principles for the determination of salary and other remuneration to the management group are included in the financial statements for the group.
                   
The accumulated cost of salaries, pensions and other benefits to senior employees and board members in 2016 were as follows:      
Remuneration to senior employees in 2016 (TNOK) Salary Bonus Accumulated, not yet paid Options exercised during year Other benefits Total      
Andreas Kvame (CEO) 2 348   733 2 400 24 5 505      
Atle Harald Sandtorv (CFO) 1 683   505 2 387 45 4 621      
Knut Utheim (COO) 1 659   276 2 288 39 4 261      
Kathleen O. Mathisen (CHRO as from May 1, 2016) 810   286 0 15 1 111      
Total remuneration incl. social security costs 6 501 0 1 800 7 075 123 15 499      
                   
                   
Remuneration to board members in 2016 (TNOK)                  
Per Grieg jr. 1)           405      
Wenche Kjølås 2)           245      
Karin Bing-Orgland 2)           245      
Asbjørn Reinkind 1)           274      
Ola Braanaas 1)           222      
Total remuneration incl. social security costs           1 392      
                   
1) The payment for work done in the remuneration committee is included in the remuneration to Per Grieg jr., to Asbjørn Reinkind, and to Ola Braanaas with NOK 11 419 each.
2) The payment for work done in the audit committee is included in the remuneration to Wenche Kjølås, and to Karin Bing-Orgland with NOK 34 230 each. The amounts include social security costs.
     
     
     
     
                   
The accumulated cost of salaries, pensions and other benefits to the CEO, CFO, COO and board members in 2015 were as follows:      
Remuneration to senior employees in 2015 (TNOK) Salary Bonus Accumulated, not yet paid*) Options exercised during year Other benefits Total      
Andreas Kvame (CEO as from 01.06.2015) 1 369 456 0 0 9 1 834      
Morten Vike (resigned as CEO 17.10.2014) 4 414 0 2 891 928 104 8 337      
Atle Harald Sandtorv (CFO) 1 988 119 0 0 146 2 253      
Knut Utheim (COO as from 01.04.2014) 1 701 89 0 0 139 1 929      
Total remuneration incl. social security costs           14 353      
*) The amount consists of accumulated, not paid benefits to former CEO                  
                   
Board members                  
Per Grieg jr. 1)           405      
Wenche Kjølås 2)           245      
Karin Bing-Orgland           245      
Asbjørn Reinkind 1)           274      
Ola Braanaas           222      
                   
Total remuneration incl. social security costs           1 392      
                   
1) The payment for work done in the remuneration committee is included in the remuneration to Per Grieg jr. with NOK 11 410, to Asbjørn Reinkind with NOK 11 410 and to Ola Braanaas with NOK 11 410.
2) The payment for work done in the audit committee is included in the remuneration to Wenche Kjølås with NOK 34 230 and to Karin Bing-Orgland with NOK 34 230. The amounts include social security costs.
     
     
     
     
                   
Specification of auditor´s fee       2016 2015        
Statutory audit       958 910        
Tax advisory fee       99 90        
Other services       6 129        
Total       1 062 1 129        
                   
                   
                   
                   
                   
                   
                   
                   

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