Lenovo 2015 Annual Report Download - page 174
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172 Lenovo Group Limited 2014/15 Annual Report
NOTES TO THE FINANCIAL STATEMENTS
10 EMPLOYEE BENEFIT COSTS
2015 2014
US$’000 US$’000
Wages and salaries 2,627,764 1,868,018
Social security costs 206,436 152,371
Long-term incentive awards granted (Note 29(a)) 99,062 80,274
Pension costs
– Defined contribution plans 158,236 129,813
– Defined benefit plans (Note 35) 22,630 21,799
Others 410,091 493,578
3,524,219 2,745,853
The Group contributes to respective local municipal government retirement schemes which are available to all qualified
employees in the Chinese Mainland. Contributions to these schemes are calculated with reference to the monthly average
salaries as set out by the local municipal government.
The Group participates in various defined contribution schemes, either voluntary or mandatory, for all qualified employees.
The assets of those defined contribution schemes are held separately from those of the Group in independently administered
funds.
The Group also contributes to certain defined benefit pension schemes, details of which are set out in Note 35.
11 EMOLUMENTS OF DIRECTORS AND HIGHEST PAID INDIVIDUALS
(a) Directors’ and senior management’s emoluments
Directors’ emoluments comprise payments by the Group to directors of the Company in connection with the
management of the affairs of the Company and its subsidiaries. The remuneration of each director and the chief
executive who is also a director, for the years ended March 31, 2015 and 2014 is set out below:
2015
Name of Director Fees Salaries
Discretionary
bonuses
(note i)
Long-term
incentive
awards
(note ii)
Retirement
payments
and
employer’s
contribution
to pension
schemes
Housing
allowance
Other
benefits-
in-kind Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Executive director
Mr. Yang Yuanqing (CEO) –1,338 5,740 11,921 134 286 22 19,441
Non-executive directors
Mr. Zhu Linan 88 – – 193 –––281
Mr. Zhao John Huan 88 – – 190 –––278
Independent non-executive directors
Mr. William O. Grabe 123 – – 193 – – – 316
Mr. Ting Lee Sen 88 – – 193 – – – 281
Dr. Tian Suning 88 – – 193 – – – 281
Mr. Nicholas C. Allen 115 – – 193 – – – 308
Ms. Ma Xuezheng 108 – – 193 –––301
Mr. Nobuyuki Idei 88 – – 191 –––279
Mr. William Tudor Brown 88 – – 163 –––251
Mr. Yang Chih-Yuan Jerry 72 – – 108 –––180
946 1,338 5,740 13,731 134 286 22 22,197