Unilever 2014 Annual Report Download - page 56

4 EMPLOYEES
4A STAFF AND MANAGEMENT COSTS
Staff costs
 mllon
2014
 mllon
2013
 mllon
2012
Wages and salares (4,992) (5,002) (5,133)
Socal securty costs (586) (631) (659)
Other penson costs (288) (333) (358)
Share-based compensaton costs (188) (228) (153)
(6,054) (6,194) (6,303)
Average number of employees durng the year
’000
2014
’000
2013
’000
2012
Asa/AMET/RUB 99 97 94
The Amercas 42 43 43
Europe 32 34 35
173 174 172
Key management compensaton
 mllon
2014
 mllon
2013
 mllon
2012
Salares and short-term employee benefts (28) (30) (28)
Non-Executve Drectors’ fees (2) (2) (2)
Post-employment benefts (1) (1) (2)
Share-based benefts (19) (17) (10)
(50) (50) (42)
Of whch
Executve Drectors (15) (15) (12)
Non-Executve Drectors (2) (2) (2)
Other(a) (33) (33) (28)
(50) (50) (42)
(a) Other ncludes all members of the Unlever Leadershp Executve other than Executve Drectors
Key management personnel are defned as the members of the Unlever Leadershp Executve (ULE) and the Non-Executve Drectors
Detals of the remuneraton of Drectors are gven n the parts noted as audted n the Drectors’ Remuneraton Report on pages 62 to 77
4B PENSIONS AND SIMILAR OBLIGATIONS
For defned beneft plans, operatng and fnance costs are recognsed separately n the ncome statement The amount charged to
operatng cost n the ncome statement s the cost of accrung penson benefts promsed to employees over the year, plus the costs
of ndvdual events such as past servce beneft changes, settlements and curtalments (such events are recognsed mmedately n
the ncome statement) The amount charged or credted to fnance costs s a net nterest expense calculated by applyng the lablty
dscount rate to the net defned beneft lablty or asset Any dfferences between the expected nterest on assets and the return
actually acheved, and any changes n the labltes over the year due to changes n assumptons or experence wthn the plans, are
recognsed mmedately n the statement of comprehensve ncome
The defned beneft plan surplus or defct on the balance sheet comprses the total for each plan of the far value of plan assets less
the present value of the defned beneft labltes (usng a dscount rate based on hgh qualty corporate bonds, or a sutable alternatve
where there s no actve corporate bond market)
All defned beneft plans are subect to regular actuaral revew usng the proected unt method, ether by external consultants or by
actuares employed by Unlever The roup polcy s that the most mportant plans, representng approxmately 84% of the defned
beneft labltes, are formally valued every year Other maor plans, accountng for a further 13% of the labltes, have ther
labltes updated each year roup polcy for the remanng plans requres a full actuaral valuaton at least every three years
Asset values for all plans are updated every year
For defned contrbuton plans, the charges to the ncome statement are the company contrbutons payable, as the company’s
oblgaton s lmted to the contrbutons pad nto the plans The assets and labltes of such plans are not ncluded n the balance
sheet of the roup
93Unilever Annual Report and Accounts 2014 Financial statements