21. Employee expenses

Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

Employee expenses1 January – 31 December 20171 January – 31 December 2016
Payroll3,4712,117
Defined contribution plans, including:636407
- charges on salary568342
- 3rd pillar pension insurance, including costs of Employee Pension Plan contributions incurred in the period6765
Other163131
Total employee expenses4,2702,655

In 2016-2017, PZU, PZU Życie and PZU CO had third pillar pension plans for their employees, which were defined contribution plans. The employer additionally paid 7% of the gross salary amount as a contribution to these plans.

Employee expenses are recognized under “Claims and movement in technical provisions”, “Acquisition expenses”, “Administrative expenses” and “Other operating expenses” in the consolidated profit and loss account.

 

Facebook Twitter Google Plus All