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28.     Personnel expenses

 

The personnel expenses can be broken down as follows:

 


( x EUR 1,000 )

2008

2007

 

Salaries

43,551

34,736

Social security contributions

2,761

2,950

Pension charges

5,417

4,315

Other personnel expenses

3,441

2,085

Addition to the personnel provision

463

54

Capitalised costs for tangible fixed assets

-/- 8,384

-/- 5,399

 

 47,249


 38,741

 

 

 

In 2008, the average workforce amounted to 626 FTEs (2007: 515 FTEs), of whom 584 FTEs were employed in the Netherlands (2007: 473 FTEs). TenneT took over approx. 140 FTEs from Enexis B.V. as of 1 October 2008.


Remuneration of members of the Board of Management and Supervisory Board

The remuneration paid to members of the Board of Management and Supervisory Board by the company is summarised below.

 

The remuneration paid to members of the Board of Management and Supervisory Board relates to the activities performed for TenneT Holding B.V. and TenneT TSO B.V. collectively.

 

( x EUR 1,000 )

 

Fixed

remuneration

Variable

remuneration

Pension

contributions

Total

 

Total

2008

690

147

175

1,012

 

2007

298

55

104

457

 

 

(B.G.M. Voorhorst MBA since 1 December 2007, W.A. Keus since 1 February 2008)

The variable remuneration depends on the attainment of targets during the year under review.

 

Remuneration paid to members of the Board of Management in respect of supervisory directorships in affiliated entities accrues to the company.

The remuneration of the company’s supervisory directors is indexed annually for inflation and was as follows in the year under review:

 

( x EUR 1,000 )

Fixed remu-

neration

Committee

fee

Total
2008

Fixed remu-

neration

Committee

fee

Total
2007

 

Total

97

16

113

94

16

110

 

 

 

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