NEOPOST_REGISTRATION_DOCUMENT_2017

5

Financial statements

Consolidated financial statements

Note 9

Headcount and employee benefits

Headcount 9-1: The geographical breakdown of employees on fixed-term and permanent contracts at the end of the period, excluding employees on long-term leave, is as follows:

United Kingdom Netherlands Rest of the world

France

North America

Total

31 January 2018

1,413

1,687

771

315

1,670

5,856

31 January 2017

1,450

1,744

832

323

1,702

6,051

The breakdown of employees on fixed-term and permanent contracts at the end of the period, excluding employees on long-term leave, by type of activity is as follows:

Research & development

Sales

Services Manufacturing

Leasing Administration

Total

31 January 2018

1,779

1,422

629

806

67

1,153

5,856

31 January 2017

1,888

1,464

654

773

65

1,207

6,051

At 31 January 2018, the Group had 185 temporary staff compared with 145 at 31 January 2017.

9-2:

Employee benefits

Employee benefits are measured in accordance with IAS 19. They comprise short-term benefits, long-term benefits and post-employment benefits. Group employees are entitled to short-term benefits such as paid vacation, paid sick leave, bonuses and other benefits (other than termination benefits), payable within twelve months of the end of the period in which the corresponding services are rendered by employees. These benefits are recorded in current liabilities and expenses of

the period in which the service is rendered by the employee. Long-term benefits (during employment), payable before the employee’s departure, correspond primarily to long-service bonuses. Post-employment benefits are paid when the employee retires and include retirement bonuses, supplementary pension benefits and coverage of certain medical costs for retired employees and employees on early retirement.

31 January 2018

31 January 2017

Wages and salaries, bonus and commissions

350.4

359.7

Social costs

93.2

92.6

Share-based payments

(0.6)

0.4

Pension expenses under defined contribution plans

0.4

0.8

TOTAL

443.4

453.5

134

REGISTRATION DOCUMENT 2017 / NEOPOST