Notes to the consolidated financial statements (continued)

Note 4 - Staff costs
EUR million 
2022
2021
Wages and salaries
-69.7
-66.4
Pension costs
-1.9
-1.3
Other social security costs
-5.5
-5.8
Total staff costs 
-77.1
-73.5
Remuneration to the Executive Board and fee to the Board of Directors (EUR thousand)
Executive Board
-1,747
Board of Directors
-167
Remuneration to the Executive Board and fee to the Board of Directors
-1,051
-1,914
For 2022, separate information on remuneration for the Executive Management and Board of Directors has been omitted in accordance with the exemption provision in the Danish Financial statements Act § 98 b, subsection 3.
Remuneration to the Executive Board for 2021 consisted of remuneration to the current Executive Board and former member of the Executive Board, including one-time severance payments to former member of the Executive Board in 2021.
Remuneration of the Executive Board consist of fixed monthly salary, pension contribution, car allowance and a variable short term bonus incentive. 
 
2022
2021
Number of full-time employee equivalents (FTEs)
1,022
1,028
Accounting policies
Staff costs comprise wages and salaries as well as payroll expenses and other related expenses.
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