28.3 Staff expenses by type of benefits (44.3)

For reporting of staff expenses by type of benefits, the following definitions shall be used:

(a) ‘Pension and similar expenses’ shall include the amount recognised in the period as staff expenses for any post-employment benefit obligations (both defined contribution plans and defined benefit plans), including post-employment-related contributions to social security funds (pension funds) maintained by the government or social security entities;

(b) ‘Share based payments’ shall include the amount recognised in the reference period as staff expenses for share based payments;

(c) ‘Wages and salaries’ shall include the remuneration of the institution’s employees for their labour or services, but shall exclude severance payments and remuneration in the form of share-based items which shall be reported in separate items;

(d) ‘Social security contributions’ shall include contributions to social security funds, amounts paid to the government or to social security entities in order to receive a future social benefit, but shall exclude post-employment-related contributions to social security funds in terms of pensions (contributions to pension funds);

(e) ‘Severance payments’ shall mean payments relating to the early termination of a contract and shall include termination benefits as defined in IAS 19.8;

(f) ‘Other types of staff expenses’ shall include staff expenses that cannot be allocated to any of the categories above.