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22. Employee expenses

Annual Report 2018 > RESULTS 2018 > Supplementary Information and Notes > 22. Employee expenses
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  Employee expenses 1 January – 31 December 2018 1 January – 31 December 2017 (restated)
Payroll 4,127 3,459
Defined contribution plans, including: 743 636
- charges on salary 673 569
- 3rd pillar pension insurance, including costs of Employee Pension Plan contributions incurred in the period 70 67
Other 239 163
Total employee expenses 5,109 4,258

In 2017-2018, 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.

     

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