Financials / Notes to the Consolidated Financial Statements
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23. Personnel costs
Personnel costs for the years ended December 31, 2012 and 2011 comprise of the following:
| 2012 | 2011 | |
|---|---|---|
Wages and salaries |
39,341 |
37,809 |
Stock appreciation rights (SAR) |
2,028 |
2,494 |
Other costs |
4,888 |
3,199 |
Total employee costs |
46,257 |
43,502 |
Social security contributions (social taxes) |
8,598 |
7,927 |
Total employee costs (with social taxes) |
54,855 |
51,429 |