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8. Staff costs

2013

2012

Wages and salaries

1,152.4

1,026.4

Pension costs

217.6

162.7

Social security costs

53.9

52.7

Total staff costs

1,423.9

1,241.8

Pension costs include:

  • compulsory payments to the Pension Fund of the RF,
  • contributions to a non-government pension fund under a defined contribution pension plan under which the Group makes additional pension contributions as a fixed percentage (20% in 2013, 15% to 20% in 2012) of the transfers made personally by the employees participating in the programme, and
  • an increase in the net present value of the future benefits which the Group expects to pay to its employees upon their retirement under a defined benefit pension plan as follows:

2013

2012

Payments to the Pension Fund of the RF

215.6

159.4

Defined contribution pension plan

1.4

0.3

Defined benefit pension plan

0.6

3.0

Total pension costs

217.6

162.7

Notes in Consolidated Statements:

Consolidated Statement of Profit or Loss

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