Note 20 - Personnel expenses

For detailed information on emoluments to top management 2023, please see The executive pay report published on smn.no

Parent Bank   Group
2022 2023 (NOK million) 2023 2022
568 722 Wages 1,455 1,227
54 67 Pension costs (Note 25) 117 99
39 60 Social costs 119 81
661 849 Total personnel expenses 1,691 1,406
         
675 776 Average number of employees 1,618 1,549
664 798 Number of man-labour years as at 31 December 1,545 1,432
688 863 Number of employees as at 31 December 1,737 1,498
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Remuneration of Directors
(thousands of NOK)                
Name of director, position     Extra-
ordinary items3)		 Pension expense4) Total re-muneration Loan5) No. Of
equity
capital
certificates6)
Year Fixed remuneration
Base salary1) Fringe benefits2)
Jan-Frode Janson, Group CEO 2023 5,300 317   1,241 6,859 - 49,166
2022 5,078 295   1,229 6,601 1 45,805
Trond Søraas, Executive director - Finance and Strategy 2023 2,387 193 100 314 2,994 3,323 10,267
2022 1,891 292 150 278 2,611 3,942 10,000
Nelly Maske, Executive director - Retail Banking 2023 2,797 204   382 3,383 5,898 21,876
2022 2,680 204 100 374 3,358 3,927 21,783
Vegard Helland, Executive director - Corporate Banking 2023 2,927 193   355 3,475 100 36,202
2022 2,786 190 150 348 3,473 551 35,842
Stig Brautaset, Executive director - Sunnmøre og Fjordane regions7) 2023 1,771 144   435 2,351 - 1,407
2022       -      
Astrid Undheim, Executive director - Technology and Development 2023 2,385 220   362 2,968 5,787 744
2022 2,285 177 100 216 2,778 6,666 384
Ola Neråsen, Executive director - Risk Management 2023 2,439 171   274 2,884 - 43,764
2022 2,280 181   272 2,733 120 43,404
Rolf Jarle Brøske, Executive director - Communications and Brand 2023 2,281 208 150 274 2,912 9,771 15,713
2022 2,175 195   276 2,646 9,629 10,853
Arne Nypan, CEO SpareBank 1 Regnskapshuset SMN8) 2023 2,594 235   254 3,083 4,903 33,948
2022 2,434 299   252 2,984 10,559 29,958
Kjetil Reinsberg, CEO EiendomsMegler 1 Midt-Norge9)  2023 3,076 468   391 3,934 10,995 29,141
2022 3,114 429   378 3,921 5,138 16,358
Kjell Fordal, Executive director - Finance and Strategy10) 2023       - -    
2022 2,086 119   117 2,322 12,525 221,753

1) None of the directors receive variable remuneration, only fixed remuneration. Fixed remuneration equals base salary, salary for vacation, deduction from salary for vacation, pension compenasation,
additional pension, tax compenasation for 12G-pension and other fixed additions.
2) Fringe benefits includes compensation for electronic communications, fixed car allowance, company car, mileage allowance, accident-/ treatment-/ occupational-/other injury-/ 
travel and group life insurance, as well as the benefit of low-interest loans. Additionally, this includes reported benefits for issued equity certificates at a discount in a voluntary saving plan which senior employees participate
on the same conditions as all the employees. 
3) Extraordinary items is paid out in special cases to senior employees who have had an extraordinary workload
4) Pension expense inkludes occupational pension and pension account for salaries over 12G
5) Loan includes loan to directors and loan to their related persons. All directors has the same loan conditions as all the employees. 
6) Number of equity capital sertificates also inkludes certificates owned by related persons and companies in wich one has significant influence
7) Stig Brautaset was the CEO of SpareBank 1 Sunnmøre, which merged with SpareBank 1 SMN May 2nd 2023. After the merge he took up his position as
Executive director Sunnmøre and Fjordane regions. Pension expense is related to the comany-owned pension account for salaries over 12G and regular occupational pension.
8) Arne Nypan is CEO SpareBank 1 Regnskapshuset SMN (SB1 RH) - total remuneration and pension expense is related to SB1 RH
9) Kjetil Reinsberg is CEO EiendomsMegler 1 Midt-Norge (EM1) - total remunertaion and pension expense is retaled to EM1
10) Kjell Fordal resigned from his position 31.8.2022
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Emoluments to the Board of Directors
(thousands of NOK)              
Name Title Year Fee Fees to
nomination-/
audit-/ risk
and
remuneration
committee		 Other
benefits		 Loans
as of 31
December		 No. Of
equity
capital
certificates
Kjell Bjordal Board chairman 2023 595 40 19 - 130,000
2022 573 40 3 - 130,000
Christian Stav Deputy chair 2023 313 129 4 - 35,000
2022 301 120 - - 30,000
Mette Kamsvåg Board member 2023 273 134 15 3,951 5,600
2022 261 128 1 - 5,600
Tonje Eskeland Foss Board member 2023 273 47 11 12,606 -
2022 261 49 - - -
Kristian Sætre1) Board member 2023 206 20 1 1,421 -
Ingrid Finnboe Svendsen1) Board member 2023 206 106 - - 1,150
Morten Loktu Board member 2023 66 7 15 - 15,000
2022 261 27 - - 15,000
Freddy Aursø Board member 2023 273 20 64 - -
2022 261 23 - - -
Christina Straub Board member, employee representative2) 2023 273 - 925 5,620 1,083
2022 261 - 818 - 971
Inge Lindseth Board member, employee representative2) 2023 273 27 965 3,956 10,913
2022 261 27 916 - 7,353

1) Was selected in 2023
2) Other emoluments include salary in employment relationships
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Fees to the Supervicory Board
(thousands of NOK)    
Name Year Fee
Knut Solberg, Supervisory Board Chair 2023 95
2022 100
Other members 2023 270
2022 405
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Financial results

Annual report and notes

Downloads

© SpareBank 1 SMN