Annual report 2019

20 Železiarne Podbrezová a.s.: ANNUAL REPORT 2019 Changes to Personnel Expenses (EUR ’000) ADDED VALUE & EXPENSES PER EMPLOYEE NUMBER OF EMPLOYEES (FTE) (1) Other expenses primarily comprise health centre and employee recovery expenses. 2015 2016 2017 2018 2019 Wages and salaries 37 885 36 897 42 831 48 697 49 735 Mandatory contributions from wages and salaries 12 590 12 098 14 763 16 613 17 160 Training, education 580 716 681 864 890 Protective equipment 363 399 526 501 504 Social fund – drawing 387 377 470 596 632 Other expenses (1) 197 210 224 253 206 Total 52 002 50 697 59 495 67 524 69 127 Expenses per employee 17 17 19 21 22 REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2019 AND INFORMATION ON THE BUSINESS PLAN