4.1. Staff costs
|
|
2024 |
|
2023 |
|---|---|---|---|---|
Wages and salaries |
|
29,388 |
|
28,273 |
Social security |
|
5,132 |
|
4,788 |
Employee benefits |
|
27,216 |
|
32,117 |
Other staff costs |
|
8,044 |
|
10,107 |
Total |
|
69,780 |
|
75,285 |
Other staff costs include labour accident insurance, social responsibility costs, training costs, and indemnities, among others.
The number of employees at the end of 2024 was 402 (372 in 2023). The average number of employees during the year was 382 (341 in 2023).
4.2. Employees benefits
Amounts of employee benefits in the balance sheet:
|
|
2024 |
|
2023 |
|---|---|---|---|---|
Retirement benefits – Defined benefit plan paid for by the Company |
|
10,204 |
|
10,357 |
Seniority awards – Defined benefit plan |
|
1,206 |
|
1,082 |
Total |
|
11,410 |
|
11,439 |
Amounts recognised in the income statement in staff costs and remeasurements reflected in other comprehensive income:
|
|
Income statement |
|
Other comprehensive income |
||||
|---|---|---|---|---|---|---|---|---|
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Retirement benefits – Defined contribution plan |
|
1,744 |
|
1,628 |
|
– |
|
– |
Retirement benefits – Defined benefit plan paid for by the Company |
|
364 |
|
315 |
|
1,127 |
|
1,257 |
Seniority awards – Defined benefit plan |
|
191 |
|
211 |
|
– |
|
– |
Post-employment compensation – Defined contribution plan |
|
24,917 |
|
29,963 |
|
– |
|
– |
Total |
|
27,216 |
|
32,117 |
|
1,127 |
|
1,257 |
The changes in each plan are detailed below:
|
|
Defined contribution plans for active employees |
|
Defined benefit plans for former employees |
|
Other comprehensive income |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
|
2024 |
|
2023 |
Balance as at 1 January |
|
– |
|
– |
|
10,357 |
|
10,241 |
|
1,082 |
|
967 |
Interest costs |
|
– |
|
– |
|
364 |
|
315 |
|
45 |
|
34 |
Current service cost |
|
26,661 |
|
31,591 |
|
– |
|
– |
|
117 |
|
115 |
Actuarial (gains) losses |
|
|
|
|
|
|
|
|
|
|
|
|
Changes in financial assumptions |
|
– |
|
– |
|
(248) |
|
(301) |
|
41 |
|
(33) |
Changes in experience |
|
– |
|
– |
|
1,375 |
|
1,558 |
|
(12) |
|
95 |
Contributions or retirement pensions paid |
|
(26,661) |
|
(31,591) |
|
(1,644) |
|
(1,456) |
|
(67) |
|
(96) |
Balance as at 31 December |
|
– |
|
– |
|
10,204 |
|
10,357 |
|
1,206 |
|
1,082 |
Actuarial assumptions used in the calculation of the responsibilities for defined benefit plans and other long-term benefits:
|
|
2024 |
|
2023 |
|---|---|---|---|---|
Mortality table |
|
TV 88/90 |
|
TV 88/90 |
Discount rate |
|
3.25% |
|
3.80% |
Pension growth rate |
|
3.00% |
|
4.00% |
Salaries growth rate |
|
|
|
|
short term |
|
2.00% |
|
4.00% |
long term |
|
3.00% |
|
3.00% |
The mortality assumptions used are those most commonly adopted in Portugal and are based on actuarial advice in accordance with published statistics. The sensitivity analyses made to the assumptions is stated in note 2.4.
4.3. Expected future payments
The expected maturity for the next ten years for the liabilities associated with defined benefit plans is as follows:
|
|
1 year |
|
1 to 5 years |
|
5 to 10 years |
|---|---|---|---|---|---|---|
Retirement benefits – Defined benefit plan paid for by the Company |
|
1,423 |
|
4,186 |
|
2,682 |
Seniority awards – Defined benefit plan |
|
105 |
|
390 |
|
688 |
Total |
|
1,528 |
|
4,576 |
|
3,370 |