Note 3 Employees and personnel expenses

Note 3 Employees and personnel expenses

Personnel expenses, SEKm 2013 2012
Wages, salaries and other remuneration 15 17
Statutory social costs 5 6
Pension expenses 4 5
Total 24 28

The parent company has three employees: the President & CEO, the Group CFO and the Head of Group Strategy. President & CEO Håkan Ericsson receives a monthly salary of SEK 745,000. The parent company also pays SEK 37,000 per month for occupational pension insurance and SEK 185,667 for endowment insurance to safeguard the pension liabilities.