7 EMPLOYEE BENEFITS AND OTHER REMUNERATION 7.1 BREAKDOWN OF PERSONNEL COSTS (in thousands of euros) 31/12/2023 31/12/2022 Wages and salaries 46,626 43,104 Contribution to pension schemes (defined contribution plans) 6,985 6,569 Contribution to pension schemes (defined benefit plans) 0 0 Other social security charges 9,413 8,119 Profit-sharing and incentive schemes 1,468 973 Taxes on remuneration 55 42 Total staff costs 64,547 58,807 Including retirement benefits of €3,580,000 at 31 December 2023 compared with €3,364,000 at 31 December 2022. Including long-service awards of €1,129,000 at 31 December 2023 compared with €1,056,000 at 31 December 2022. 7.2 AVERAGE HEADCOUNT FOR THE PERIOD Average headcount 31/12/2023 31/12/2022 Monaco 363 361 Foreign 5 4 Total 368 365 7.3 RETIREMENT BENEFITS – DEFINED CONTRIBUTION PLANS There are various compulsory pension schemes to which companies as “employers” contribute. The funds are managed by independent organisations and the contributing companies have no legal or constructive obligation to pay additional contributions if the funds have insufficient assets to cover all benefits corresponding to services rendered by employees during the year and in previous years. As a result, CFM Indosuez Wealth entities have no liability in this regard other than the contributions payable. 7.4 RETIREMENT BENEFITS – DEFINED BENEFIT PLANS Change in actuarial liability 31/12/2023 31/12/2022 (in thousands of euros) Euro zone Outside the euro zone All areas All areas Actuarial debt at 31/12 in year N-1 3,441 3,441 3,807 Foreign exchange adjustments 0 0 0 Cost of services rendered over the fiscal year 201 201 230 Financial cost 88 88 32 Employee contributions 0 0 0 Amendments, reductions and wind-ups 0 0 0 Changes in scope 0 0 0 Benefits paid (compulsory) -39 -39 -106 Taxes, administrative costs and premiums 0 0 0 Actuarial gains/(losses) - related to demographic assumptions (1) -33 -33 -516 Actuarial gains/(losses) - related to financial assumptions (1) 12 12 -6 Actuarial debt at end of year 3,670 0 3,670 3,441 (1) Including actuarial gains/losses related to experience adjustments CFM Indosuez Wealth Management 126
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