Integrated
Report 2022

35.4. Remuneration of the Group key management staff

The Group key management staff include: members of the Supervisory Board and members of the Management Board of the parent company.

Management Board: 2022 2021
Basic remuneration at the parent company* 2,978 2,680
Variable remuneration at the parent company** 7,124 6,442
In kind benefits**** 18 18
Total remuneration of the Management Board at Grupa Kęty S.A. 10,120 9,140
Remuneration at other Group companies*** 1,396 1,254
Total remuneration of the Management Board 11,516 10,394

 

* Fixed remuneration comprises: 1) basic remuneration under employment contract; 2) remuneration granted by resolutions of the Supervisory Board.
** Variable remuneration comprises: annual incentive paid in the respective year in reference to the preceding year.
***Fixed remuneration at other companies of the Group comprises: basic remuneration under employment contract, remuneration granted by resolutions of the Supervisory Board, sick-leave remuneration, annual bonus and in-kind benefits.
**** In-kind benefits comprise: St. Nicholas’ Day gift from the Company Social Benefits Fund, car fuel flat-rate allowance, Employee Pension Scheme (PPE) premium, health-care premium.

Moreover, within 12 months ended 31 December 2022, a provision was established for the potential incentives for the Management Board Members in reference to 2022, to be paid out in 2023, in the total amount of PLN 8,912,000 (2022: PLN 8,247,000).

Supervisory Board: 2022 2021
Remuneration for functions fulfilled 1,139 953
In kind benefits* 9 9
Total 1,148 962
* In-kind benefits comprise Employee Capital Plans (PPK).
35.3. Other transactions with members of the Management Board
35.5. Participation of key management staff in the employee share plan