Annual Report 2022

Annual Report 2022

21. Personnel Expenses

The personnel expenses mentioned in notes 19 and 20 above are as follows:

 

 

Year Ended December 31,

(in thousands of $)

 

2022

 

2021

 

2020

Short term employee benefits – Salaries

 

216,847

 

135,676

 

75,437

Short term employee benefits – Social Security

 

16,274

 

12,785

 

9,087

Post-employment benefits

 

5,406

 

2,864

 

1,242

Termination benefits

 

401

 

818

 

1,005

Share based payment

 

151,912

 

167,965

 

92,558

Employer social security contributions stock options

 

5,910

 

5,002

 

15,214

Total personnel expenses

 

396,750

 

325,110

 

194,543

The post employment benefits relate to the pension plans the Company has in place for its employees.

The average number of full-time equivalents (FTE) employees by function is presented below:

 

 

Year Ended December 31,

(Average Number of FTE)

 

2022

 

2021

 

2020

Research and development

 

474.8

 

349.7

 

213.0

Selling, general and administrative

 

442.4

 

264.4

 

119.5

 

 

917.2

 

614.1

 

332.5