Investor Presentaiton
73
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Note 2 Operating costs
Table 2.1
Costs of goods sold
Bunker costs
Terminal costs
Intermodal costs
Port costs
Rent and lease costs
Staff costs
Other
Total operating costs
2020
2019
Table 2.1
1,471
998
3,820
4,628
6,425
6,775
3,699
4,151
2,146
2,265
1,295
1,502
5,209
4,955
7,739
7,856
31,804
33,130
Remuneration of employees
Wages and salaries
4,560
Severance payments
148
4,321
118
Pension costs, defined benefit plans
29
31
Pension costs, defined contribution plans
197
170
Other social security costs
396
5,330
411
5,051
Total remuneration
Of which:
Recognised in the cost of assets
Included in restructuring costs
Expensed as staff costs
Average number of employees'
Table 2.2
Fees and remuneration to the Executive Board
Fixed based salary
Short-term cash incentive
Long-term share-based incentives
Remuneration in connection with redundancy, resignations and release from duty to work
Total remuneration to the Executive Board
Table 2.3
Fees to the statutory auditors
Statutory audit
Other assurance services
Tax and VAT advisory services
Other services
Total fees
Amounts in USD million =
Customary agreements have been entered into with
employees regarding compensation in connection with
resignation with consideration for local legislation and
collective agreements.
For information about share-based payment, reference
is made to note 12.
1 Total number of employees (YTD average) is 83,624
(2019: 86,279) of which 83,624 (2019: 83,512) relate
to continuing operations and 0 (2019: 2,767) relate to
discontinued operations.
Table 2.3
Fees for other services than statutory audit of the financial
statements provided by PricewaterhouseCoopers Stats-
autoriseret Revisionspartnerselskab to A.P. Moller - Maersk
mainly consist of audit of non-statutory financial state-
ments, financial due diligence and transaction advice,
accounting advisory services, and other advisory account-
ing and tax services.
Table 2.2
Contract of employment for the Executive Board contains
terms customary in Danish listed companies, including
termination notice and competition clauses. In connection
with a possible takeover offer, neither the Executive Board
nor the Board of Directors will receive special remunera-
tion. Fees and remuneration do not include pension.
1
120
5,209
4
92
4,955
The Board of Directors has received fees of USD 3m
(USD 3m).
83,624
83,512
2020
2019
892
10
6
5
1
6
16
22
2020
2019
13
13
1
1
1
1
2
2
17
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