UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 145
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021 (continued)
3
Employees
a) Employee numbers
The average number of persons employed by the Group in the financial year was:
2021
Number
2020
Number
11,062
3,873
2,945
9,430
3,120
2,874
17,880
15,424
2021
€m
2020
€m
Wages and salaries
Social welfare costs
Pension costs - defined contribution (note 31)
Share based payments and awards
832.8
104.5
26.3
17.7
676.4
86.7
22.0
16.0
Actuarial (gains)/losses recognised in other comprehensive income
981.3
(21.5)
959.8
801.1
19.9
821.0
Production
Sales and distribution
Management and administration
b) Employee costs, including executive directors
c) Employee share based compensation
The Group currently operates a number of equity settled share based payment schemes; two Performance Share Plans (PSP) and a Deferred
Bonus Plan, which was introduced in 2015. The details of these schemes are provided in the Report of the Remuneration Committee.
Performance Share Plan (PSP)
Number of PSP Options
2021
2020
Outstanding at 1 January
Granted
Forfeited
Lapsed
Exercised
Outstanding at 31 December
Of which, exercisable
1,772,438
397,929
(67,236)
(389,870)
1,713,261
1,953,111
507,441
(33,550)
(6)
(654,558)
1,772,438
337,352
263,324
The Group recognised a PSP expense of €17.7m (2020: €16.0m) in the Consolidated Income Statement during the year. All PSP options
are exercisable at €0.13 per share. For PSP options that were exercised during the year the average share price at the date of exercise was
€82.55 (2020: €62.99). The weighted average contractual life of share options outstanding at 31 December 2021 is 4.6 years (2020: 4.8
years). The weighted average exercise price during the period was €0.13 (2020: €0.13).
Kingspan Group plc Annual Report & Financial Statements 2021
Financial Statements
