123 7 EMPLOYEE BENEFITS AND OTHER REMUNERATION 7.1 BREAKDOWN OF PERSONNEL COSTS (in thousands of euros) 31/12/2022 31/12/2021 Wages and salaries (1) 43,104 40,165 Contribution to pension schemes (defined contribution plans) 6,569 6,348 Contribution to pension schemes (defined benefit plans) 0 Other social security charges 8,119 6,786 Profit-sharing and incentive schemes 973 424 Taxes on remuneration 42 57 Total staff costs 58,807 53,780 (1) Including retirement benefits of €3,364,000 on 31 December 2022. Including long-service awards of €1,056,000 on 31 December 2022. 7.2 AVERAGE HEADCOUNT FOR THE PERIOD Average headcount 31/12/2022 31/12/2021 Monaco 361 378 Foreign 4 7 Total 365 385 7.3 RETIREMENT BENEFITS – DEFINED CONTRIBUTION PLANS Companies with employees contribute to various mandatory pension schemes. 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 31/12/2022 31/12/2021 (in thousands of euros) Euro zone Outside the euro zone All areas All areas Actuarial debt on 31/12 in year N-1 3,807 4,086 IFRIC IAS 19 impact at beginning of period (3) 0 -220 Foreign exchange adjustments 0 0 Cost of services rendered over the fiscal year 230 232 Financial cost 32 32 Employee contributions 0 0 Plan amendments, reductions and wind-ups (2) 0 0 Scope changes 0 6 Benefits paid (compulsory) -106 -130 Taxes, administrative costs and premiums 0 0 Actuarial gains/(losses) - related to demographic assumptions (1) -516 -76 Actuarial gains/(losses) - related to financial assumptions (1) -6 -123 Actuarial debt at end of year 3,441 0 0 3,807 (1) Discount rates are determined based on the average term of the commitment, that is, the arithmetical average of the terms calculated between the valuation date and the payment date weighted by assumptions on staff turnover. The underlying item used is the discount rate by reference to the iBoxx AA index. (2) Depending on the employees concerned (managers or non-managers). (3) N/A
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