7 EMPLOYEE BENEFITS AND OTHER REMUNERATION 7.1 BREAKDOWN OF PERSONNEL COSTS (in thousands of euros) 31/12/2024 31/12/2023 Wages and salaries -47,812 -46,626 Contribution to pension schemes (defined contribution plans) -7,137 -6,985 Contribution to pension schemes (defined benefit plans) 0 0 Other social security charges -8,932 -9,413 Profit-sharing and incentive schemes -1,335 -1,468 Taxes on remuneration -55 -55 Total staff costs -65,271 -64,547 7.2 AVERAGE HEADCOUNT FOR THE PERIOD Average headcount 31/12/2024 31/12/2023 Monaco 364 363 Foreign 4 5 Total 368 368 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 31/12/2024 31/12/2023 (in thousands of euros) Euro zone Outside the euro zone All areas All areas Actuarial debt at 31/12 in year N-1 3,671 3,671 3,441 Foreign exchange adjustments Cost of services rendered over the fiscal year 207 207 201 Financial cost 123 123 88 Employee contributions Amendments, reductions and wind-ups Scope changes Benefits paid (compulsory) -212 -212 -39 Taxes, administrative costs and premiums Actuarial gains/(losses) - related to demographic assumptions (1) -13 -13 -33 Actuarial gains/(losses) - related to financial assumptions (1) -63 -63 12 Actuarial debt at end of year 3,714 3,714 3,670 (1) Including actuarial gains/losses related to experience adjustments. CFM Indosuez Wealth Management 128
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