1.2Personnel expenses
CHF 1,000 | 2025 | 2024 |
|---|---|---|
Wages and salaries | 2,363 | 56,137 |
Share-based compensation | 1,406 | 1,395 |
Social security expenses | 304 | 5,921 |
Pension benefit expenses | 395 | 2,774 |
Other personnel expenses | 186 | 2,816 |
Total personnel expenses | 4,653 | 69,044 |
Share-based compensation
2025 | 2024 | ||
|---|---|---|---|
Board of Directors | 2,691 | 3,234 | |
Executive Board | 8,438 | 11,077 | |
Key management positions | 459 | 520 | |
Total number of shares | 11,588 | 14,831 | |
Share price | CHF | 121.30 | 94.05 |
Share-based compensation | CHF 1,000 | 1,406 | 1,395 |
Employee benefits
Pension benefit expenses
CHF 1,000 | 2025 | 2024 |
|---|---|---|
Contributions concerning the reporting period | 395 | 2,750 |
Result from employer contribution reserve (ECR) 1) | - | 24 |
Economical part of surplus/deficit recognised | - | - |
Pension benefit expenses | 395 | 2,774 |
Pension institutions without surplus/deficit | 395 | 1,366 |
Pension institutions with surplus 2) | - | 1,408 |
1)Exclusively from pension institutions with a surplus.
2)The capitalisation or use of possible economic benefits (stemming from a surplus in the pension institution) is neither intended nor do the conditions for this exist. There is neither a surplus nor deficit coverage.
Employer contribution reserve (ECR)
CHF 1,000 | 2025 | 2024 |
|---|---|---|
Employer contribution reserve (ECR) as at 1 January 1, 2) | - | 111 |
Result from ECR in personnel expenses | - | –24 |
Change in scope of consolidation | - | –87 |
Employer contribution reserve (ECR) as at 31 December 1, 2) | - | - |
1)The nominal value corresponds to the balance sheet value. There is no renouncement of use of the employer contribution reserve.
2)The employer contribution reserves originate entirely from pension institutions.
Accounting principles |
|---|
Share-based compensation is stated at fair value and recognised in personnel expenses in the period in which the service is performed. Participants in share-based compensation are the members of the Board of Directors, the Executive Board and employees in key management positions. The members of the Board of Directors receive fixed remuneration, half of which is awarded in shares. The remuneration of members of the Executive Board and key management positions consists of a fixed and a variable component. At least 50% of the variable compensation is paid in shares. The description of the Investis share plan and detailed information on share-based compensation to members of the Board of Directors and the Executive Board are disclosed in chapters 4.2 (for the Board of Directors) and chapter 4.3.3 (for the Executive Board) of the Compensation Report. |
The pension obligations of the Group companies for retirement, death or disability are based on the applicable regulations and practices. All companies are located in Switzerland, where the pension plan is administered by a legally independent foundation. The capitalisation of possible economic benefits (stemming from a surplus in the pension institution) is neither intended nor do the conditions for this exist. A financial obligation is carried as a liability if the conditions for the establishment of a provision are met. |