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FINANCIAL STATEMENTS AND EXPLANATORY NOTES
324
| 2012 annual report prysmian group
Employee benefit obligations amount to Euro 15,880 thousand (Euro 7,507 thousand at 31 December 2011) and are detailed as
follows:
The income and expenses relating to employee benefit obligations are as follows:
The change of Euro 8,373 thousand is mainly due to the
recognition of the liability for the new long-term incentive plan
2011-2013 which will be settled in 2014; further details can be
found in Note 15. Personnel costs.
11. EMPLOYEE BENEFIT OBLIGATIONS
(in thousands of Euro)
31 December 2012
31 December 2011
Employee indemnity liability (Italian TFR)
5,029
3,975
Termination and other benefits
1,663
996
Incentive plans
9,188
2,536
Total
15,880
7,507
(in thousands of Euro)
31 December 2012
31 December 2011
Employee indemnity liability (Italian TFR)
382
353
Termination and other benefits
585
13
Incentive plans
6,652
2,536
Total
7,619
2,902
