Note 5 Operating expenses Amounts in NOK million 2021 2020 Salaries -121.5 -105.3 Social security tax and finance tax -27.1 -24.3 Pension expenses -7.4 -6.5 Other personnel expenses -6.0 -7.7 Total personnel expenses -162.0 -143.8 No security has been provided to any of the Bank’s employees or their related parties in 2021 or 2020. All employees and their related parties that have credit card and deposit products in the Bank have them to the ordinary terms and conditions. All permanent employees, a total of 145 people as at 31 December 2021 (31 December 2020: 148 people), are covered by the Bank’s pension plan. The plan is a defined-contributed plan. The Bank is obliged to have an occupational pension plan in accordance with the Compulsory Occupational Pension Plan Act. The plan satisfies the requirements of the Act. See note 20 for remuneration to the senior management and note 6 for variable remuneration. Amounts in NOK million 2021 2020 Direct marketing expenses -32.1 -22.7 IT-expenses -74.4 -71.5 Other general administrative expenses -34.8 -34.7 Total general and administrative expenses -141.2 -128.9 Insurance -1.3 -2.1 External audit and related services -2.0 -4.2 Other consultants -13.8 -13.6 Other expenses -17.8 -23.0 Total other expenses -34.8 -42.8 See note 20 for specification of auditor fees. Komplett Bank / Annual Report 2021 59
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