4. Personnel expenses

EUR 1,000

2016 2015





Wages and salaries

-11,396 -10,753
Pension expenses

-1,268 -1,368
Other personnel expenses

-1,431 -1,207
Personnel expenses total

-14,094 -13,327










Average number of employees during the period

2016 2015





Management and administration

27 32
Other personnel

80 101
Total average number of employees

107 133










Salaries, fees, remunerations and pensions to the management
1 000 € Salaries,
fees, remunerations
2016
Obligatory pension expenses 2016 Salaries,
fees, remunerations
2015
Obligatory pension expenses
2015





Padma Ravichander, CEO as from 18 April 2016 -479


Ilkka Raiskinen, CEO until 17 April 2016 -428 -12 -324 -60





Members of the Board of Directors:
Harri Koponen, Chairman of the Board -57 -10 -67 -15
Pentti Heikkinen, Vice Chairman -36 -7 -39 -9
Johan Hammarén, member of the Board until 5 March 2015

-15 -3
Matti Jaakola, member of the Board as from 14 April 2015 -30 -6 -15 -4
Tuija Soanjärvi, member of the Board until 14 April 2015

-18 -3
Christer Sumelius -30
-32 -7
Pirjo Pakkanen, as from 9 May 2016 -13 -3

Yhteensä -1,072 -37 -509 -101





0 (23 %) per cent of the fees to the Board of Directors has beed settled in shares of Tecnotree Oyj.


The pension benefits of the members of Board of Directors are determined by the Finnish Employees Pensions Act (Tyel). The members of Board of Directors have no additional pension arrangements.


The CEO has a CEO contract, which is made according to Finnish law. The CEO is responsible for tax and other compulsory payments.