Note 26: Employee Benefit Expenses
As of December 31, 2017, we employed 70 full-time employees, seven part-time employees and 10 senior managers under management services agreement. A split of our employees and consultants by main department and geography for the years ended December 31, 2017, 2016 and 2015 was as follows:
| At December 31, | ||||||||||||
| 2017 | 2016 | 2015 | ||||||||||
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By function: |
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Clinical & Regulatory, IP, Marketing |
16 | 15 | 11 | |||||||||
|
Research & Development |
29 | 29 | 19 | |||||||||
|
Manufacturing /Quality |
26 | 31 | 42 | |||||||||
|
General Administration |
16 | 13 | 16 | |||||||||
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Total |
87 | 88 | 88 | |||||||||
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By Geography: |
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Belgium |
83 | 83 | 85 | |||||||||
|
United States |
4 | 5 | 3 | |||||||||
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Total |
87 | 88 | 88 | |||||||||
| (€‘000) |
For the year ended December 31, |
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| 2017 | 2016 | 2015 | ||||||||||
|
Salaries, wages and bonuses |
5,461 | 5,994 | 5,181 | |||||||||
|
Executive Management team compensation |
2,563 | 2,900 | 1,843 | |||||||||
|
Share-based payments |
2,569 | 2,847 | 796 | |||||||||
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Social security |
1,277 | 1,362 | 1,280 | |||||||||
|
Post employment benefits |
220 | 215 | 202 | |||||||||
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Hospitalisation insurance |
118 | 151 | 40 | |||||||||
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Total Employee Benefit Expenses |
12,207 | 13,469 | 9,342 | |||||||||
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