4.3.6Employee Benefit Expenses
Information with respect to employee benefits expenses are detailed as follows:
Note | 2023 | 2022 | |
|---|---|---|---|
Wages and salaries | (420) | (370) | |
Social security costs | (57) | (48) | |
Contributions to defined contribution plans | (39) | (33) | |
Contributions to defined benefit plans | (2) | 1 | |
Share-based payment cost | (26) | (24) | |
Contractors' costs | (197) | (178) | |
Other employee benefits | (100) | (88) | |
Total employee benefits | (842) | (740) |
Wages and salaries increased, due to FPSO Prosperity joining the fleet, full ramp-up on FPSO Sepetiba before producing and on hire on January 2, 2024, and the increased activity in projects under construction. This was partially offset by FPSO Capixaba leaving the fleet (now under decommissioning).
Contractors’ costs include expenses related to contractor staff not on the Company’s payroll, linked to the Company’s strategy of aiming to maintain flexibility in its workforce management. Other employee benefits mainly include commuting, training, expatriate and other non-wage compensation costs.