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21 Employee benefits

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EUR 000

30 September 2021

30 September 2020

 

< 1 year

> 1 year

Total

< 1 year

> 1 year

Total

Long-term employee benefit obligations

215

2,500

2,715

315

2,584

2,899

Short-term employee benefit obligations

44,663

44,663

23,165

23,165

 

44,878

2,500

47,378

23,480

2,584

26,064

Long-term employee benefits consist of long-term pension plans that supplement WIA (Occupational Disability Insurance Act) benefits, provisions for long-service entitlements, and a number of special schemes and current employee benefit obligations relating to accrued holiday allowances, bonuses and overtime as well as holiday entitlements.

Short-term employee benefit obligations mainly relate to accruals for variable pay, one time payments, profit shares of the employee bonds and holiday allowances.

Movements in long-term employee benefits:

EUR 000

2020/2021

2019/2020

Balance at 1 October

2,899

3,090

Utilised

-263

-307

Addition

69

111

Unwinding of discount

10

5

Balance at 30 September

2,715

2,899