EUR 000 |
September 30, 2024 |
September 30, 2023 |
||||
< 1 year |
> 1 year |
Total |
< 1 year |
> 1 year |
Total |
|
Long-term employee benefit obligations |
831 |
1,845 |
2,676 |
375 |
1,632 |
2,007 |
Short-term employee benefit obligations |
50,605 |
– |
50,605 |
41,109 |
– |
41,109 |
51,436 |
1,845 |
53,281 |
41,484 |
1,632 |
43,116 |
Long-term employee benefits mainly consist of WIA supplement (Occupational Disability Insurance Act) benefits and provisions for long-service entitlements.
Short-term employee benefit obligations consist of accruals for variable pay amounting to EUR 24,151 (September 30, 2023: EUR 17,343), holiday allowances amounting to EUR 16,088 (September 30, 2023: EUR 13,492) and benefit-on-demand liabilities amounting to EUR 10,366 (September 30, 2023: EUR 10,274). These obligations include a number of special schemes that relate to supplements to social benefits.
Movements in long-term employee benefits:
EUR 000 |
2023/2024 |
2022/2023 |
Balance as at October 1 |
2,007 |
2,165 |
Utilized |
-208 |
-247 |
Addition |
627 |
101 |
Adding of interest and change in discount rate |
250 |
-12 |
Balance as at September 30 |
2,676 |
2,007 |