Payroll costs, share based payments and management incentive schemes (Tables)

12 Months Ended

Dec. 31, 2019

Employee Benefits And Share-Based Payments [Abstract]

Disclosure of number and weighted average exercise prices of share options [text block]

management team (the “Management Share Awards”) as of the following four award dates:



	January 1, 2016 Award		January 1, 2017 Award		January 1, 2018 Award		January 1, 2019 Award	Total
Number of awards outstanding at January 1, 2019	3,025,953		1,015,000		583,700		—	4,624,653
New awards granted in the period	—		—		—		166,427	166,427
Awards vested and issued in the period	—		(85,315	)	—		—	(85,315	)
Forfeitures in the period	(60,439	)	(91,562	)	(34,800	)	—	(186,801	)
Number of awards outstanding at December 31, 2019	2,965,514		838,123		548,900		166,427	4,518,964

Disclosure of Employee Information

The average number of persons employed by the Company (excluding non-Executive Directors) is analyzed and set out below:



	Year ended December 31, 2019	Year ended December 31, 2018	Year ended December 31, 2017
Production	3,308	2,915	2,285
Administration, distribution & sales	1,448	1,510	1,572
Total number of employees	4,756	4,425	3,857

Disclosure of Employee Benefit Expense

The table below discloses the Company’s aggregate payroll costs of these persons. Payroll costs exclude long term management incentive scheme and share based payment costs, but includes bonus costs.



	Year ended December 31, 2019	Year ended December 31, 2018	Year ended December 31, 2017
	€m	€m	€m
Wages and salaries	250.4	240.6	200.8
Social security costs	45.2	46.0	42.0
Other pension costs	13.0	13.1	14.6
Total payroll costs	308.6	299.7	257.4

Inputs and Assumptions Underlying the Monte Carlo Model



	January 1, 2016 award			January 1, 2017 award			January 1, 2018 award			January 1, 2019 award
Revised grant date price	$	16.72		$	16.72		$	16.72		$	20.15
Exercise price	$	—		$	—		$	—		$	—
Expected life of restricted share	1.00 - 2.00 years			2.00 years			1.5 - 4.00 years			4.00 years
Expected volatility of the share price	22.6		%	22.6		%	22.7		%	24.0		%
Dividend yield expected	—		%	—		%	—		%	—		%
Risk free rate	2.65		%	2.65		%	2.55		%	1.33		%
Employee exit rate	6.0		%	14.0		%	14.0		%	14.0		%
EBITDA Performance Target Condition	93.0		%	72.0		%	35.0		%	35.0		%