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Salaries and social security taxes payable
12 Months Ended
Dec. 31, 2021
Salaries And Social Security Taxes Payable  
Salaries and social security taxes payable

 

Note30 | Salaries and social security taxes payable

 

a.Salaries and social security taxes payable

 

     12.31.21     12.31.20 
Non-current        
Early retirements payable                         -                      37
Seniority-based bonus                     398                     421
Total non-current                     398                     458
         
Current        
Salaries payable and provisions                  4,159                  5,181
Social security payable                     332                     415
Early retirements payable                      24                      39
Total current                  4,515                  5,635

 

The value of the Company’s salaries and social security taxes payable approximates their fair value.

 

b.Salaries and social security taxes charged to profit or loss

 

 

    12.31.21   12.31.20   12.31.19
Salaries                11,262                12,293                12,939
Social security taxes                  4,380                  4,780                  5,031
Total salaries and social security taxes                15,642                17,073                17,970

 

 

 

 

 

Early retirements payable correspond to individual optional agreements. After employees reach a specific age, the Company may offer them this option. The related accrued liability represents future payment obligations, which, as of December 31, 2021 and 2020, amount to $ 23.8 and $ 80.1, respectively.

 

The seniority-based bonus included in collective bargaining agreements in effect consists of a bonus to be granted to personnel with a certain amount of years of service. As of December 31, 2021 and 2020, the related liabilities amount to $ 404.5 and $ 421.1, respectively.

 

As of December 31, 2021 and 2020, the number of employees amounts to 4,668 and 4,776, respectively.