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Salaries and social security taxes payable
12 Months Ended
Dec. 31, 2023
Salaries And Social Security Taxes Payable  
Salaries and social security taxes payable

 

Note29 | Salaries and social security taxes payable

 

a.Salaries and social security taxes payable

 

       
     12.31.23     12.31.22 
Non-current        
Seniority-based bonus                  2,449                  2,402
         
Current        
Salaries payable and provisions                23,375                25,719
Social security payable                  2,988                  3,276
Early retirements payable                     273                       89
Total current                26,636                29,084

 

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

 

           
    12.31.23   12.31.22   12.31.21
Salaries                79,746                73,390                68,305
Social security taxes                31,012                28,541                26,563
Total salaries and social security taxes              110,758              101,931                94,868

 

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, 2023 and 2022, amount to $ 438.8 and $ 45.2, respectively.

 

The seniority-based bonus included in collective bargaining agreements in effect consists of a bonus to be granted to personnel with a certain number of years of service. As of December 31, 2023 and 2022, the related liabilities amount to $ 2,329.6 and $ 2,278.3, respectively.

 

As of December 31, 2023 and 2022, the number of employees amounts to 4,635 and 4,658, respectively.