Employee benefit expenses (Tables)

12 Months Ended

Dec. 31, 2020


	Year ended December 31,
	2018		2019		2020
	NT$000		NT$000		NT$000
Salaries		4,628,039		5,114,790		4,937,591
Directors’ remuneration		18,456		26,266		28,229
Labor and health insurance		406,111		422,106		396,796
Pension		201,567		194,173		189,489
Share-based payments		41,043		822		—
Other personnel expenses		311,617		317,616		458,122

		5,606,833		6,075,773		6,010,227

In accordance with the Company’s Articles of Incorporation, employees’ compensation is based on the current year’s earnings, which should first be used to cover accumulated deficits, if any, and then 10% of the remaining balance distributed as employees’ compensation, including distributions to certain qualifying employees in affiliate companies, and no more than 0.5% as directors’ remuneration. Subject to the Board of Directors’ approval, employees’ compensation may be made by way of cash or share issuance. Distribution of employees’ compensation and directors’ remuneration shall be presented and reported in the subsequent shareholders’ meeting.

Based on profit distributable as of the end of reporting period, for the years ended December 31, 2018, 2019 and 2020, the employees’ compensation were accrued at NT$199,027 thousand, NT$338,356 thousand and NT$332,080 thousand, respectively; the directors’ remuneration were accrued at NT$9,951 thousand, NT$16,918 thousand and NT$16,604 thousand, respectively.

For the year of 2019, employees’ compensation and directors’ remuneration recognized were consistent with the amounts resolved in the Board of Directors’ meetings.