48. Remuneration - PKO Bank Polsk SA key management

a) Remuneration received by members of the Supervisory Board from PKO Bank Polski SA

Short-term employee benefits	2015	2014
The Supervisory Board of the Bank	1 198	1 157
Total	1 198	1 157

remuneration_1_pkobp2015.xlsx

b) Employee benefits for members of the Management Board due or potentially due from PKO Bank Polski SA

Employee benefits	2015
	Short-term employee benefits		Other long-term benefits		Share-based payment settled in cash
	Remuneration in 2015*	other received in 2015	received in 2015	potentially due as at 31.12.2015	received in 2015	due as at 31.12.2015	potentially due as at 31.12.2015
The Management Board	11 311	1 694	804	2 360	2 240	1 952	2 360
Total	11 311	1 694	804	2 360	2 240	1 952	2 360

* Includes basic remuneration, additions in regards to employee pension programs (PPE), additional insurance, medical care and company social benefits fund (ZFŚS).

remuneration_2_pkobp2015.xlsx

Employee benefits	2014
	Short-term employee benefits		Other long-term benefits		Share-based payment settled in cash
	Remuneration in 2014*	other received in 2014	received in 2014	potentially due as at 31.12.2014	received in 2014	due as at 31.12.2014	potentially due as at 31.12.2014
The Management Board	10 663	1 973	368	2 021	1 639	2 308	2 022
Total	10 663	1 973	368	2 021	1 639	2 308	2 022

* Includes basic remuneration, additions in regards to employee pension programs (PPE), additional insurance, medical care and company social benefits fund (ZFŚS).

remuneration_3_pkobp2015.xlsx

Short-term employee benefits are employee benefits, which are settled in full within 12 months from the end of the annual reporting period, in which the employees performed work related to them. Non-deferred part of the variable salary component paid in cash was recognized as short-term employee benefits apart from basic remuneration (details in the note ‘The principles for determining the variable salary components policy for persons holding managerial positions in the Bank’).

The deferred part of the variable salary component paid in cash and benefits from the employee pension programme were recognised as other long-term benefit (‘EPP’).

Non-deferred and deferred salary components in the form of the financial instrument i.e. phantom shares (for which conversion into cash is carried out after an additional period of retention) are recognized as share-based payments settled in cash in accordance with principles described in the note ‘The principles for determining the variable salary components policy for key management personnel at the Bank’.

In the year ended 31 December 2015 and in the year ended 31 December 2014 respectively no benefits due to termination of employment and post-employment benefits were paid.

c) Remuneration received from related entities (other than the State Treasury and entities related to the State Treasury)*

Short-term employee benefits	2015	2014

The Management Board of the Bank*	42	39
Total	42	39

remuneration_4_pkobp2015.xlsx

d) Remuneration received by members of the Management Boards and the Supervisory Boards of the PKO Bank Polski SA Group subsidiaries

Short-term employee benefits	2015	2014

The Supervisory Board of the Bank	308	389
The Management Board of the Bank	20 416	21 465
Total	20 724	21 854

remuneration_5_pkobp2015.xlsx

e) Loans, advances, guarantees and other advances provided by the Bank to the management

	31.12.2015	31.12.2014
The Supervisory Board of the Bank	1 093	3 102
The Management Board of the Bank	946	857
Total	2 039	3 959

remuneration_6_pkobp2015.xlsx

Interest conditions and repayment periods differ neither from arm’s length nor from repayment periods set up for similar bank products.