8.20.11
Personnel expenses

Personnel expenses pertain solely to the Board of Management. The remuneration of the Board of Management, including pension charges as referred to in Section 2: 383, subsection 1 of the Dutch Civil Code, charged in the financial year to Accell Group N.V. amounted to € 1.9 million (2018: € 3.5 million) and to € 0.2 million (2018: € 0.2 million) for the members of the Supervisory Board. For details on the remuneration of the Board of Management and the Supervisory Board see note 6.17.5 Remuneration of the Board of Management and the Supervisory Board of the consolidated financial statements.

Personnel costs also include an amount of € 54 thousand (2018: € 92 thousand) for conditional shares and nil (2018: € 38 thousand) for social security costs for directors of group companies. For details on this conditional share plan, see note 6.17.4 Share-based payments of the consolidated financial statements.