3. Personnel costs

The average staffing level was as follows, with personnel expenses in Germany being included in the result from discontinued operations:

The average staffing level at the end of the financial year was as follows, with personnel expenses in Germany being included in the result from discontinued operations:

Remuneration of directors

• *Angelique Magielse took office as Finance Director with effect from 1 March 2024. 
• **Bert Groenewegen stepped down as Finance Director as of 1 March 2024 and left NS with effect from 1 May 2024.
• ***Tjalling Smit stepped down as Commerce & Development Director as of 2 July 2024 and left NS with effect from 1 August 2024.
• ****Liesbeth Kaashoek joined as People and IT Director on 15 June 2024.
• *****Calculated on the fixed salary.

Mr Groenewegen received remuneration of €79,323 for the months of March and April 2024.

From 1 July 2020 to 31 December 2021, the fixed income was temporarily reduced by 10% at the voluntary request of the Executive Board. This reduction has continued in the years 2022, 2023 and 2024. In accordance with the remuneration policy, the pay increases resulting from collective bargaining were implemented.

The members of the Executive Board jointly use two company cars. Ms Magielse, Mr Groenewegen and Ms Kaashoek do not have a lease car and the mobility budget (which also applies to the other board members) has been paid out in full to them. The other directors have a leased car. The remainder of the mobility budget, which was not used for the lease car, was paid gross to Mr Koolmees.

Please refer to the chapter ‘Remuneration of the Executive Board’ in the directors' report for more details of the remuneration policy for the Executive Board.

Remuneration of key management personnel (excluding the Executive Board)

For 2024, this concerns the managers with powers under the articles of association and managers with a specific portfolio. From March 2024, Ms Magielse was appointed to the board as Finance Director and was not included in the above table after that date. From June 2024, the position of HR&O Director will be filled by the Executive Board. The remuneration awarded to the manager of Transport Holding Germany is included in the remuneration until 16 October 2024 in connection with the sale of Abellio Germany to BeNEX. This remuneration is included as result from discontinued operations.

Remuneration of the Supervisory Board

The remuneration of members of the Supervisory Board for 2024 paid by the company totalled €265,625 (2023: €232,052). The amounts for each member of the Supervisory Board in 2024 are as follows:

The annual allowances for the various roles (excluding expense allowances) are as follows:

Until 1 April 2024, the remuneration consisted of a fixed fee and an allowance for participating in one or more committees. From 1 April 2024, there is no separate payment for participation in committees and the fixed remuneration has been adjusted accordingly. Individuals who serve as the chair of a committee do not also receive Supervisory Board remuneration so that there is no double payment.

From 1 July 2020 to 31 December 2021, the remuneration of the Supervisory Board was temporarily reduced by 10% at its own request. This reduction continued until 1 April 2024, on which date it was enshrined in policy. In accordance with the remuneration policy, the pay increases resulting from collective bargaining were implemented.

No loans, advances or guarantees have been provided by the company for the benefit of members of the Executive Board or Supervisory Board.

All shares of NV Nederlandse Spoorwegen are held by the State of the Netherlands. Members of the Executive and Supervisory Boards and staff members have not been granted rights to hold or acquire shares in the company.