6.2 Result for the year
6.2.1 Salaries, pensions and social security contributions
In 2024, salaries, pensions and social security contributions amounted to €2 million (2023: €2 million). PostNL N.V. does not have any employees other than the Board of Management (2 FTE). For more information on the salary costs of the Board of Management, reference is made to note 5.1.
In June 2024, PostNL signed an agreement with Stichting Pensioenfonds PostNL for a payment of €20 million to resolve a dispute between the pension fund and De Nederlandsche Bank. As part of the agreement, the payment is expected to take place in HY 2026 and will then be exactly offset by a lower regular pension contribution payable.
6.2.2 Net financial expense/(income)
PostNL has financing relationships with both external banks and with PostNL companies, mainly with PostNL Finance B.V. As a result, PostNL records both external interest income and expenses from financial institutions and from PostNL Finance B.V.
PostNL N.V. Net financial expense/(income) in € million
2023, 2024
| Year ended at 31 December | 2023 | 2024 |
|---|---|---|
| Interest expenses on long-term borrowings | 7 | 14 |
| Interest on taxes | 0 | 1 |
| Interest and similar expense | 7 | 15 |
| Other interest and similar income | (4) | (10) |
| Net financial expense/(income) | 3 | 5 |
Interest expenses on long-term borrowings relate to the outstanding eurobonds. Reference is made to note 4.1 to the Consolidated financial statements.