MERLIN Properties Annual Report 2023

116 | Annual report | 2023 WAGE GAP ANALYSIS The total compensation earned per employee, including executive directors within the Managers category, by the average number of employees has been taken into account to calculate the average remuneration and the wage gap. The total compensation accrued includes: • Fixed Salary: includes all remuneration received by the employee during the year including salary increases, components of collective bargaining agreement, bonuses, sickness or accident benefits, temporary disability compensation and all remuneration agreed as fixed salary in general with employees. • Variable Remuneration: in 2022 this includes the Annual Bonus and the Extraordinary Bonus for 2022 granted by the Board of Directors, in general to all staff. In 2023, it only includes the Annual Bonus. • Remuneration in kind: health insurance, life insurance, shares and flexible remuneration. • Does not include severance payments and compensation. Average remuneration and changes in salaries broken down by gender, age and professional classification or equal value: Average remuneration by gender (€k) 2022 2023 Men 190 158 Women 60 57 Average remuneration by age (€k) 2022 2023 Under 30 years old 55 46 30 to 50 years old 108 96 Over 50 years old 201 163 In addition, in Spain, all employees have access to a flexible remuneration plan which includes: restaurant card, transport card, childcare vouchers, training plans and access to the purchase of shares in the Parent Company. In Portugal, all employees receive a food allowance. Employees have access to discounts in different areas such as accommodation, restaurants and pharmacies in establishments close to the offices. In 2023, a new social benefit has been included, known as the “Shopping Club”, where employees can access discounts on different brands.