Page 124 - Continental Reinsurance 2022 Annual Report

122 Notes to the Consolidated and separate financial statement - continued

For the year ended 31 December 2022

Directors' salaries, fees and other emoluments paid during the year was: Group Group Company Company
Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021
Short term employee benefits =N='000 =N='000 =N='000 =N='000
Post employment benefits:
Gratuity benefits paid 325,469 288,872 325,469 288,872
Pension contribution
- - - -
9,684 7,707 9,684 7,707
335,153 296,579 335,153 296,579

The number of directors who received fees and other emoluments (excluding pension contributions and certain benefit) in the following ranges was:

Number Number Number Number

Below =N=1,000,000 -- - -
=N=1,000,001 - =N=4,000,000 -
=N=4,000,001 - =N=7,000,000 -- - -
=N=7,000,001 - =N=10,000,000 6
=N=10,000,001 and above -5 - 3
9
77 -

10 2 11

17 14 11

37 Contingencies and commitments

Contingent liabilities
There were no contingent liabilities at the end of the year (2021: Nil).

Capital commitment and operating leases
There were no capital commitments at the end of the year (2021: Nil).

38 Compliance with regulatory bodies 2022 2021
Penalties: =N='000 =N='000

The Company contravened certain sections of the Financial Reporting Council of Nigeria (FRCN) Act 2011 - 5,000

The Company contravened certain sections of 2011 operational guidelines issued by the National Insurance 500
Commission (NAICOM). 500 5,000

39 Events after reporting date

There were no events after reporting date which would have a material effect on the state of affairs of the Group as at 31 December 2022 or the profit for the
year then ended that have not been adequately provided for or disclosed.