€5300 tax free. Plus free accomodation and utility bills. Plus telphone bill paid. Plus travel allowance to work. Plus excellent relocation package. Plus "furniture allowance" on arrival. Plus excellent pension package. Plus plus plus.
Don't forget the 2002 profit share was 8 weeks tax free salary bonus for every employee in the company (€10,600 tax free in this case).
Look at the WHOLE package and see what it means in REAL terms.