annual financial statement 2011 - conwert Immobilien Invest SE
annual financial statement 2011 - conwert Immobilien Invest SE
annual financial statement 2011 - conwert Immobilien Invest SE
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Annual Financial Statement <strong>2011</strong><br />
4. Other disclosures<br />
4.1.1. Consolidated <strong>financial</strong> <strong>statement</strong>s<br />
<strong>conwert</strong> <strong>Immobilien</strong> <strong>Invest</strong> <strong>SE</strong>. as the parent company of the Group. prepares consolidated<br />
<strong>financial</strong> <strong>statement</strong>s that include most of the subsidiaries. The consolidated <strong>financial</strong><br />
<strong>statement</strong>s are prepared in accordance with International Financial Reporting Standards<br />
(IFRS). as adopted by the European Union. The consolidated <strong>financial</strong> <strong>statement</strong>s and the<br />
management report for the Group were filed with the company register court in Vienna.<br />
4.1.2. Auditor’s fees<br />
The auditor’s fees for the <strong>2011</strong> <strong>financial</strong> year comprised TEUR 294 for the audit of the <strong>annual</strong><br />
<strong>financial</strong> <strong>statement</strong>s and TEUR 30.5 for other services<br />
4.1.3. Executive Directors<br />
The following persons served as Executive Directors of the <strong>SE</strong> during the reporting year:<br />
Volker Riebel. born 15 October 1955 (from 1 January <strong>2011</strong> to 6 July <strong>2011</strong>)<br />
Thomas Doll. born 27 December 1965<br />
Franz Jürgen Kelber. born 21 September 1957<br />
Thomas Rohr. born 30 March 1965 (up to 15 March <strong>2011</strong>)<br />
The company had six employees in <strong>2011</strong> (2010: six employees).<br />
4.1.4. Non-Executive Directors<br />
The Non-Executive Directors received payments totalling TEUR 328 for their services in<br />
<strong>2011</strong> (2010: TEUR 404).<br />
The remuneration scheme for the Administrative Board calls for fixed <strong>annual</strong> remuneration as<br />
follows: EUR 50.000 for the chairman; EUR 25.000 for each vice-chairman and EUR 15.000<br />
for each member.<br />
Additional remuneration for the members of committees of the Administrative Board:<br />
The Administrative Board has had only one committee since year-end 2010 – the Audit<br />
Committee. The chairman of the Audit Committee receives additional remuneration equal to<br />
50% of his fixed remuneration. The other members of this committee receive additional<br />
remuneration equal to 25% of their fixed remuneration. All Non-Executive Directors are also<br />
members of the Audit Committee.<br />
In addition. every Non-Executive Director receives an attendance fee of EUR 2.500 for each<br />
meeting.<br />
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