Annual Report 2011

29. Other commitments
CHF 1’000 31.12.2011 31.12.2010
Purchase commitment towards suppliers 58’401 34’647
Contractual commitments for capital expenditure – 880
Guarantees 137 312
From time to time, the Starrag Group is confronted with claims which have to be considered as normal
side effects of the operating business. These concern especially warranty obligations, property damage
and financial loss as well as product liability. For these liabilities, provisions and sureties exist, which
the Starrag Group believes to be sufficient for any foreseeable risks.
30. Remunerations to the Board of Directors and the Executive Board
The current remunerations paid to non-executive members of the Board of Directors amount to
kCHF 375 (prior year kCHF 230). The current remunerations for the Executive Board in the reporting
year added up to kCHF 3’703 (prior year kCHF 1’869). There were no payments or other benefits
and remunerations after termination of employment contracts.
CHF 1’000 2011 2010
Fixed
Variable Options
Pension
and other Total Fixed
Starrag Group Annual Report 2011 87
––
Variable Optionen
Pension
and other Total
Walter Fust 90 22 – 4 116 61 2 – 3 66
Dr. Hanspeter Geiser 36 22 – 4 62 36 2 – 3 41
Valentin Vogt 36 22 – 4 62 36 2 – 3 41
Prof. Dr. Christian Belz 36 22 – 4 62 36 2 – 3 41
Adrian Stürm 47 22 – 4 73 36 2 – 3 41
Total Board of Directors 245 110 – 20 375 205 10 – 15 230
Total Executive Board
(2011: 8 persons, 2010: 6 persons)
Thereof:
2’008 1’379 26 290 3’703 1’553 72 26 218 1’869
Dr. Frank Brinken 365 317 26 80 788 365 24 26 59 474
Walter Fust, majority shareholder and Chairman of StarragHeckert Holding AG, provided a bridge loan
amounting to the equivalent of CHF 64 million in January 2011 to help finance the acquisition of Dörries
Scharmann Technologie GmbH. After the capital increase in May 2011 this loan was paid back in full
together with interest of CHF 0.3 million based on the going market rates.