Annual Report 2012 - Indesit

Separate financial statements at 31 December 2012 – Notes
Notional amount
Fair value of derivatives
(million euro) Nature of risk hedged
31.12.2012 31.12.2011 31.12.2012 31.12.2011
Cash flow hedges
IRS on short-term borrowings Interest rate 350.0 350.0 (12.5) (11.6)
Total 350.0 350.0 (12.5) (11.6)
10. Information required by IAS 24 on the remuneration of management
and on related parties
10.1 Remuneration
of management
In addition to the executive and non-executive directors and the statutory auditors, from 2012 there
are now 7 managers with strategic responsibility for operations, planning and control (5 through 2011).
These are the Administration, Finance and Control Manager, the Manager of the Home Care Division,
the Manager of the Food Treatment Division, the Manager of the Services & Consumer Care Division,
the Sales Manager, the Human Resources Manager and the Supply Chain and IT Manager.
The table below lists the expected gross remuneration of the above persons for 2012, comprising all
forms of compensation (gross pay, bonuses, fringe benefits etc.), and the bonuses accrued but not yet
paid, since subject to the achievement of annual objectives and continued employment by the Group
at the vesting date.
Remuneration and annual fees for the year 2012 due to directors, statutory auditors
and executives
(million euro)
Short-term
benefits
Long-term
benefits
Stock
options
Directors 4.6 1.2 -
Statutory Auditors 0.2 - -
Executives 4.5 2.2 -
Total 9.2 3.4 -
Remuneration and annual fees for the year 2011 due to directors, statutory auditors
and executives
(million euro)
Short-term
benefits
Long-term
benefits
Stock
options
Directors 4.0 1.3 -
Statutory Auditors 0.2 - -
Executives 3.1 1.9 -
Total 7.2 3.3 -
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