01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...
01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...
01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...
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Consolidated Financial Statements<br />
Other information<br />
Personnel expenses<br />
Number of employees (average for the year)<br />
Remuneration of members of the Supervisory Board and Management<br />
Disclosure pursuant<br />
to section 314(1)<br />
No. 6 of the German<br />
Commercial Code (HGB)<br />
Disclosures pursuant<br />
to IAS 24.16<br />
Breakdown by type of expense €million<br />
Wages and salaries 279.4 271.6<br />
Social security contributions and employee benefits 45.9 46.1<br />
Expenses for employees’ pensions 15.4 13.9<br />
Total 340.7 331.6<br />
Breakdown by group of employee<br />
20<strong>09</strong> 2008<br />
20<strong>09</strong> 2008<br />
In house 4,281 4,402<br />
Field 679 695<br />
4,960 5,<strong>09</strong>7<br />
Apprentices 191 193<br />
Employees of joint-venture undertakings 199 176<br />
Total 5,350 5,466<br />
In the financial year Management received remuneration in the amount of €5.0 million<br />
(PY: €4.1 million). Retirement and survivors’ benefits for former members of Management<br />
came to €2.1 million (PY: €2.1 million). Further accruals in the amount of €21.3 million<br />
(PY: €21.1 million) exist for current pensions and pension entitlements for this group of<br />
individuals.<br />
Remuneration paid to the Supervisory Board came to €0.7 million (PY: €0.7 million).<br />
Remuneration paid to members of the Advisory Board came to €0.2 million (PY: €0.3<br />
million). No amount were paid to former members of the Supervisory Board and the<br />
Advisory Board or deferred.<br />
Loans in the amount of €0.2 million (PY: €0.3 million) were granted to members of<br />
Management and the Supervisory Board in the financial year. The interest rate was 2.5 %<br />
or 3.5 % and the remaining term 4 or 6 years.<br />
Key management personnel, i.e. Management of <strong>Gothaer</strong> Finanzholding, received remuneration<br />
in the amount of €5.0 million (PY: €5.5 million) in the financial year.<br />
Provisions in the amount of €11.1 million (PY: €5.9 million) were established for pension<br />
benefits to be paid to this group of individuals upon termination of the employment<br />
relationship.<br />
190 <strong>Gothaer</strong> Group Annual Report 20<strong>09</strong>