2005 Annual report - Virbac

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2005 2004
Remaining Actual average Carrying Remaining Actual average Carrying
(€ thousands) term interest rate as % amount term interest rate as % amount
Fixed-rate borrowing 2 days 3.440 13,000
Variable-rate borrowing 3 days 2.597 7,000 23 days 2.790 5,000
23 days 2.795 5,000
TOTAL 7,000 23,000
Note A7 - Information on related parties
Directors’ remuneration
Fixed Remuneration paid in Variable Total
remuneration respect of appointments remuneration remuneration
(including benefits as directors within
(euros) in kind) Group companies
Mr Eric Marée 240,313 52,401 115,000 407,714
Mr Pierre Pagès 158,265 52,401 60,000 270,666
Mr Christian Karst 142,891 38,000 55,000 235,891
Mr Michel Garaudet 149,972 35,000 184,972
Mr Jean-Pierre Dick 30,638 15,000 45,638
The remuneration paid in respect of the financial year 2005 corresponds to the fixed remuneration paid in 2005, the remuneration
in respect of appointments as directors in Group companies paid in 2005, the variable remuneration paid in 2006 in respect of
2005 and the benefits in kind granted in 2005 (company cars).
Transactions with non-consolidated subsidiaries
Not applicable.
Note A8 - Off-balance sheet commitments
Guarantees given:
- to the Virbac Foundation: €64,500
- to Sanofi/Navetco on behalf of Virbac Vietnam: €76,225
Note A9 - Contingent assets and liabilities
Not applicable.