Daimler Annual Report 2011 - Alle jaarverslagen

In the line item “Unrealized gains/losses from investments
accounted for using the equity method,” the amounts for
2011 include the following components (amounts attributable
to shareholders of Daimler AG only): unrealized gains from
currency translation adjustments before taxes and net of taxes
of €5 million (2010: unrealized gains before taxes and net
of taxes of €40 million), unrealized gains from financial assets
available for sale before taxes of €15 million and net of
taxes of €19 million (2010: unrealized losses before taxes
of €15 million and net of taxes of €19 million) and unreal ­
ized losses from derivative financial instruments before taxes
of €65 million and net of taxes of €44 million (2010: unrealized
losses before taxes of €486 million and net of taxes
of €336 million).
The changes in other reserves directly recognized in equity
that are attributable to non-controlling interest are shown
in table 7.42.
The PPSP are paid out at the end of the stipulated holding
period; earlier, pro-rated payoff is possible only if certain
defined conditions are met. PPSP 2007 was paid out as planned
in the first quarter of 2011.
Moreover, starting with the annual bonus for 2011, 50%
of the annual bonus of the members of the Board of Management
will be paid out after a waiting period of one year.
The actual payout is determined by the development of the
Daimler share compared to an automobile related index
(Auto-STOXX). The fair value of this medium-term annual bonus,
which depends from this development, is measured by
using the intrinsic value at the reporting date.
The pre-tax effects of share-based payment arrangements
for the executive managers of the Group and the members
of the Board of Management of Daimler AG on the consolidated
statement of income and statement of financial position
are presented in table 7.43.
21. Share-based payment
As of December 31, 2011, the Group has the 2008-2011
Performance Phantom Share Plans (PPSP) and the Stock Option
Plans 2002-2004 outstanding. The unexercised rights from
Stock Option Plan 2001 expired on April 1, 2011. The exercisable
stock options of 2003 and 2004 are equity-settled sharebased
payment instruments and are measured at fair value
at the date of grant. The PPSP are cash-settled share-based
payment instruments and are measured at their respective fair
values at the balance sheet date.
7.42
Changes in other reserves directly recognized in equity attributable to non-controlling interest
In millions of euros
Before
taxes
Taxes
2011
Net of
taxes
Before
taxes
Taxes
2010
Net of
taxes
Unrealized gains/losses from currency translation adjustments 43 – 43 48 – 48
Unrealized gains/losses from investments accounted for using
the equity method -17 10 -7 -196 62 -134
Other comprehensive income/loss 26 10 36 -148 62 -86
7.43
Effects of share-based payment
In millions of euros
Remuneration
Provision
expense at December 31,
2011 2010 2011 2010
PPSP -85 -69 141 124
SOP 4 -4 – –
Medium-term component of annual bonus of the
members of the Board of Management -6 – 6 –
-87 -73 147 124
212