Daimler Annual Report 2011 - Alle jaarverslagen

7 | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
Table 7.44 includes expenses in the consolidated statement
of income resulting from rights of current members of the
Board of Management.
The details shown in the overview do not represent any paid
or committed remuneration, but refer to expense which has
been calculated according to IFRS. Details of the remuneration
of the members of the Board of Management in 2011 can
be found in the Remuneration Report.
Performance Phantom Share Plans. In 2011, the Group
adopted a Performance Phantom Share Plan (PPSP), similar
to that used from 2005 to 2010, under which eligible employees
are granted phantom shares entitling them to receive
cash payments after four years. The amount of cash paid to eligible
employees is based on the number of vested phantom
shares (determined over a three-year performance period)
multiplied by the quoted price of Daimler’s ordinary shares
(calculated as an average price over a specified period at the end
of the four-year plan period). The vesting period is therefore
four years. For the plans granted as of 2009, the quoted price
of Daimler’s ordinary shares to be used for the payout is
limited to 2.5 times the Daimler share price at the date of grant.
The number of phantom shares that vest will depend
on the achievement of corporate performance goals based
on competitive and internal benchmarks (return on net
assets and return on sales).
The Group recognizes a provision for awarding the PPSP.
Since payment per vested phantom share depends on
the quoted price of one Daimler ordinary share, the quoted
price almost completely represents the fair value of each
phantom share. The proportionate remuneration expenses
for the individual years are determined on the basis of
the year-end quoted price of Daimler ordinary shares and
the estimated target achievement.
7.44
Expenses in the consolidated statement of income resulting from share-based payments of current members of the Board of Management
In millions of euros
Dr. Dieter Zetsche Dr. Wolfgang Bernhard Dr. Christine Hohmann-Dennhardt Wilfried Porth
2011 2010 2011 2010 2011 2010 2011 2010
PPSP -4.0 -3.5 -0.9 -0.6 -0.3 – -1.4 -0.9
SOP 2.2 -2.0 – – – – – –
Medium-term component
of the annual bonus -2.0 – -0.7 – -0.6 – -0.7 –
In millions of euros
Andreas Renschler Bodo Uebber Prof. Dr. Thomas Weber
2011 2010 2011 2010 2011 2010
PPSP -1.8 -1.6 -1.9 -1.7 -1.7 -1.5
SOP – – – -0.9 0.9 -0.8
Medium-term component
of the annual bonus -0.8 – -0.9 – -0.7 –
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