Å kodaAuto ANNUAL REPORT 2006 - Skoda Auto

Remuneration of the Management Staff and Supervisory Board of Škoda Auto
Act No. 256/2004 Coll. On Business Activities on the Capital Market, as amended, requires public companies to disclose, inter alia,
information on all monetary and in-kind income received by executives for the accounting period, separately for all members of the Board
of Directors and of the Supervisory Board, including the principles under which such remuneration was paid.
Remuneration Principles
Under the terms of said Act, the amounts so disclosed include income received from the issuer itself as well as any income that may have
been received from other companies of the Škoda Auto Group in return for work done for the benefit of ŠKODA AUTO a.s.
The fixed component of compensation provides members of the Board of Directors with a monetary base income to allow them to
perform the duties of their office in the Company’s interests, without being exclusively dependent on the Company’s short-term success
criteria.
In addition to the fixed compensation component consisting of wages, compensation also includes a variable component in the form of
bonuses. This variable component, which is largely determined by the Company’s financial performance results, guarantees that the Board
of Directors’ interests are in line with those of the shareholders.
As of the publication date of the 2006 Annual Report, bonuses relating to the accounting period and the meeting of targets set for 2006
had not been approved; they will be paid in 2007. For this reason, the amounts given below contain bonus amounts relating to 2005
performance that have actually been paid. During 2006, members of the Board of Directors and Supervisory Board also received in-kind
income in the form of company cars, accommodation, and training programmes.
The Company did not extend any loans to the Board of Directors/Supervisory board members.
All income, whether monetary and in-kind, received by the Board of Directors/Supervisory board members by virtue of their position
at ŠKODA AUTO a.s., received from the issuer or other companies of the Škoda Auto Group, was as follows:
in CZK 2005 2006
Members of the Board of Directors 13,649,159 16,516,138
Members of the Supervisory Board 1,223,196 1,278,278
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