measure and monitor the processes and report results ... - Refresco.de

Financial review 2010
Identification of related parties
The subsidiaries included in note 3.1 of the company financial statements and above mentioned shareholders are
considered to be related parties. Other identified related parties are: Okil Holding GmbH, Refresco KG, Menken
Dairy Foods B.V., and members of management who are shareholders of the Group. The transactions with these
related parties relate primarily to the shareholding and debt financing of the Group.
Personnel compensation and transactions with Executive and Supervisory Board Members
Executive Board personnel compensation
In addition to their salaries, the Group also provides non­cash benefits to members of the Executive Board and
contributes to a post­employment defined benefit plan on their behalf. In accordance with the terms of the plan,
members of the Executive Board retire at age 65.
Compensation of the Executive Board members comprised the following:
EUR’000
2010 2009
Short­term employee benefits 1,574 1,779
Post­employment benefits 200 203
The remuneration for Supervisory Board members was EUR 339,000 (2009: EUR 96,000).
1,774 1,982
Transactions with key management and directors
The Executive Board members of the Group held (either directly or indirectly) 5.6% of the Company’s ordinary
shares. None of the current members of the Supervisory Board held any shares of the company.