Annual Report 2012 - Investor Relations

74Notes to the Financial Statements of Cham Paper Group Holding AG7. Changes in shareholders’ equityShare capitalTCHFCapitalcontributionreservesTCHFGeneral legalreservesTCHFReservesfor treasurysharesTCHFFreereservesTCHFRetainedearningsbroughtforwardTCHFBalance as at 1 January 2012 48,425 23,983 22,815 13,610 127,869 –116,936 119,766Allocation to free reserves – – – – –120,000 120,000 –Adjustment of reserves for treasury shares – – – –1,014 1,014 – –Net income for the year – – – – – 806 806Balance as at 31 December 2012 48,425 23,983 22,815 12,596 8,883 3,870 120,572TotalTCHFAs of 31 December 2012 and 31 December 2011, the share capital of Cham Paper Group Holding AG consisted of 745,000 registeredshares with a par value of CHF 65.00 each.Balance as at 1 January 2011 48,425 27,465 22,815 14,630 86,849 50,307 250,491Allocation to free reserves – – – – 40,000 –40,000 –Adjustment of reserves for treasury shares – – – –1,020 1,020 – –Reversal of legal capital contribution reserves – –3,482 – – – 3,482 –Cash dividend – – – – – –3,482 –3,482Net loss for the year – – – – – –127,243 –127,243Balance as at 31 December 2011 48,425 23,983 22,815 13,610 127,869 –116,936 119,7668. Significant shareholdersAccording to the information available, the following shareholders held more than 3% of the shares of Cham Paper Group Holding AGas at 31 December 2012: Buhofer shareholder group (BURU Holding AG, Philipp Buhofer, Heinz Buhofer, all Hagendorn) with 40.89%(2011: BURU Holding AG, Philipp Buhofer, Heinz Buhofer, all Hagendorn, with 40.41%), LB (Swiss) Investment AG, Zurich, with 5.61%(2011: 4.80%).Cham Paper Group Holding AG is not aware of any shareholders’ agreements or other arrangements between the significant shareholdersof the company regarding the registered shares of Cham Paper Group Holding AG held by them or regarding the exercise of shareholders’rights.9. Compensation of the Board of Directors and the Executive Management BoardCompensation of Board of Directors membersCompensation of current and former members of the Board of Directors in FY 2012 and 2011:Compensation of Board of Directors members in 2012 FunctionBase salary 1)TCHFAttendancefees 1)TCHFConsultancyfees 2)TCHFCompensationofExecutiveCommitteeTCHFTotalTCHFPhilipp Buhofer Chairman 200 32 49 – 281René Furler (until 2012 AGM) Vice Chairman 14 7 – – 21Urs Ziegler (from 2012 AGM) Vice Chairman 42 31 24 17 114Niklaus Peter Nüesch (from 2012 AGM) Member 21 10 – – 31Hans Schaller Member 33 29 3 – 65Peter Schmid Member 34 26 15 – 75Felix Thöni Member 34 26 19 – 79Total paid to Board of Directors members 378 161 110 17 666