Annual Financial Statements 2011 of Bank Austria

Notes to the Financial Statements of UniCredit Bank Austria AG
Payments to former members of the Management
Board and their surviving dependants (excluding
payments into pension funds) totalled
EUR 8,459,928.63 (of this total, EUR 5,032,052.57
was paid to former Management Board members of
Creditanstalt AG, which merged with Bank Austria in
2002, and their surviving dependants;
EUR 1,604,062.70 was paid to former Management
Board members of Österreichische Länderbank AG,
which merged with Zentralsparkasse in 1991, and their
surviving dependants). The comparative figure for the
previous year was EUR 8,609 thsd. Emoluments for
activities in group companies paid to this group of
persons amounted to
EUR 334,980.49 (2010: EUR 423 thsd).
The emoluments of the Supervisory Board members
active in the 2011 financial year totalled
EUR 345,475.04 (2010: EUR 316 thsd) for UniCredit
Bank Austria AG and EUR 1,880.00 (2010: EUR 2
thsd) for the two credit associations.
6.4. Loans and advances to Management Board
members and Supervisory Board members
Loans to Management Board members are stated at
EUR 1,689,335.02 (2010: EUR 1,045 thsd). Account
overdrafts granted to members of the Management
Board amounted to EUR 2,865.75 (2010: EUR 28
thsd). Repayments during the business year totalled
EUR 71,467.88 (2010: EUR 37 thsd).
Loans to Supervisory Board members amounted to
EUR 360,414.62 (2010: EUR 552 thsd). Account
overdrafts granted to members of the Supervisory
Board totalled EUR 45,225.68 (2010: EUR 274 thsd).
Repayments during the business year totalled
EUR 21,657.32 (2010: EUR 44 thsd).
1.a) Stock options - Members of the Management Board
Management Board
Year in which stock
options were granted
Number of shares that may be Exercise price or basis
Number of options granted
purchased
or formula
Loans and advances to the Supervisory Board include
those made to members of the Employees’ Council
who are members of the Supervisory Board. The
maturities of the loans range from five to twenty-five
years. The rate of interest payable on these loans and
advances is the rate charged to employees of
UniCredit Bank Austria AG.
6.5. Share-based payments
The Management Board and selected executives of
UniCredit Bank Austria AG participate in the UniCredit
share-based payment scheme of UniCredit Group. The
share-based payment arrangements relate to Stock
Options and Performance Shares for activities in
UniCredit Bank Austria AG, based on shares in the
parent company UniCredit S.p.A.
UniCredit calculates the economic value of the sharebased
payment arrangements on a uniform basis for
the entire Group (Hull & White evaluation model) and
provides the Group companies with relevant
information. In UniCredit Bank Austria AG, the total
amount recognised in the profit and loss account as at
31 December 2011 was EUR 3,274,114.94 (2010:
EUR 396 thsd). A cash-based payment model was
adopted in 2009.
The number and distribution of Stock Options granted
to Management Board members in the respective
financial years, the exercise price, the maturity, the
periods during which Stock Options may be exercised,
the transferability of Stock Options, the minimum
holding period (blocking period), the conditions of
transferability and exercise, and the fair value as at 31
December 2011 can be seen from the following table:
Maturity
Period during which stock
options may be exercised
2004 55,500 55,500 4.018 03.09.2008 9 years
2005 305,500 305,500 4.817 25.11.2009 9 years
2006 248,400 248,400 5.951 28.06.2010 9 years
2007 221,304 221,304 7.094 13.07.2011 6 years
2008 503,867 503,867 4.185 25.06.2012 6 years
2009 0 0 - - -
2010 0 0 - - -
2011 857,286 857,286 1.807 31.07.2014 6 years
Total Management Board 2004-2011 2,191,857 2,191,857 - - -
Of which
Cernko 0 498,421 498,421 1.807 31.07.2014 6 years
Tomanek 0 132,912 132,912 1.807 31.07.2014 6 years
Hauser 0 79,747 79,747 1.807 31.07.2014 6 years
Fossati 0
12) 12)
- - -
Zadrazil 0 99,684 99,684 1.807 31.07.2014 6 years
Giordano 0
12) 12)
- - -
Hengl 0 46,519 46,519 1.807 31.07.2014 6 years
Total Management Board 0 857,286 857,286 1.807 31.07.2014 6 years
Transferability Blocking period
1)
1)
1)
1)
1)
-
-
1)
-
1)
1)
1)
-
1)
-
1)
1)
Fair value as at
31 Dec. 2011 in EUR 9)
No 55,389.00
No 322,241.40
No 315,219.60
No 294,157.28
No 330,133.66
- 0.00
- 0.00
No 516,000.44
- 1,833,141.38
No 299,999.60
No 79,999.73
No 47,999.72
- 0.00
No 59,999.80
- 0.00
No 27,999.79
No 516,000.44
Bank Austria – Annual Financial Statements 2011 234