Annual Report 2001 - Bohler Uddeholm materializing visions

Notes to the Consolidated Financial Statements 2001
70 BÖHLER-UDDEHOLM Annual Report 2001
30. DECLARATION OF EXEMPTION
These consolidated financial statements represent an exemption — besides other companies
— especially for Eschmann Stahl GmbH & Co KG, Gummersbach, according to Par. 264b
of the German Commercial Code.
31. DETAILS OF COMPANY BODIES AND PERSONNEL
Total personnel expenses
in m€ 2001 2000
Wages 161.7 156.1
Salaries 164.2 160.7
Costs of severance payments 2.5 3.7
Costs of provisions for pensions
Costs of statutory benefits
9.3 7.5
and payroll-based contributions 84.1 82.1
Other employee benefits 5.6 5.7
Total 427.4 415.8
Compensation paid to members of the Management Board of BÖHLER-UDDEHOLM AG totalled
1.8 m€ for the reporting year (previous year: 2.5 m€). Expenses for severance payments
and pensions in 2001 is as follows:
Expenses for severance
payments and pensions Severance payments Pension payments
in m€ 2001 2000 2001 2000
Members of the Board,
management and
management staff 0.3 0.4 2.4 2.9
Other employees 2.2 3.3 6.9 4.6
Total 2.5 3.7 9.3 7.5
Average number of employees 2001 2000
Wage staff 5,403 5,176
Salaried staff 3,876 3,764
Apprentices 273 239
Total 9,552 9,179