Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)14 Directors’ and supervisors’ emoluments (continued)Notes: (continued)(iii) The Bank does not need to pay the emoluments of non-executive directors appointed by Huijin for the services rendered in 2012 and 2011.(iv)(v)The amounts only included fees for their services as supervisors.Other benefits in kind included the Bank’s contributions to medical fund, housing fund and other social insurances, which are payable to labour and security authorities based on the lower ofcertain percentage of the salaries and allowance or the prescribed upper limits as required by the relevant regulations issued by the government authorities. Other benefits also included the Bank’scontribution to its own corporate annuity plan (which was set up in accordance with the relevant policies issued by the government authorities) and supplementary medical insurance.None of the directors and supervisors received any inducements or compensation for loss of office, or waived any emoluments during the years ended 31 December 2011 and 2012.(vi)(vii)The total compensation package for these directors and supervisors for the year ended 31 December 2012 has not yet been finalised in accordance with regulations of the PRC relevant authorities.The amount of the compensation not provided for is not expected to have significant impact on the Group’s and the Bank’s financial statements for the year ended 31 December 2012. The finalcompensation will be disclosed in a separate announcement when determined.The total compensation package for certain directors and supervisors for the year ended 31 December 2011 had not been finalised in accordance with regulations of the PRC relevant authorities tillthe date that the 2011 financial statements were announced. The aforesaid total compensation package for the directors and supervisors for the year ended 31 December 2011 was the final amountand the Bank made the relevant supplementary announcement on 8 June 2012.15 Individuals with highest emolumentsNone of the five individuals with the highest emoluments are directors or supervisors whose emoluments are disclosed in Note 14. Theaggregate of the emoluments before individual income tax in respect of the five highest paid individuals during the year is as follows:2012 2011RMB’000 RMB’000Salaries and allowance 15,068 12,781Variable compensation 16,560 32,452Contributions to defined contribution retirement schemes 1,564 902Other benefit in kind 215 18633,407 46,321The number of these individuals whose emoluments before individual income tax are within the following bands is set out below.2012 2011RMB5,000,001 – RMB5,500,000 1 –RMB5,500,001 – RMB6,000,000 1 –RMB6,000,001 – RMB6,500,000 1 –RMB6,500,001 – RMB7,000,000 1 –RMB8,000,001 – RMB8,500,000 – 1RMB8,500,001 – RMB9,000,000 – 1RMB9,000,001 – RMB9,500,000 1 1RMB9,500,001 – RMB10,000,000 – 1RMB10,000,001 – RMB10,500,000 – 1None of these individuals received any inducements, or compensation for loss of office, or waived any emoluments during the year ended31 December 2012 and 2011.China Construction Bank Corporation annual report 2012121