Südzucker International Finance B. V. Südzucker AG ... - Xetra

VIII. Other notes1. Related partiesA related party as defined in IAS 24 is Süddeutsche Zuckerrübenverwertungs-Genossenschaft eG, Stuttgart (SZVG),which holds a majority of the shares in Südzucker AG by means of its own holding of Südzucker shares and theshares held by it on trust for its co-operative members.Items recorded on the accounts held for SZVG in 2002/03 were mainly cash received from dividends and businesstransactions. There is an agreement to pay interest on the balances on these accounts at normal market rates.Assuming that the shareholders' annual general meeting approves the proposed dividend, the total remunerationof members of the executive board of Südzucker AG paid by the company and its subsidiaries amounted toD 4.9 million (of which variable D 1.3 million) and the total remuneration of the members of the supervisory boardamounted to D 1.0 million (variable). In addition, the members of the executive board and of the supervisory boardreceived further remuneration of D 0.4 million for carrying out management functions at various subsidiaries.A total of D 10.5 million has been provided in respect of pension obligations to former members of the executive boardand supervisory board and their dependent relatives. Payments made during the year amounted to D 1.1 million.There were no advances or loans to members of the executive board on February 28, 2003. D 30,700 were repaidduring 2002/03.2. Earnings per share2002/03 2001/02Earnings for the year (excluding minority interests) in D million 259.4 231.9Number of shares 170,339,088 160,182,610Earnings per share in I 1.52 1.45The calculation has been made in accordance with requirements set out in IAS 33.In 2002/03, the number of shares was reduced by the shares as set out in § 160 para. 1 Stock Corporation Law.F-37