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

CompensationThe total remuneration of the members of the management board of Südzucker AG Mannheim/Ochsenfurt paid by the company and its subsidiaries in 2002/2003 amounted to 5 4.9 million (ofwhich 5 1.3 million relates to the variable portion of the compensation) and the remuneration for themembers of the supervisory board amounted to 5 1.0 million (variable). In addition, the members ofthe management board received further remuneration of 5 0.3 million and the members of thesupervisory board received further remuneration in the amount of 5 0.1 million for carrying outmanagement functions at various subsidiaries. A total of 5 10.5 million has been provided in respectof pension obligations to former members of the management board and the supervisory board andtheir dependent relatives. Pension payments made during the year 2002/03 amounted to 5 1.1million.There are no loans outstanding by Südzucker AG Mannheim/Ochsenfurt or any of its subsidiaries toany member of the management board or the supervisory board.Share OwnershipNo member of the management board or the supervisory board individually holds sharesrepresenting 1% or more of the shares outstanding. As of July 18, 2003, as a group, members of themanagement board held 32,000 shares, representing 0.018% of the nominal share capital and, as ofJuly 30, 2003, members of the supervisory board held 15,852 shares, representing 0.009% of thenominal share capital.EmployeesOn average there were 14,855 persons employed by Südzucker Group in 2002/03, of which 11,543were employed in the sugar segment. The number of persons in the specialties segment rose to3,312, mainly as a result of the acquisitions. In the fiscal year 2001/02 the total number of employeesreported was 23,638, including Schöller Group. The comparable number of employees for 2001/02 inthe new segment structure without Schöller Group was 15,034. In 2000/01 the average number ofemployees was 28,415 and included Schöller Holding. The decline from 28,415 employees in 2000/01to 23,638 employees in 2001/02 is explained by the fact that in the business year 2001/02 the numberof employees for Schöller Holding were included with a nine months average.In the first half of the fiscal year 2003/04 the average number of employees increased to 16,250(2002/03: 12,968). This was primarily due to the consolidation of the Silesian sugar factories andVallø Saft. 12,770 employees (2002/03: 9,795) were employed in the Sugar segment, 3,480 (2002/03:3,173) were employed in the Specialties segment.Average number of employees duringFirst Half of2003/04 2002/03 2001/02Sugar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,770 11,543 12,148Specialties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,480 3,312 2,886Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,250 14,855 15,034Major ShareholdersSüddeutsche Zuckerrübenverwertungs-Genossenschaft eG, Stuttgart (SZVG) holds a majority of 56%of the shares in Südzucker AG Mannheim/Ochsenfurt for their own benefit and in trust for their ownshareholders. SZVG was founded in 1950 by Southern German beet farmers associations to enabletheir members to participate in the proceeds of the further processing of their raw materials. ZSGBRD Vermögensverwaltung GmbH holds another 10% of the shares.22