AT&S World

Consolidated Financial Statements as of 31 March 2011
104
The number of granted stock options and personnel expenses
from stock options granted are as follows:
The stock options of Steen E. Hansen vested at the retirement
date (expiration of employment contract) on 31 January 2011 and
are exercisable until 31 January 2012 at the latest. In addition,
reference is made to the comments on the stock option programs
under Note 15 “Trade and other payables”.
Total remuneration to the members of the Management Board
and executive employees attributable to the financial year:
The variable compensation in the financial year 2010/11 of
Steen E. Hansen includes primarily, and the variable compensation
in the financial year 2009/10 of Harald Sommerer relates
exclusively to contractual termination benefits and settlements
of other claims in connection with the early termination of the
management contracts. In addition, the variable compensation in
the financial year 2010/11 of Steen E. Hansen and of Harald Sommerer
includes the cash settlement for exercised stock options.
Expenses for termination benefits and retirement benefits for
members of the Management Board and executive employees are
as follows:
Number of granted stock options
31 March
Personnel expenses
Financial year
(in EUR 1,000)
2011 2010 2010/11 2009/10
Andreas Gerstenmayer 40,000 – 112 –
Heinz Moitzi 120,000 120,000 297 61
Thomas Obendrauf 6,000 – 15 –
Steen Ejlskov Hansen 90,000 120,000 582 61
Harald Sommerer – 160,000 216 178
Total Management Board 256,000 400,000 1,222 300
Total other executive employees 120,000 115,000 328 69
376,000 515,000 1,550 369
Financial year 2010/11 Financial year 2009/10
(in EUR 1,000) fixed variable total fixed variable total
Andreas Gerstenmayer 393 299 692 58 – 58
Heinz Moitzi 308 236 544 314 – 314
Thomas Obendrauf 143 119 262 – – –
Steen Ejlskov Hansen 365 1,999 2,364 365 – 365
Harald Sommerer – 394 394 457 423 880
Executive employees 3,166 1,135 4,301 2,917 – 2,917
8,557 4,534
Termination benefits
Financial year
Retirement benefits
Financial year
(in EUR 1,000) 2010/11 2009/10 2010/11 2009/10
Management Board and executive employees 350 423 225 473