annual report 2009 - bei der Hamborner REIT AG

to our sHareHolders management report Financial statements supplementary inFormation
The remuneration of active members of the Managing Board for the 2009 financial year is
made up as follows on the basis of the existing service contracts and the associated, separately
concluded results-related profit-sharing arrangements:
in T€ Fixed
remuneration
Variable
remuneration
Other * Total
Dr. Rüdiger Mrotzek 135 149 28 312
Hans Richard Schmitz 144 150 29 323
Total 279 299 57 635
* Other emoluments include monetary benefits from the personal use of company cars and contributions to
insurance policies.
A lump-sum settlement to the level of the cash value of the fixed remunerations to be paid
up to the normal expiration of the contract is due to both members of the Managing Board
in the event of an early termination of service contracts. According to the recommendations
of the German Corporate Governance Code, the indemnifications are limited to a maximum
of two annual remuneration packages including additional benefits.
Also following the recommendations of the German Corporate Governance Code, the profitrelated
(variable) remuneration due to the Managing Board, which is paid out once a year as
a profit-sharing bonus, is primarily dependent on the long-term development of the FFO
from the 2010 financial year. In addition, the development of the NAV and the attainment
of individually agreed targets are included in the calculation. The structure of the Managing
Board remuneration is subject to a periodic review by the Supervisory Board.
The total remunerations of former members of the Managing Board of the company
amounted to €431,000 in the reporting year. This includes a residual profit-sharing bonus
for the 2008 financial year paid to a retired member of the Managing Board. The pensions
provisions formed for this group of people amount to €3,547,000 .
Pension commitments
With agreements from July 2009, an occupational pension scheme was granted to the directors,
with effect from January 1, 2010 and March 1, 2010 respectively, in the form of an
employer-financed defined benefit based on contributions implemented by means of the
covered benevolent fund. The commitment applies for the duration of the service contracts
with a monthly amount of €1,250 each.
Miscellaneous
Loans were not granted to members of the Managing Board by the company. No member
of the Managing Board received benefits or corresponding commitments from a third party
in the past financial year with regard to his activity as a member of the Managing Board.
Remuneration of the Supervisory Board
The remuneration of the Supervisory Board is regulated in Art. 13 of the Articles of
Association. Supervisory Board remuneration is geared to the size of the company, the
functions and the responsibility of the members of the Supervisory Board and depends
significantly on the economic success of the company. The fixed remuneration amounts to
€15,000 and the variable remuneration to €500 per €0.01 by which the undiluted earnings
per share exceed the amount of €0.15. The variable remuneration is limited to twice the
fixed remuneration. The Chairman of the Supervisory Board receives twice the remuneration,
annual report 2009 | Hamborner reit ag
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