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O. Related Party Transactions     CONSOLIDATED FINANCIAL STATEMENTS 2005 OF THE ANDRITZ GROUP 
  Notes to the Consolidated Financial Statements 

O. Related Party Transactions

Only minor business relations exist with the shareholders. The shareholders are:

Free Float 72%
Certus Beteiligungs-GmbH 26%
Management 2%
shareholders.htm

shareholder.xls (Download size=14848 Bytes): 

Transactions with associated companies and not consolidated companies were not material.

Emoluments of the Managing Board

A provision of EUR 4,428 thousand in 2005 (EUR 4,185 thousand in 2004) has been recorded for pensions of former Members of the Managing Board and their dependants; the current year expense for these pensions amounted to EUR 548 thousand for 2005 (EUR 524 thousand for 2004).

The following expenses have been recognized for the Managing Board:

(in TEUR) 2005   2004  
Short-term benefits 7,613 6,307
Post-employment benefits 1,641 713
Share-based expenses 184   107  
  9,438   7,127  
Compensation.htm

Compensation.xls (Download size=22016 Bytes): 

The compensation for the Supervisory Board in 2005 amount to EUR 45 thousand (2004: EUR 45 thousand).


 
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