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O. Related Party Transactions
Only minor business relations exist with the shareholders. The shareholders are:
| Free
Float |
72% |
| Certus Beteiligungs-GmbH |
26% |
| Management |
2% |
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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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