N. Related Party Transactions
Only minor business relations exist with the shareholders. The shareholders are:
| Free Float | 72% |
| Certus Beteiligungs-GmbH | 26% |
| Management | 2% |
rep06-en-shareholders.xls (Download size 15 KB)
Transactions with associated companies and not consolidated companies were not material.
Emoluments of the Managing Board
A provision of EUR 4,292 thousand in 2006 (EUR 4,428 thousand in 2005) was recorded for pensions of former Members of the Managing Board and their dependants; the current year expense for these pensions amounted to EUR 169 thousand for 2006 (EUR 548 thousand for 2005).
The following expenses have been recognized for the Managing Board:
| (in TEUR) | 2006 | 2005 | ||
| Short-term benefits | 9,490 | 7,613 | ||
| Post-employment benefits | 1,312 | 1,641 | ||
| Share-based expenses | 498 | 184 | ||
| 11,300 | 9,438 |
rep06-en-emoluments_of_managing_board.xls (Download size 22 KB)
The members of the Supervisory Board received remunerations in the amount of EUR 41 thousand (2005: EUR 45 thousand).
