N. Related Party Transactions
Only minor business relations exist with the shareholders. The shareholders are:
| Free Float | 72% |
| Certus Beteiligungs-GmbH | 26% |
| Management | 2% |
Shareholders (Download size 19 KB)
Transactions with associated companies and not consolidated companies were not material.
Emoluments of the Executive Board
A provision of TEUR 4,318 in 2007 (TEUR 4,292 in 2006) was recorded for pensions of former members of the Executive Board and their dependants; the current year expense for these pensions amounted to TEUR 343 for 2007 (TEUR 169 for 2006).
The following expenses have been recognized for the Executive Board:
| (in TEUR) | 2007 | 2006 | |
| Short-term benefits | 9,383 | 9,490 | |
| Post-employment benefits | 1,903 | 1,312 | |
| Share-based expenses | 642 | 498 | |
| 11,928 | 11,300 |
Emoluments managing board (Download size 28 KB)
The members of the Supervisory Board received remunerations in the amount of TEUR 111 (2006: TEUR 41).