Audi 2008 Annual Report Download - page 244

225
Consolidated Financial
Statements
170 Income Statement
171 Balance Sheet
172 Cash Flow Statement
173 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
174 Development of
fixed assets 2008
176 Development of
fixed assets 2007
178 General information
183 Recognition and
measurement principles
189 Notes to the Income
Statement
196 Notes to the Balance Sheet
209 Additional disclosures
227 Events occurring subsequent
to the balance sheet date
228 Statement of Interests
held by the Audi Group
In the 2008 fiscal year, 950 stock options were exercised by members of the Board of Manage-
ment of AUDI AG. On December 31, the members of the Board of Management no longer held
any convertible bonds.
Under certain circumstances, members of the Board of Management are entitled to retirement
benefits and a disability pension. The amount of EUR 1,374 (2,064) thousand was allocated to
the provisions for pensions for current members of the Board of Management during the 2008
fiscal year; the provisions for pensions on December 31, 2008 totaled EUR 7,624 (7,116) thou-
sand.
Former members of the Board of Management and their surviving dependants received pay-
ments totaling EUR 3,353 (1,957) thousand. These included payments resulting from termina-
tion of office of EUR 1,342 (0) thousand. The provisions for pensions for this group of individ-
uals amount to EUR 21,761 (21,083) thousand.
The members of the Board of Management, together with their seats on other supervisory
boards and regulatory bodies – pursuant to Section 285, Sentence 1, No. 10 of the German
Commercial Code and Section 125, Para. 1, Sentence 3 of the German Stock Corporation Act –
are indicated in the Notes to the Financial Statements of AUDI AG.
The basic features of the remuneration paid to members of the Supervisory Board are stipulated
in Section 16 of the Articles of Incorporation and Bylaws. The total short-term remuneration
comprises fixed and variable components. The level of the variable remuneration components is
based on the compensatory payment made for the 2008 fiscal year in accordance with the ap-
plicable provision in the Articles of Incorporation and Bylaws. The remuneration paid to mem-
bers of the Supervisory Board of AUDI AG totaled EUR 600 (558) thousand, including EUR 193
(175) thousand in fixed remuneration components and EUR 407 (383) thousand in variable
remuneration components.