Audi 2010 Annual Report Download - page 243

241
Consolidated Financial
Statements
184 Income Statement
185 Statement of Recognized
Income and Expense
186 Balance Sheet
187 Cash Flow Statement
188 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
190 Development of fixed assets
in the 2010 fiscal year
192 Development of fixed assets
in the 2009 fiscal year
194 General information
200 Recognition and
measurement principles
207 Notes to the Income Statement
214 Notes to the Balance Sheet
223 Additional disclosures
242 Events occurring subsequent
to the balance sheet date
243 Statement of Interests
held by the Audi Group
The variable remuneration component paid to each member of the Board of Management com-
prises a bonus in relation to the business performance of the previous two years and, since
2010, a long-term incentive (LTI). Using a launch scenario, the LTI will be granted to the Board
for the first time in 2011, based on the 2010 fiscal year and the anticipated performance in
2011. In 2012, the performance of the 2010 and 2011 fiscal years will be taken into account; in
2013, the performance of 2010 to 2012 will be considered. From 2014 onwards, the preceding
four years will be used as a basis.
Under certain circumstances, members of the Board of Management are entitled to retirement
benefits and a disability pension. EUR 3,419 (2,218) thousand was allocated to the provisions
for pensions for current members of the Board of Management in the 2010 fiscal year. The pro-
visions totaled EUR 10,070 (9,842) thousand as at December 31, 2010.
Former members of the Board of Management and their dependents received EUR 4,193
(2,388) thousand. This included payments resulting from termination of office of EUR 2,600
(368) thousand. The provisions for pensions for this group of individuals amount to
EUR 25,520 (22,241) thousand.
The members of the Board of Management and details of their seats on other supervisory
boards and regulatory bodies – as defined in Section 285, Sentence 1, No. 10 of the German
Commercial Code and Section 125, Para. 1, Sentence 3 of the German Stock Corporation Act
(AktG) – are listed in the Notes to the Annual Financial Report 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 2010 fiscal year in accordance with the appli-
cable provision in the Articles of Incorporation and Bylaws. The total remuneration paid to the
Supervisory Board of AUDI AG, pursuant to Section 285, Para. 9a of the German Commercial
Code, was EUR 698 (638) thousand, of which EUR 195 (189) thousand related to fixed compo-
nents and EUR 503 (450) thousand to variable components.
EXPENSES FOR REMUNERATION OF THE SUPERVISORY BOARD
EUR Fixed Variable Total 2010
Prof. Dr. rer. nat. Martin Winterkorn – – –
Berthold Huber 1) 19,500 54,400 73,900
Dr. rer. pol. h.c. Bruno Adelt 11,000 27,200 38,200
Senator h.c. Helmut Aurenz 11,000 27,200 38,200
Heinz Eyer 1) 11,000 27,200 38,200
Wolfgang Förster (until May 20, 2010) 1) 6,250 15,867 22,117
Dr. rer. pol. h.c. Francisco Javier Garcia Sanz – – –
Johann Horn 1) 10,500 27,200 37,700
Peter Kössler 11,000 27,200 38,200
Peter Mosch 1) 15,500 40,800 56,300
Wolfgang Müller 1) 11,000 27,200 38,200
Prof. Dr. rer. pol. Horst Neumann – – –
Dr.-Ing. Franz-Josef Paefgen – – –
Hon.-Prof. Dr. techn. h.c. Dipl.-Ing. ETH Ferdinand K. Piëch 15,500 40,800 56,300
Dr. jur. Hans Michel Piëch 11,000 27,200 38,200
Dipl.-Wirtsch.-Ing. Hans Dieter Pötsch – – –
Dr. jur. Ferdinand Oliver Porsche 15,500 40,800 56,300
Norbert Rank 1) 15,500 40,800 56,300
Jörg Schlagbauer 1) 13,763 35,549 49,312
Helmut Späth (from May 25, 2010) 1) 6,400 16,320 22,720
Max Wäcker 1) 11,000 27,200 38,200
Total 195,413 502,936 698,349
1) The employees' elected representatives have stated that their remuneration as Supervisory Board members shall be paid to
the Hans Böckler Foundation, in accordance with the guidelines of the German Confederation of Trade Unions.
The actual payment of individual parts of the total remuneration will be made in fiscal 2011,
pursuant to Section 16 of the Articles of Incorporation and Bylaws.