Audi 2013 Annual Report Download - page 284

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
ADDITIONAL DISCLOSURES // EVENTS OCCURRING SUBSEQUENT TO THE BALANCE SHEET DATE
CONSOLIDATED FINANCIAL STATEMENTS
281
B
49.5 / REVENUE WITH KEY ACCOUNTS
2013 2012
EUR million in % EUR million in %
Volkswagen AG 4,252 9 4,326 9
Volkswagen AG subsidiaries not belonging to the Audi Group 11,656 23 10,779 22
Two associated companies 9,663 19 9,645 20
50 / GERMAN CORPORATE GOVERNANCE CODE
The Board of Management and Supervisory Board of AUDI AG
submitted the declaration pursuant to Section 161 of the
German Stock Corporation Act (AktG) relating to the German
Corporate Governance Code on November 28, 2013 and sub-
sequently made it permanently accessible on the Audi website
at www.audi.com/cgk-declaration.
51 / DETAILS RELATING TO THE SUPERVISORY BOARD
AND BOARD OF MANAGEMENT
The remuneration paid to members of the Board of Management
for the 2013 fiscal year was EUR 23,445 (22,745) thousand,
of which EUR 5,051 (4,284) thousand related to fixed remu-
neration components and EUR 18,394 (18,461) thousand to
variable components. Additionally, costs of EUR – (6,181) thous-
and were incurred for prior years. As of the balance sheet date
there were still obligations totaling EUR 18,200 (15,000) thou-
sand, for which the corresponding provisions had been made.
Disclosure has not been made of the remuneration paid to each
individual member of the Board of Management, by name,
pursuant to Section 314, Para. 1, No. 6a), Sentences 5 to 9 of
the German Commercial Code (HGB), as the 2011 Annual
General Meeting adopted a corresponding resolution valid for
a period of five years.
Under certain circumstances, members of the Board of Manage-
ment are entitled to retirement benefits and a disability pen-
sion. In the 2013 fiscal year, EUR 8,504 (12,057) thousand
was allocated to the provisions for pensions including transfers
for current members of the Board of Management. As of Decem-
ber 31, 2013, the provisions for pensions totaled
EUR 28,119 (19,615) thousand. Other long-term benefits for
this group totaled EUR 4 (4) thousand.
Former members of the Board of Management and their surviv-
ing dependents received EUR 2,398 (12,207) thousand. This
included payments resulting from termination of office of
EUR 450 (10,258) thousand, with regard to which there re-
mained obligations totaling EUR 2,983 (7,821) thousand as of
the balance sheet date. The provisions for pensions for the above
group of individuals amount to EUR 43,194 (51,458) 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, No. 10 of the German Commercial
Code (HGB) and Section 125, Para. 1, Sentence 5 of the
German Stock Corporation Act (AktG) – are listed in the Notes
to the Annual Financial Report of AUDI AG.
The total remuneration paid to the Supervisory Board of
AUDI AG, pursuant to Section 285, No. 9a of the German
Commercial Code (HGB), was EUR 1,135 (1,050) thousand, of
which EUR 214 (222) thousand related to fixed components
and EUR 921 (828) thousand to variable components. The
actual payment of individual parts of the total remuneration,
which will only be determined upon finalization of the com-
pensatory payment, will be made in the 2014 fiscal year pur-
suant to Section 16 of the Articles of Incorporation and Bylaws.
The system of remuneration for the Supervisory Board and
Board of Management is presented in the remuneration report,
which forms part of the Combined Management Report of the
Audi Group and AUDI AG.
EVENTS OCCURRING SUBSEQUENT
TO THE BALANCE SHEET DATE
There were no events after December 31, 2013 subject to a
reporting obligation in accordance with IAS 10.