Audi 2014 Annual Report Download - page 281

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
EVENTS OCCURRING SUBSEQUENT TO THE BALANCE SHEET DATE
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50 / DETAILS RELATING TO THE SUPERVISORY BOARD
AND BOARD OF MANAGEMENT
The remuneration paid to members of the Board of Management
for the 2014 fiscal year totaled EUR 24,908 (23,445) thousand,
of which EUR 4,939 (5,051) thousand related to fixed remu-
neration components and EUR 19,969 (18,394) thousand
to variable components. There were obligations totaling
EUR 17,940 (18,200) thousand as of the balance sheet date,
for which appropriate provisions have 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) of the German Com-
mercial 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 2014 fiscal year, EUR 16,287 (8,504) thousand was
allocated to provisions for pensions, including transfers, for cur-
rent members of the Board of Management. As of December 31,
2014, the provisions for pensions totaled
EUR 33,882 (28,119) thousand. Other long-term benefits for
this group totaled EUR 4 (4) thousand.
Former members of the Board of Management and their sur-
viving dependents received EUR 8,017 (2,398) thousand. This
included payments resulting from termination of office of
EUR 6,003 (450) thousand, with regard to which there re-
mained obligations totaling EUR 5,345 (2,983) thousand as
of the balance sheet date. The provisions for pensions for the
above group of individuals amount to
EUR 67,868 (43,194) 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 remuneration paid to the Supervisory Board of AUDI AG,
pursuant to Section 314, Para. 1, No. 6a) of the German Com-
mercial Code (HGB), is EUR 1,417 (1,135) thousand, of which
EUR 208 (214) thousand related to fixed components and
EUR 1,209 (921) thousand to variable components. The actual
payment of individual parts of the total remuneration, which
will only be determined upon finalization of the compensatory
payment, will be made in the 2015 fiscal year pursuant 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 is a 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, 2014 subject to a
reporting obligation in accordance with IAS 10.