Mercedes 2008 Annual Report Download - page 183

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Consolidated Financial Statements |Notes to Consolidated Financial Statements |179
The table below shows the changes in other reserves directly
recognized in equity:
In the line item “total financial assets available for sale,” the
amounts for 2008 include minority interest of €(8) million before
taxes and €(6) million net of taxes (2007: €(3) million before
income taxes, €(2) million net of taxes; 2006: -). The line item
“total derivative financial instruments” includes €(108) million
before income taxes and €(71) net of taxes attributable to minority
interest in 2008 (2007: €83 million before and net of taxes;
2006: -). Minority interest of €46 million before and net of taxes
are included in the line item “currency translation adjustments”
for 2008 (2007: €(12) million before and net of taxes; 2006: €(36)
million before and net of taxes).
20. Share-based payment
As of December 31, 2008, the Group has the following awards
outstanding that were issued under a variety of plans: (1) the
2005-2008 Performance Phantom Share Plans (PPSP), (2) the
Stock Option Plan 2000 (SOP) and (3) the Stock Appreciation
Rights (SAR) Plan from previous years. The SOP 2003 and 2004
are equity-settled share-based payment instruments and are
measured at fair value at the date of grant. PPSP and SAR are
cash-settled share-based payment instruments and are mea-
sured at respective fair value at the balance sheet date.
The PPSP are paid off at the end of the stipulated holding period;
earlier, pro-rated payoff is possible only if certain defined con-
ditions are met. For the SAR Plan, the vesting period has
passed, so that all SARs are exercisable under consideration
of the exercise prices.
The effects on share-based payment arrangements in the income
statements and balance sheets were as follows (before income
taxes):
In 2008, income mainly resulted from the decline in the share
price compared to 2007.
2006
Net of taxesTaxesBefore taxes
2007
Net of taxesTaxesBefore taxes
2008
Net of taxesTaxesBefore taxes
94
(1)
93
1,436
(1,177)
259
(1,621)
(1,269)
3,783
2,514
(27)
–
(27)
(877)
722
(155)
–
(182)
121
(1)
120
2,313
(1,899)
414
(1,621)
(1,087)
(223)
(4)
(227)
1,484
(1,238)
246
(812)
(793)
3,985
3,192
18
2
20
(546)
677
131
–
151
(241)
(6)
(247)
2,030
(1,915)
115
(812)
(944)
(279)
37
(242)
199
(682)
(483)
(53)
(778)
1,414
636
16
–
16
(34)
258
224
–
240
(295)
37
(258)
233
(940)
(707)
(53)
(1,018)
Financial assets available for sale:
Fair value changes recognized in equity
(Income) / expenses reclassified
through profit or loss
Total financial assets available for sale
Derivative financial instruments:
Fair value changes recognized in equity
(Income) / expenses reclassified
through profit or loss
Total derivative financial instruments
Currency translation adjustments
Total income and (expenses) recognized
directly in equity
Net profit
Total income for period
in millions of €
Provision at
December 31,
20072008
Remuneration
expense/(income)
20062007
73
–
–
–
73
161
4
39
24
228
59
.
.
38
97
(75)
–
(8)
(18)
(101)
165
–
8
–
173
PPSP
MTI
SAR
SOP
in millions of €
2008