Mercedes 2015 Annual Report Download - page 125

132 B | COMBINED MANAGEMENT REPORT | REMUNERATION REPORT
The total of “payments made” for financial year 2014
is calculated from:
– the base salary in 2014,
– the taxable non-cash benefits and other fringe benefits
in 2014,
– the half of the annual bonus payable in 2015 for 2014 at the
value as of the end of the reporting period in financial year 2014,
– the half of the share-based annual bonus paid in 2014
for 2012,
– the value of the long-term share-based remuneration
(PPSP 2010) paid in 2014,
– the dividend equivalent of the current PPSP
(2011, 2012, 2013 and 2014) paid in 2014, and
– the retirement pension expense in 2014
(service costs in 2014).
The caps possible to ensure the total maximum amount shown
in the table of benefits granted in the year 2014 are implemented
with the payout of PPSP 2014, which constitutes the last pay-
ment to be made of the components of remuneration granted
in 2014. For the year 2014, therefore, the possible cap would
take place in 2018, the year that PPSP 2014 is paid out.
B.56
Payments made
Dr. Dieter Zetsche
Chairman of the Board of Management,
Head of Mercedes-Benz Cars
Dr. Wolfgang Bernhard
Daimler Trucks & Buses
Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31,
2014 2015 2014 2015
In thousands of euros
Base salary 2,008 2,008 779 824
Taxable non-cash benefits and other fringe benefits 163 148 163 90
Total 2,171 2,156 942 914
Annual variable remuneration (50% of annual bonus, short-term) 1,727 2,289 670 939
Deferral (50% of annual bonus, medium-term) 1,583 1,809 564 626
Long-term variable remuneration
Payment of PPSP 2010 7,524 –2,770 –
Payment of PPSP 2011 –6,416 –2,566
Dividend equivalent PPSP 2011 195 –78 –
Dividend equivalent PPSP 2012 154 304 61 122
Dividend equivalent PPSP 2013 143 156 57 62
Dividend equivalent PPSP 2014 98 106 41 45
Dividend equivalent PPSP 2015 –91 –41
Total 11,424 11,171 4,241 4,401
Retirement pension expense (service costs) 827 1,044 380 448
Total remuneration 14,422 14,371 5,563 5,763
Dr. Christine Hohmann-Dennhardt
Integrity & Legal Affairs
Ola Källenius
Mercedes-Benz Cars Marketing & Sales
Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31,
2014 2015 2014 2015
In thousands of euros
Base salary 758 781 –781
Taxable non-cash benefits and other fringe benefits 94 97 –189
Total 852 878 –970
Annual variable remuneration (50% of annual bonus, short-term) 633 851 –890
Deferral (50% of annual bonus, medium-term) 584 626 ––
Long-term variable remuneration
Payment of PPSP 2010 – –––
Payment of PPSP 2011 –2,246 –268
Dividend equivalent PPSP 2011 68 –––
Dividend equivalent PPSP 2012 61 122 –15
Dividend equivalent PPSP 2013 57 62 –8
Dividend equivalent PPSP 2014 39 43 –12
Dividend equivalent PPSP 2015 –36 –36
Total 1,442 3,986 –1,229
Retirement pension expense (service costs) –––117
Total remuneration 2,294 4,864 –2,316