Porsche 2006 Annual Report Download - page 180

Download and view the complete annual report

Please find page 180 of the 2006 Porsche annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 190

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190

178
(38) Remuneration of Supervisory Board and the Executive Board
The remuneration of the Executive Board consists of a basic salary and a profit-based variable component.
The remuneration of the Executive Board for the fiscal year 2006/07 are all short-term and totaled
112.7 million Euro (previous year: 45.2 million Euro). This figure includes profit-based components of
107.3 million Euro (previous year: 40.1 million Euro). In addition, an amount of T€ 2,824 (previous year:
T€ 4,032) was transferred to the pension provisions for active members of the Executive Board. As of the
balance sheet, the pension provisions accrued for members of the Executive Board came to a total of
25.9 million Euro (previous year: 26.5 million Euro). The pension obligations to former members of the
Executive Board and their survivors amount to 24.4 million Euro (previous year: 21.1 million Euro).
Benefit payments came to 1.0 million Euro (previous year: T€ 997). The total remuneration of the Super-
visory Board for the 2006/07 fiscal year amounts to 1.6 million Euro (previous year: 1.3 million Euro).
These are also all short-term. The pension provisions are disclosed in note 27 Pension Provisions and have
been recorded in full in accordance with the corridor method pursuant to IAS 19. There are no further
obligations towards the Supervisory Board and Executive Board.
(39) Auditor’s fees
The auditor’s fees recorded as an expense in the fiscal year pursuant to §314 (1) No. 9 HGB break down
as follows:
July 31, 2007 July 31, 2006
T€ T€
Audits of financial statements 698 693
Other assurance or valuation services 64 79
Tax advisory services 146 130
Other services 453 226
Total expenses 1,361 1,128