Reebok 2011 Annual Report Download - page 219

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adidas Group
2011 Annual Report
CONSOLIDATED FINANCIAL STATEMENTS
215
2011
215
2011
04.8 Notes Notes – Additional Information
Accountant service fees for the auditor of the
financial statements
In 2011, the expenses for the professional service fees of the auditor
KPMG AG amounted to € 0.8 million (2010: € 0.8 million).
Expenses for tax consultancy services provided by the auditor,
for other confirmation services provided by the auditor and for other
services provided by the auditor amounted to € 0.1 million (2010:
€ 0.0 million), € 0.0 million (2010: € 0.0 million) and € 0.4 million
(2010: € 0.0 million), respectively.
Remuneration of the Supervisory Board and the
Executive Board of adidas AG
Supervisory Board
Pursuant to the Articles of Association, the Supervisory Board
members’ fixed annual payment amounted to € 0.9 million (2010:
€ 0.9 million).
Members of the Supervisory Board were not granted any loans
in 2011.
Executive Board
In 2011, the overall compensation of the members of the Executive
Board totalled € 14.8 million (2010: € 11.5 million): € 6.2 million thereof
relates to short-term benefits (2010: € 7.1 million) and € 8.6 million to
long-term benefits (2010: € 4.4 million). Post- employment benefits
(costs for accrued pension entitlements for members of the Executive
Board) totalled € 0.7 million (2010: € 0.5 million).
In 2011, former members of the Executive Board and their
survivors received pension payments totalling € 3.3 million (2010:
€ 3.2 million).
Provisions for pension obligations relating to former members
of the Executive Board and their survivors amount in total to
€ 46.2 million (2010: € 45.9 million).
Members of the Executive Board were not granted any loans in
2011.
Further information on disclosures according to § 314 section 1 no. 6a
German Commercial Code (Handelsgesetzbuch – HGB) is provided in
the Compensation Report
SEE COMPENSATION REPORT, P. 50
.
40 Information relating to the German
Corporate Governance Code
Information pursuant to § 161 German Stock Corporation
Act (Aktiengesetz – AktG)
On February 13, 2012, the Executive Board and Supervisory Board of
adidas AG issued the updated declaration of conformity in accordance
with §161 AktG. The full text of the Declaration of Compliance is avail-
able on the Group’s corporate website.
41 Events after the balance sheet date
Group-specific subsequent events
No Group-specific subsequent events are known which might have
a material influence on the assets, liabilities, financial position and
profit or loss of the Group.
Date of preparation
The Executive Board of adidas AG prepared and approved the
consolidated financial statements for submission to the Supervisory
Board on February 15, 2012. It is the Supervisory Board’s task to
examine the consolidated financial statements and give their approval
and authorisation for issue.
Herzogenaurach, February 15, 2012
The Executive Board of adidas AG