Reebok 2012 Annual Report Download - page 259

adidas Group
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2012 Annual Report
Consolidated Financial Statements
237
2012
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04.8
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Notes
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Notes – Additional Information
Accountant service fees for the auditor of the financial
statements
The expenses for the audit fees comprise the expenses of adidas AG,
Herzogenaurach, as well as all German subsidiaries of adidas AG.
In 2012, the expenses for the professional service fees of the auditor
KPMG AG amounted to € 2.6 million (2011: € 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 (2011: € 0.1 million),
€ 0.0 million (2011: € 0.0 million) and € 0.1 million (2011: € 0.4 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 (2011: € 0.9 million).
Members of the Supervisory Board were not granted any loans in
2012.
Executive Board
In 2012, the overall compensation of the members of the Executive
Board totalled € 6.1 million (2011 restated: € 14.5 million): € 6.1 million
thereof relates to short-term benefits (2011 restated: € 5.9 million) and
€ 0.0 million to long-term benefits (2011: € 8.6 million). Post-employment
benefits (costs for accrued pension entitlements for members of the
Executive Board) totalled € 0.8 million (2011: € 0.7 million).
Based on the restatement of the 2011 consolidated financial
statements due to the financial irregularities at Reebok India
Company
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SEE NOTE 03 and the dependence of the Performance Bonus
on net income attributable to shareholders, a partial repayment of the
Performance Bonuses for the 2011 financial year and for the previous
years concerned of € 0.5 million is to be made. The total compensation
stated for the 2011 financial year is reduced by the 2011 Performance
Bonus amount to be repaid by the Executive Board members.
In 2012, former members of the Executive Board and their survivors
received pension payments totalling € 3.3 million (2011: € 3.3 million).
Provisions for pension obligations relating to former members of
the Executive Board and their survivors amount in total to € 50.8 million
(2011: € 46.2 million).
Members of the Executive Board were not granted any loans in 2012.
Further information on disclosures according to § 314 section 1 no.
6a German Commercial Code (Handelsgesetzbuch – HGB) is provided in
the Compensation Report
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SEE COMPENSATION REPORT, P. 56.
41 Information relating to the German
Corporate Governance Code
Information pursuant to § 161 German Stock Corporation
Act (Aktiengesetz - AktG)
On February 13, 2013, 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 available
on the Group’s corporate website.
42 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 22, 2013. It is the Supervisory Board’s task to
examine the consolidated financial statements and give their approval
and authorisation for issue.
Herzogenaurach, February 22, 2013
The Executive Board of adidas AG