Adidas 2003 Annual Report Download - page 154
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34 /// OTHER INFORMATION
Employees
The average numbers of employees are as follows:
EMPLOYEES
Year ending December 31
2003 2002
Sales companies 9,476 8,935
Sourcing/Production 3,382 3,198
Global marketing/ Research and development 1,647 1,512
Central functions 906 816
Total 15,411 14,461
Remuneration of the Supervisory Board and the Executive Board of adidas-Salomon AG
REMUNERATION OF SUPERVISORY AND EXECUTIVE BOARD MEMBERS € in thousands
Year ending December 31
2003 2002
Supervisory Board remuneration 294 218
Executive Board remuneration 7,502 6,791
Thereof:
Fixed components 3,108 2,955
Variable components 4,200 3,450
Benefits in kind 159 386
Share-based compensation 35 –
Remuneration of former members of the Executive Board 1,292 1,914
Thereof:
Pension payments to former members of the Executive Board 924 73
Pension obligations regarding former members of the Executive Board 34,032 32,726
Supervisory Board remuneration comprises only fixed components. In addition to the total
remuneration indicated above, two members of the Supervisory Board received € 0.5 million in total
for additional advisory activities for the years ending December 31, 2003 and 2002 respectively.
The remuneration for the Executive Board is divided into fixed and variable components and
components with long-term incentive impact. The variable component is contingent upon the
attainment of individual and Group targets.
Under the management stock option plan (MSOP) of adidas-Salomon AG, members of the
Executive Board held non-transferable stock options on 127,600 shares and 142,600 shares of
adidas-Salomon AG as at December 31, 2003 and 2002 respectively. In addition, former members
of the Executive Board held non-transferable stock options on 10,000 shares of adidas-Salomon AG
as at December 31, 2003. In 2003, members of the Executive Board did not receive any stock options
(2002: 39,000). In 2003, members of the Executive Board exercised 5,000 stock options. Details of
the management stock option plan are also included in these notes (see note 32).
150 FINANCIAL ANALYSIS CONSOLIDATED FINANCIAL STATEMENTS (IFRS) /// ADDITIONAL INFORMATION