DHL 2003 Annual Report Download - page 138
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Future lease obligations from non-cancelable leases relate
primarily to the following companies:
The purchase obligation for investments in noncurrent assets
amounted to €1,625 million (previous year: €1,760 million).
Related party disclosures
In addition to the consolidated subsidiaries, Deutsche Post World
Net has direct or indirect relationships with a large number of un-
consolidated subsidiaries and associates in the course of its ordinary
business activities. In the course of these activities, all transactions
for the provision of goods and services entered into with unconsoli-
dated companies were conducted on an arm’s length basis at standard
market terms and conditions.
49
All companies classified as related parties that are controlled
by Deutsche Post World Net or on which the Group can exercise
significant influence are recorded in the list of shareholdings together
with information on the equity interest held, their equity, and their
net profit or loss for the period, broken down by Corporate Division.
The list of shareholdings is filed with the commercial register of
the Bonn Local Court.
Further details of the obligations to the Federal Republic of
Germany relating to contribution payments to Bundes-Pensions-
Service für Post und Telekommunikation e.V. can be found in notes
12 and 37.
The remuneration of members of the Board of Management
contains a fixed and a variable component. In addition to bonuses,
members of the Board of Management receive a variable remuner-
ation component with a long-term incentive effect in the form of
options under the Company’s stock option plan. Further details can
be found in note 33. In fiscal year, the remuneration paid to active
members of the Board of Management amounted to €10.2 million
(previous year: €7.4 million). Of this amount, €4.7 million related
to fixed components and €5.2 million to bonuses. The value attrib-
utable to fiscal year 2003 of the stock options granted to members
of the Board of Management under the 2000 and 2003 stock option
plans totaled €2.06 million. The remuneration of the Board of
Management was broken down as follows:
Remuneration of the Board of Management
Change in value
Fixed
of stock options
component Bonus
Total
allocated
in € in € in € 2003
Dr. Klaus Zumwinkel, Chairman 862,500.00 862,500.00 1,725,000.00 390,001.20
Dr. Frank Appel 400,000.00 400,000.00 800,000.00 109,605.96
Uwe Rolf Dörken 575,000.00 1,075,000.00* 1,650,000.00 259,992.36
Dr. Edgar Ernst 575,000.00 575,000.00 1,150,000.00 259,992.36
Dr. Peter E. Kruse 575,000.00 575,000.00 1,150,000.00 259,992.36
Dr. Hans-Dieter Petram 575,000.00 575,000.00 1,150,000.00 259,992.36
Walter Scheurle 575,000.00 575,000.00 1,150,000.00 259,992.36
Prof. Wulf von Schimmelmann 575,000.00 575,000.00 1,150,000.00 259,992.36
4,712,500.00 5,212,500.00 9,925,000.00 2,059,561.32
* Thereof €517,500.00 bonus for fiscal year 2002 paid in 2003
Future lease obligations
in €m 2002 2003
Deutsche Post AG 2,770 2,391
Express and logistics companies 2,185 2,325
Deutsche Postbank group 254 264
Other Group companies 398 580
5,607 5,560