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Notes Consolidated Financial Statements
Deutsche Post World Net Annual Report 2007
52.2 Related-party disclosures (individuals)
In accordance with IAS , Deutsche Post World Net also reports on
transactions between Deutsche Post World Net and related parties or
the members of their families. Related parties are de ned as the Board
of Management, Supervisory Board, heads of corporate departments
or business departments (second-level executives) and the members of
their families.
ere were no reportable transactions between members of the Board
of Management and their families and Deutsche Post World Net in
nancial year . In some cases, members of the Supervisory Board
were involved in legal transactions with Deutsche Post AG. ese mainly
related to services rendered and loans granted by Deutsche Postbank AG.
e volume of these transactions was approximately million. In two
cases, second-level executives indicated to have concluded agreements
with Deutsche Post. e transactions mainly consisted of rendering con-
sulting and other services for Deutsche Post World Net; the transac-
tions had a total volume of . million. Deutsche Postbank AG granted
loans to the second-level executives in the total amount of . million.
e terms to maturity vary between ve and years. Unless a vari-
able interest rate had been agreed, the rate is between . and ..
e amount of the loans was . million as at December . All
transactions were conducted at conditions customary in the market and
within the scope of global authorisations adopted in relation to loans to
managers by Deutsche Postbank AG in accordance with Section of the
Kreditwesengesetz (German banking act).
e remuneration of key management personnel of the Group requiring
disclosure under IAS comprises the remuneration of the active Board
of Management and Supervisory Board members. e active members
of the Board of Management and the Supervisory Board were remuner-
ated as follows:
T € 2006 2007
Short-term employee benefi ts
(less share-based remuneration) 19,555 16,599
Post-employment benefi ts 4,227 4,066
Termination benefi ts 0 8,363
Share-based remuneration 3,620 3,571
Total 27,402 32,599
e post-employment bene ts are recognised as the service cost result-
ing from the pension provisions for active members of the Board of
Management.
e share-based remuneration amount relates to the share-based remu-
neration expense recognised in .
e share-based remuneration expense for nancial year is shown
in the table below:
€Stock options SARs Total
Dr Klaus Zumwinkel,
Chairman
241,616 646,850 888,466
John Allan 0 34,833 34,833
Dr Frank Appel 161,076 431,233 592,309
Prof. Dr Edgar Ernst
(Member of the Board
of Management until
30 September 2007)
139,366 288,592 427,958
Jürgen Gerdes
(Member of the Board
of Management since
1 July 2007)
11,366 104,672 116,038
Dr Wolfgang Klein
(Member of the Board
of Management since
1 July 2007)
000
John P. Mullen 106,270 431,233 537,503
Dr Hans-Dieter Petram
(Member of the Board
of Management until
30 June 2007)
117,656 145,950 263,606
Walter Scheurle 161,076 431,233 592,309
Prof. Dr Wulf von
Schimmelmann
(Member of the Board
of Management until
30 June 2007)
117,656 0 117,656
Share-based remuneration 1,056,082 2,514,596 3,570,678
Further details on the remuneration of, and the shares held by, the Board
of Management and the Supervisory Board can be found in the Cor-
porate Governance Report. e remuneration report contained in the
Corporate Governance Report also forms part of the Notes.
Reportable transactions
For the transactions of Board of Management and Supervisory Board
members involving securities of the company and noti ed to Deutsche
Post AG in accordance with Section a of the Wertpapierhandelsgesetz
(German securities trading act), please refer to the company website at
www.dpwn.com.