Mercedes 2010 Annual Report Download - page 250

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36. Remuneration of the members of the Board of
Management and the Supervisory Board
Remuneration granted to the members of the Board of
Management and the Supervisory Board affecting net profit/
loss for the period ended December 31 was as follows:
2010 2009
In millions of euros
Remuneration granted to the members
of the Board of Management
Fixed remuneration 4.8 4.8
Short-term variable remuneration 13.5 1.8
Variable remuneration with a long-term
incentive effect
13.5
4.5
Post-employment benefits (service cost) 1.9 1.7
Termination benefits ––
33.7 12.8
Remuneration granted to the members
of the Supervisory Board
2.7
2.6
36.4 15.4
Expenses for variable remuneration with long-term incentive
effect, shown in the table above, result from the ongoing mea-
surement at fair value at each balance sheet date of all rights
granted and not yet forfeited under the Performance Phantom
Share Plans (PPSP). In addition, the measurement at fair value
of the stock options granted in 2004 is included. In 2010, the
active members of the Board of Management were granted
250,221 (2009: 270,068) million phantom shares in connection
with the PPSP; the fair value of these phantom shares at the
grant date was €7.5 million (2009: €5.2 million). According to
Section 314 Subsection 1 Number 6a of the German Commer-
cial Code (HGB) the overall remuneration granted to the members
of the Board of Management, excluding service cost resulting
from entitlements to post-employment benefits, amounted to
€25.8 million (2009: €11.8 million). For additional information
on share-based payment of the members of the Board of Manage-
ment see Note 21.
Except for the remuneration paid to the members of the
Supervisory Board representing the employees in accordance
with their contracts of employment, the members of the
Supervisory Board are solely granted short-term benefits.
No remuneration was paid for services provided personally
beyond the board and committee activities, in particular
for advisory or agency services in 2010 and 2009.
No advances or loans were made to members of the Board of
Management or members of the Supervisory Board of Daimler AG.
The payments made in 2010 to former members of the Board of
Management of Daimler AG and their survivors amounted to
€17.5 million (2009: €16.1 million). The pension provisions for
former members of the Board of Management and their survi-
vors amounted to €197.1 million as of December 31, 2010 (2009:
€192.8 million).
Information regarding the remuneration of the members of the
Board of Management and of the Supervisory Board is disclosed
on an individual basis in the Remuneration Report, which is part
of the Management Report (see page 152 f.).
37. Principal accountant fees
The principal accountant fees for services of KPMG consist of
the following:
2010 2009
In millions of euros
Annual audit 30 26
thereof domestic 14 12
Other attestation services 13 20
thereof domestic 913
Tax consultation services ..
thereof domestic ..
Other services 11
thereof domestic 1.
44 47
In 2010 €17 million (2009: €14 million) related to fees for annual
audits and €9 million (2009: €14 million) related to fees for
other attestation services paid to KPMG AG Wirtschaftsprüfungs-
gesellschaft and its affiliated companies (which together form
KPMG Europe LLP). The annual audit fees are for the audit of the
consolidated financial statements and the individual financial
statements both of Daimler AG and of all subsidiaries included in
the Group’s consolidated financial statements. Fees for other
attestation services concern in particular the review of the inter-
im IFRS financial statements. This item also includes audits
of the internal-control system as well as project-related audits
performed in the context of the introduction of IT systems
and other voluntary audits.