Mercedes 2012 Annual Report Download - page 255

264
36. Remuneration of the members of the Board
of Management and the Supervisory Board
Remuneration granted to the members of the Board of Manage-
ment and the Supervisory Board affecting net profit for the
year ended December 31 was as presented in table  7.93.
Expenses for variable remuneration with long-term incentive
effect, as shown in table  7.93 , result from the ongoing
measurement 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 their
intrinsic values of the stock options granted in 2004 is included.
In 2012, the active members of the Board of Management
were granted 242,332 (2011: 176,064) phantom shares in
connection with the PPSP; the fair value of these phantom
shares at the grant date was €11.4 million (2011: €8.8 million).
According to Section 314 Subsection 1 Number 6a of the
German Commercial 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 €28.2 million (2011: €29.0 million).
For additional information on share-based payment of the mem-
bers of the Board of Management see Note 21.
The members of the Supervisory Board are solely granted
short-term benefits for their board and committee activities,
except for remuneration and other benefits paid to those
members representing the employees in accordance with their
contracts of employment. No remuneration was paid for
services provided personally beyond board and committee
activities, in particular for advisory or agency services, in 2012
or 2011.
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 2012 to former members of the Board
of Management of Daimler AG and their survivors amounted
to €15.4 million (2011: €13.9 million). The pension provisions
for former members of the Board of Management and their
survivors amounted to €225.9 million as of December 31, 2012
(2011: €195.9 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.
E Management Report from page 119
37. Principal accountant fees
The components of principal accountant fees for services
of KPMG are included in table  7.94 .
The annual audit fees are for the audit of the consolidated
financial statements and the company financial statements
of Daimler AG and all subsidiaries included in the Group’s
consolidated financial statements. Fees for other attestation
services relate in particular to the review of the interim
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.
Remuneration of the members of the Board of Management
and the Supervisory Board
2012 2011
In millions of euros
Remuneration granted to the members
of the Board of Management
Fixed remuneration 7.5 7.4
Short-term variable remuneration 4.7 6.4
Mid-term variable remuneration 4.0 6.4
Variable remuneration with
a long-term incentive effect
20.2
8.9
Post-employment benefits (service cost) 2.4 2.2
Termination benefits ––
38.8 31.3
Remuneration granted to the members
of the Supervisory Board
3.0
3.0
41.8 34.3
7.9 3
7.9 4
Principal accountant fees
2012 2011
In millions of euros
Annual audit 24 27
thereof in Germany 10 12
Other attestation services 15 18
thereof in Germany 912
Tax consulting services ..
thereof in Germany ..
Other services 44
thereof in Germany 33
43 49