Mercedes 2013 Annual Report Download - page 259

263
F | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
37. 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 who were active
as of December 31, 2013, affected net profit for the
year ended December 31 as presented in table  F.98.
Expenses for variable remuneration with long-term incentive
effect, as shown in table  F.98, 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 2013, the active members of the Board of Manage-
ment were granted 251,359 (2012: 242,332) phantom shares
in connection with the PPSP; the fair value of these phantom
shares at the grant date was €10.9 million (2012: €11.4
million). According to Section 314 Subsection 1 Number 6a
of the German Commercial Code (HGB) the overall remu-
neration granted to the members of the Board of Management,
excluding service cost resulting from entitlements to post-
employment benefits, amounted to €32.1 million (2012: €28.2
million). For additional information on share-based payment
of the members 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 2013 or 2012.
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 2013 to former members of the Board
of Management of Daimler AG and their survivors amounted
to €14.6 million (2012: €15.4 million). The pension provisions
for former members of the Board of Management and their
survivors amounted to €217.0 million as of December 31, 2013
(2012: €225.9 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
Remuneration of the members of the Board of Management
and the Supervisory Board
2013 2012
In millions of euros
Remuneration granted to the members
of the Board of Management
Fixed remuneration 9.1 7.5
Short-term variable remuneration 6.1 4.7
Mid-term variable remuneration 6.6 4.0
Variable remuneration with
a long-term incentive effect
40.6
20.2
Post-employment benefits (service cost) 2.5 2.4
Termination benefits ––
64.9 38.8
Remuneration granted to the members
of the Supervisory Board
3.0
3.0
67.9 41.8
F.98