Porsche 2010 Annual Report Download - page 230
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Financials
228
[30] Remuneration of the supervisory board and the executive board
The total remuneration of members of Porsche SE’s executive board amounted to €0.9 mil-
lion in SFY 2010 (prior year: €4.1 million). It comprises the remuneration paid by Porsche SE. In the
comparative period, total remuneration additionally included, pro rata temporis, remuneration for
the services rendered by members of the executive board in discontinued operations in the period
between their joining Porsche SE’s executive board and the date on which the discontinued opera-
tions were deconsolidated.
The members of Porsche SE’s executive board receive a fixed basic salary only. The remu-
neration for service on the executive board in discontinued operations taken into account pro rata
temporis in the prior year included both fixed and variable components. The executive board remu-
neration comprised a long-term incentive amounting to €0.3 million.
The total remuneration of the supervisory board for SFY 2010 amounts to €0.6 million
(prior year: €2.9 million). In the comparative period, it included remuneration for their service on
Porsche SE’s supervisory board as well as remuneration for memberships of supervisory board and
other control bodies as defined by Section 125 (I) Sentence 3 AktG in discontinued operations on a
pro rata temporis basis until deconsolidation of the discontinued operations. The remuneration
consists of short-term benefits only.
There are no further obligations towards members of the supervisory board or the execu-
tive board.
The individualized remuneration of the members of the executive board and supervisory
board is presented in the remuneration report as part of the management report.
[31] Auditor’s fees
The auditor’s fees charged by the auditor Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft,
Stuttgart, for the short fiscal year in accordance with Sec. 314 (1) No. 9 HGB break down as fol-
lows:
EUR000 SFY 2010 2009/10
Audit of financial statements 345 645
Other assurance services 0 1,001
Tax advisory services 1,000 1,900
Other services 787 5,224
2,132 8,770
In accordance with the disclosure requirements of Sec. 314 (1) No. 9 HGB, other services
in the comparative period include advisory services of €4.1 million rendered to Volkswagen AG and
its subsidiaries prior to deconsolidation of the Volkswagen group on 3 December 2009.