Unilever 2004 Annual Report Download - page 80
Download and view the complete annual report
Please find page 80 of the 2004 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
 |
 |
Unilever Annual Report and Accounts 2004 77
Remuneration report
Details – Executive Directors
The following section contains detailed information on the Executive Directors’ annual remuneration, long-term incentives, pension
benefits, service contracts and share interests in respect of 2004.
Aggregate remuneration for Executive Directors
The following table gives details of the aggregate remuneration (including long-term incentives) received by Executive Directors as a
group. For convenience, the amounts are shown both in euros and [in brackets] in pounds sterling – based on average exchange rates
for the year of €1 = £0.6781 = $1.238 (2003: €1 = £0.6912 = $1.126).
2004 2003
’000 ’000
Annual emoluments(1)
Base salary €7 927 €7 942
[£5 376] [£5 489]
Allowances and other payments:
Allowances €750 €279
[£508] [£193]
Other payments(2) €1 806 € nil
[£1 225] [£ nil]
Value of benefits in kind €665 €768
[£452] [£531]
Performance-related payments (annual bonus)(3) €1 027 €1 781
[£696] [£1 231]
Sub-total of annual emoluments €12 175 €10 770
[£8 257] [£7 444]
Other income arising from long-term incentives(4)
Gains on exercise of share options €4 267 €644
[£2 893] [£446]
Vesting of matching shares €782 €116
[£530] [£80]
Vesting of TSR Long-Term Incentive Plans €4 105 €nil
[£2 783] [£nil]
Total of annual emoluments and other income arising from long-term incentives €21 329 €11 530
[£14 463] [£7 970]
(1) Annual emoluments includes base salary, allowances and other payments (see footnote 2) and the value of benefits in kind earned in
respect of 2004. It also includes the annual bonus (both the cash element and the bonus paid in shares) payable in March 2005 relating to
the performance year 2004.
(2) Other payments include a compensation payment of €1 806 150 [£1 224 750] payable to Mr FitzGerald following the cessation of his
directorship.
(3) The value of matching shares, totalling €257 000 [£174 000] awarded on a conditional basis in respect of 2004 is not included. This will be
reported in 2008 when the shares vest.
(4) Includes the gains realised in 2004 following the exercise of share options granted in earlier years. It also includes the value in 2004 of the
matching shares vesting in that year which were originally awarded in 1999 and 2001 together with the value (in 2004) of the TSR LTIP
shares vesting in 2004 which were originally awarded on a conditional basis in 2001.