Page 100 - KELAG Annual Report 2017
P. 100

Information relating to internal group matters is eliminated and is not subject to mandatory
           disclosure in the consolidated financial statements. Transactions by KELAG with subsidiaries that
           are fully consolidated therefore do not have to be reported.

                                                      EUR m                   EUR
            Dividends paid in 2017 for the financial year 2016   40.0   8,000,000   5.00
            Dividends paid in 2016 for the financial year 2015   40.0   8,000,000   5.00

           In  financial  year  2017,  the  fixed  remuneration  of  KELAG’s  Board  of  Directors  amounted  to
           EUR 459k  (prior  year:  EUR 451k),  while  variable  remuneration  totalled  EUR 337k  (prior  year:
           EUR 336k) and non-cash benefits came to EUR 23k (prior year: EUR 23k). All of these relate to
           short-term benefits arising from the remuneration of key management personnel in the KELAG
           Group.  Long-term  benefits  allocable  to  the  Board  of  Directors  in  the  form  of  pension
           commitments  of  EUR 2,844k  (prior  year:  EUR 2,182k)  were  accounted  for  in  the  statement  of
           financial position, of which a difference of EUR 554k was recorded through profit or loss in the
           prior year.

           The members of the Supervisory Board of KELAG were paid compensation of EUR 49k (prior year:
           EUR 29k).

           The KELAG Group does not have any additional material related party transactions.

           The  KELAG  Group  is  jointly  audited  by  the  companies  Ernst  &  Young  Wirtschaftsprüfungs-
           gesellschaft m.b.H. and MOORE STEPHENS ALPEN ADRIA Wirtschaftsprüfungs GmbH. Expenses of
           EUR 293k (prior year: EUR 288k) were incurred for the group auditors in relation to the audit of the
           annual financial statements. In addition, expenses of EUR 45k (prior year: EUR 86k) were charged
           by the audit firms for assurance and other services.
   95   96   97   98   99   100   101   102   103   104   105