Page 106 - Annual Report KELAG Group 2018

in EUR m EUR
Dividends paid in 2018 for the financial year 2017 40.0 8,000,000 5.00
Dividends paid in 2017 for the financial year 2016 40.0 8,000,000 5.00

In the financial year 2018 the fixed remuneration of KELAG’s Board of Directors amounted to
EUR 467k (prior year: EUR 459k), while variable remuneration totalled EUR 355k (prior year:
EUR 337k) and non-cash benefits amounted 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 3,487k (prior year: EUR 2,844k) were accounted for in the statement of
financial position, of which a difference of EUR 442.1k compared to the prior year (prior year:
EUR 554.2k) was recorded through profit or loss.

The members of the Supervisory Board of KELAG were paid compensation of EUR 47k (prior year:
EUR 49k).

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 ALPEN-ADRIA Wirtschaftsprüfung und Steuerberatung GmbH (formerly:
MOORE STEPHENS ALPEN ADRIA Wirtschaftsprüfungs GmbH). Expenses of EUR 269k (prior year:
EUR 293k) were incurred for the group auditors in relation to the audit of the annual financial
statements. In addition, expenses of EUR 118k (prior year: EUR 45k) were recorded for assurance
and other services by the audit firms.