Page 182 - KELAG Annual Report 2019
P. 182

in EUR m                  EUR
                                       Dividends paid in 2019 for the financial year 2018   40.0   8,000,000   5.00
                                       Dividends paid in 2018 for the financial year 2017   40.0   8,000,000   5.00



                                      In the financial year 2019 the fixed remuneration of KELAG’s Board of Directors amounted to
                                      EUR 475k  (prior  year:  EUR 467k),  while  variable  remuneration  totalled  EUR 418k  (prior  year:
                                      EUR 355k) and non-cash benefits came to EUR 24k (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 4,908k  (prior  year:  EUR 3,487k)  were  accounted  for  in  the  statement  of
                                      financial  position,  of  which  a  difference  of  EUR 617k  compared  to  the  prior  year  (prior  year:
                                      EUR 442k) was recorded through profit or loss.


                                      Total remuneration of former members of the Board of Directors and their surviving dependents
                                      in the financial year 2019 came to EUR 631k (prior year: EUR 613k).


                                      The members of the Supervisory Board of KELAG were paid compensation of EUR 50k (prior year:
                                      EUR 47k).


                                      For the first time, the KELAG Group is audited by KPMG Austria GmbH Wirtschaftsprüfungs- und
                                      Steuerberatungsgesellschaft;  the  prior-year  figures  refer  to  the  audit  by  Ernst  &  Young
                                      Wirtschaftsprüfungsgesellschaft   m.b.H.   and   ALPEN-ADRIA   Wirtschaftsprüfung   und
                                      Steuerberatung GmbH. Expenses of EUR 237k (prior year: EUR 312k) were incurred for the group
                                      auditors  in  relation  to  the  audit  of  the  annual  financial  statements.  In  addition,  expenses  of
                                      EUR 32k (prior year: EUR 61k) were charged by the audit firms for assurance and other services.
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