Earnings of the Management Board and Supervisory Board


Members of the Management Board receive remunerations exclusively from UNIQA Versicherungen AG.

 

2010
€ 000

2009
€ 000

The expenses for remuneration of Management Board members attributable to the reporting year amounted to:

 

 

Regular payments

2,747

2,895

Performance-related remunerations

1,959

0

Total

4,705

2,895

of which charged to operational subsidiaries

4,470

2,750

 

 

 

Former members of the Mangement Board and their surviving dependants were paid:

2,556

2,522

 

 

 

Because of pension commitments to these persons, the following provision was set up on 31 Dec.

23,548

21,746

The remuneration to members of the Supervisory Board amounted to:

 

2010
€ 000

2009
€ 000

For the current financial year (provision)

380

323

Meeting attendance fee

39

35

Total

419

358

Former members of the Supervisory Board did not receive any remuneration.

The information according to Section 239 paragraph 1 of the Austrian Business Code in connection with Section 80b of the Insurance Supervisory Act, which must be included in the Notes as mandatory information for financial statements according to IFRS to release the company from the requirement to prepare financial statements in accordance with the Austrian Commercial Code, is defined for the individual financial statements according to the provisions of the Austrian Commercial Code, with expanded scope. In addition to the executive functions (Management Board) of UNIQA Versicherungen AG, the individual financial statements also include the earnings of the Management Boards of the subsidiaries, insofar as a legally binding basis exists with UNIQA Versicherungen AG.

© 2011 BY UNIQA GROUP AUSTRIA