Philips 2011 Annual Report Download - page 166

12 Group financial statements 12.11 - 12.11
166 Annual Report 2011
Remuneration costs of individual members of the Board of Management
in euros
salary annual incentive1) pension cost other compensation2)
2011
F.A. van Houten (Apr. - Dec.) 825,000 363,000 297,179 39,709
R.H. Wirahadiraksa (Apr. - Dec.) 450,000 148,500 170,299 72,125
G.H.A. Dutiné 650,000 214,500 245,018 143,774
P.A.J. Nota (Apr. - Dec.) 450,000 148,500 168,532 67,067
S.H. Rusckowski 687,500 231,000 254,975 336,773
G.J. Kleisterlee (Jan. - March) 3) 275,000 92,400 (48,117)4) 105,679
P-J. Sivignon (Jan. - March) 5) 178,750 45,045 68,830 9,340
R.S. Provoost (Jan. - Sept.)6) 512,500 132,300 175,301 22,606
4,028,750 1,375,245 1,332,017 797,073
2010
G.J. Kleisterlee 1,100,000 962,720 (255,757)4) 321,778
P-J. Sivignon 711,250 469,326 240,051 28,122
G.H.A Dutiné 643,750 426,660 203,404 135,459
R.S. Provoost 646,250 426,660 193,194 30,919
A. Ragnetti (Jan. - Aug.)7) 429,583 284,440 134,353 433,4898)
S.H. Rusckowski 646,250 426,660 216,814 76,713
4,177,083 2,996,466 732,059 1,026,480
2009
G.J. Kleisterlee 1,100,000 962,720 (302,855)3) 329,117
P-J. Sivignon 700,000 459,480 235,226 37,988
G.H.A. Dutiné 625,000 410,250 186,722 119,197
R.S. Provoost 635,000 416,814 187,073 25,465
A. Ragnetti 635,000 416,814 198,798 42,777
S.H. Rusckowski 635,000 416,814 217,410 66,603
4,330,000 3,082,892 722,374 621,147
1) The annual incentives are related to the performance in the year reported which are paid out in the subsequent year. The amounts for 2010 and 2009 have been adjusted to
reflect this. For more details on the annual incentives, see sub-section 10.2.5, Annual Incentive, of this Annual Report
2) The stated amounts concern (share of) allowances to members of the Board of Management that can be considered as remuneration. In a situation where such a share of an
allowance can be considered as (indirect) remuneration (for example, private use of the company car), then the share is both valued and accounted for here. The method
employed by the fiscal authorities in the Netherlands is the starting point for the value stated. In 2011 the other compensation for Mr Rusckowski includes an amount of USD
445,976 (= EUR 325,352) related to tax equalization in connection with pension obligations
3) In addition an amount of EUR 76,114 for stock options and EUR 92,211 for restricted share rights are taken as cost in 2011 and an additional (negative) amount of EUR
299,622 for stock options and EUR (62,238) for restricted share rights for previously granted stock options and restricted share rights that are still outstanding
4) As Mr Kleisterlee was born before January 1, 1950, he continued to be a member of the final pay plan with a pensionable age of 60. No further accrual took place
5) In addition an amount of EUR 43,353 for stock options and EUR 52,382 for restricted share rights are taken as cost in 2011 and an additional (negative) amount of EUR
170,082 for stock options and EUR (45,341) for restricted share rights for previously granted stock options and restricted share rights that are still outstanding
6) In addition an amount of EUR 94,740 for stock options and EUR 94,130 for restricted share rights are taken as cost in 2011 and an additional (negative) amount of EUR
118,694 for stock options and EUR (24,585) for restricted share rights for previously granted stock options and restricted share rights that are still outstanding
7) In addition an amount of EUR 127,555 for stock options and EUR 165,280 for restricted share rights are taken as cost in 2010 and an additional amount of EUR 297,785 for
stock options and EUR 118,919 for restricted share rights for previously granted stock options and restricted share rights that are still outstanding
8) The other compensation amount includes an amount of EUR 400,000 as a one-off payment provided in conjunction with his departure from the Company
For further information on remuneration costs, see sub-section 10.2.3,
Remuneration costs, of this Annual Report.