Philips 2012 Annual Report Download - page 171

12 Group financial statements 12.11 - 12.11
Annual Report 2012 171
Remuneration costs of individual members of the Board of Management
in euros
salary
annual
incentive1)
stock
options2)
restricted
share rights2)
pension
costs
other
compensation3)
20124)
F.A. van Houten 1,100,000 1,279,520 209,589 315,760 422,845 47,154
R.H. Wirahadiraksa 600,000 523,440 149,067 217,020 243,438 34,961
P.A.J. Nota 600,000 556,200 188,029 253,836 247,883 60,754
S.H. Rusckowski (Jan. - Apr.) 233,333 178,500 (200,400) (209,638) 90,211 159,833
2,533,333 2,537,660 346,285 576,978 1,004,377 302,701
2011
F.A. van Houten (Apr. - Dec.) 825,000 363,000 125,957 253,926 297,179 39,709
R.H. Wirahadiraksa (Apr. - Dec.) 450,000 148,500 105,477 180,686 170,299 72,125
G.H.A. Dutiné 650,000 214,500 462,263 334,186 245,018 143,774
P.A.J. Nota (Apr. - Dec.) 450,000 148,500 131,159 255,159 168,532 67,067
S.H. Rusckowski 687,500 231,000 211,915 341,856 254,975 336,773
G.J. Kleisterlee (Jan. - March) 275,000 92,400 375,736 29,973 (48,117)5) 105,679
P-J. Sivignon (Jan. - March) 178,750 45,045 213,435 7,041 68,830 9,340
R.S. Provoost (Jan. - Sept.) 512,500 132,300 213,434 69,545 175,301 22,606
4,028,750 1,375,245 1,839,376 1,472,372 1,332,017 797,073
2010
G.J. Kleisterlee 1,100,000 962,720 328,485 444,005 (255,757)5) 321,778
P-J. Sivignon 711,250 469,326 187,763 255,398 240,051 28,122
G.H.A Dutiné 643,750 426,660 185,364 252,057 203,404 135,459
R.S. Provoost 646,250 426,660 185,364 251,225 193,194 30,919
A. Ragnetti (Jan. - Aug.) 429,583 284,440 425,340 284,199 134,353 433,4896)
S.H. Rusckowski 646,250 426,660 187,763 255,228 216,814 76,713
4,177,083 2,996,466 1,500,079 1,742,112 732,059 1,026,480
1) The annual incentives are related to the performance in the year reported which are paid out in the subsequent year. For more details on the annual incentives, see sub-section
10.2.6, Annual Incentive, of this Annual Report
2) Costs of stock options and restricted share rights are based on accounting standards (IFRS) and do not reflect the value of stock options at the end of the lock up period and
the value of restricted share rights at the release date
3) 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
4) A one-time crisis levy of 16% as imposed by the Dutch government amounts to EUR 413,405 in total. This crisis tax levy is payable by the employer and is charged over income
of employees exceeding a EUR 150,000 threshold in 2012. These expenses do not form part of the remuneration costs mentioned.
5) 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
6) The other compensation amount includes an amount of EUR 400,000 as a one-off payment provided in conjunction with the departure of Mr Ragnetti from the Company
For further information on remuneration costs, see sub-section 10.2.4,
Remuneration costs, of this Annual Report.
The tables below give an overview of the interests of the members of the Board of Management under the restricted share rights plans and the stock option
plans of the Company:
Number of restricted share rights
January 1, 2012 awarded 2012 released 2012 December 31, 2012 potential premium shares
F.A. van Houten 23,4011) 20,001 8,367 35,035 9,024
R.H. Wirahadiraksa 17,4191) 13,602 6,976 24,045 7,389
P.A.J. Nota 20,4021) 13,602 7,934 26,070 7,482
61,222 47,205 23,277 85,150 23,895
1) (Partly) awarded before date of appointment as a member of the Board of Management