Philips 2014 Annual Report Download - page 168

Group nancial statements 12.9 30
168 Annual Report 2014
Philips Group
Remuneration of the Supervisory Board in EUR
2012 - 2014
membership committees other compensation1) total
20142)
J.A. van der Veer 110,000 20,500 2,000 132,500
J.J. Schiro (Jan.-Aug.) 65,000 12,334 2,000 79,334
C. Poon 65,000 14,000 17,000 96,000
C.J.A. van Lede 65,000 10,000 2,000 77,000
E. Kist 65,000 8,000 2,000 75,000
H. von Prondzynski 65,000 15,167 2,000 82,167
J.P. Tai 65,000 15,000 23,000 103,000
N. Dhawan 65,000 10,000 23,000 98,000
O. Gadiesh (May-Dec.) 65,000 6,667 2,000 73,667
630,000 111,668 75,000 816,668
20132)
J. van der Veer 110,000 20,500 5,000 135,500
J.J. Schiro 65,000 18,500 8,000 91,500
C.J.A. van Lede 65,000 10,000 5,000 80,000
E. Kist 65,000 8,000 5,000 78,000
H. von Prondzynski 65,000 10,000 5,000 80,000
C. Poon 65,000 14,000 11,000 90,000
J.P. Tai 65,000 15,000 20,000 100,000
N. Dhawan 65,000 10,000 17,000 92,000
565,000 106,000 76,000 747,000
2012
J. van der Veer 110,000 20,500 5,000 135,500
J.M. Thompson (Jan. - Apr.) 32,500 4,667 11,000 48,167
C.J.A. van Lede 65,000 10,834 5,000 80,834
E. Kist 65,000 10,333 5,000 80,333
J.J. Schiro 65,000 17,000 17,000 99,000
H. von Prondzynski 65,000 10,000 5,000 80,000
C. Poon 65,000 12,666 14,000 91,666
J.P. Tai 65,000 13,333 17,000 95,333
N. Dhawan (Apr. - Dec.) 65,000 6,667 17,000 88,667
597,500 106,000 96,000 799,500
1) The amounts mentioned under other compensation relate to the fee for intercontinental travel and the entitlement of EUR 2,000 under the Philips product
arrangement
2) As of 2013, part of the remuneration of members of the Supervisory Board living in the Netherlands is subject to VAT. The amounts mentioned in this table are
excluding VAT.
Supervisory Board members’ and Board of
Management members’ interests in Philips
shares
Members of the Supervisory Board and of the Board of
Management are not allowed to hold any derivatives of
Philips securities.
Philips Group
Shares held by Board members1) in number of shares
2014
December
31, 2013
December
31, 2014
J. van der Veer 17,192 17,784
H. von Prondzynski 3,402 3.519
J.P. Tai 2,175 3,284
F.A. van Houten 37,258 109,570
R.H. Wirahadiraksa 27,879 65,780
P.A.J. Nota 24,937 59,491
1) Reference date for board membership is December 31, 2014
30 Fair value of nancial assets and liabilities
The estimated fair value of nancial instruments has
been determined by the Company using available
market information and appropriate valuation
methods. The estimates presented are not necessarily
indicative of the amounts that will ultimately be
realized by the Company upon maturity or disposal.
The use of dierent market assumptions and/or
estimation methods may have a material eect on the
estimated fair value amounts.
For cash and cash equivalents, current receivables,
accounts payable, interest accrual and short-term
debts, the carrying amounts approximate fair value
because of the short maturity of these instruments, and
therefore fair value information is not included in the
table below.