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Combined Management Report

Pension benefit commitments
For fiscal , the members of the Managing Board were
granted contributions under the BSAV totaling € . million
(: € . million), based on a resolution of the Supervisory
Board dated November , . Of this amount, € . million
(: € . million) related to the funding of pension commit-
ments earned prior to transfer to the BSAV.
The contributions under the BSAV are added to the personal
pension accounts each January, following the close of the fiscal
year. Until a beneficiary’s date of retirement, his or her pension
account is credited with an annual interest payment (guaran-
teed interest) on January  of each year. The interest rate is cur-
rently . %.
The following table shows individualized details of the contri-
butions (allocations) under the BSAV for fiscal  as well as
the defined benefit obligations for pension commitments.
Total contributions
for Defined benefit obligation for all pension
commitments excluding deferred compensation
(Amounts in €) 2015 2014 2015 2014
Managing Board members
serving as of September , 
Joe Kaeser 1,051,680 1,033,200 8,056,153 7,174,641
Dr. Roland Busch 565,824 559,104 3,243,101 2,769,337
Lisa Davis 565,824 93,184 3,126,396 2,818,722
Klaus Helmrich 565,824 559,104 3,522,681 3,047,911
Janina Kugel 350,560 – 438,713 –
Prof. Dr. Siegfried Russwurm 565,824 559,104 4,824,749 4,390,368
Dr. Ralf P. Thomas 565,824 559,104 3,225,678 2,742,051
Former members of the Managing Board
Prof. Dr. Hermann Requardt 565,824 559,104 6,977,620 6,273,529
Total 4,797,184 3,921,904 33,415,101 29,216,559
1 The expenses (service cost) recognized in accordance
with the IFRS in fiscal 2015 for Managing Board
members’ entitlements under the BSAV in fiscal 2015
amounted to €4,804,639 (2014: €7,913,201).
2 The defined benefit obligations reflect one-time special
contributions to the BSAV of €279,552 (2014:
€3,558,315) for new appointments from outside the
Company and for special contributions in connection
with departures from the Managing Board. These
obligations amounted to €0 (2014: €2,745,615) for
Lisa Davis, €279,552 (2014: €0) for Prof. Dr. Hermann
Requardt and €0 (2014: €812,700) for Dr. Michael Süß.
3 Deferred compensation totals €4,947,717 (2014:
€10,057,923), including €3,207,002 for Joe Kaeser (2014:
€3,171,486), €305,023 for Klaus Helmrich (2014: €302,595)
and €49,794 for Dr. Ralf P. Thomas (2014: €49,732). De-
ferred compensation for former Managing Board members
is as follows: €0 for Barbara Kux (2014: €4,697,955),
€1,385,898 for Prof. Dr. Hermann Requardt (2014:
€1,381,365) and €0 for Peter Y. Solmssen (2014: €454,790).
4 Janina Kugel was elected a full member of the Managing
Board effective February 1, 2015.
5 Prof. Dr. Hermann Requardt resigned from the Managing
Board effective the end of the day on January 31, 2015.
His employment contract ended effective September 30,
2015.
In fiscal , former members of the Managing Board and
their surviving dependents received emoluments within the
meaning of Section  para.  No.  b of the German Commer-
cial Code totaling € . million (: € . million). This fig-
ure includes the compensation for former Managing Board
member Peter Y. Solmssen for the remaining period of his em-
ployment contract from October  through March , the
cash compensation for Bonus Awards granted in the past as
well as the pro rata contribution to the BSAV. It also includes
the compensatory payment connected with the mutually
agreed-upon termination of the Managing Board membership
of Prof. Dr. Hermann Requardt as of January , , the com-
pensation for the remaining term of his employment contract –
that is, from February  to September ,  – and a special
contribution to the BSAV. For the period from February
through September , , Prof. Dr. Hermann Requardt received
, Stock Awards, which will be settled in cash in accordance
with the provisions of his employment contract and in connec-
tion with the mutually agreed-upon termination of his Manag-
ing Board membership. Mr. Solmssen received , Stock
Awards for the period from October  through March .
Other than this, former Managing Board members and their
surviving dependents received  (: ,) Stock Awards.