AS PREMIA FOODS
AS PREMIA FOODS
AS PREMIA FOODS
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<strong>AS</strong> <strong>PREMIA</strong> <strong>FOODS</strong> Consolidated Unaudited Interim Report for 4 th quarter and 12 months of 2012<br />
Remuneration (including taxes) of the members of the Management and Supervisory Boards of <strong>AS</strong> Premia Foods and its<br />
subsidiaries and other key managers:<br />
28<br />
12m 2012<br />
EUR ‘000<br />
12m 2011<br />
EUR ‘000<br />
Short-term benefits 940 961<br />
Total 940 961<br />
The members of the Management and Supervisory Boards do not get any pension-related rights from the company. The<br />
members of the Management Board are entitled to termination benefits. The maximum expense related to payment of<br />
termination benefits totals EUR 104 thousand.<br />
Note 12. Events after the balance sheet date<br />
Mitigating the interest risk<br />
On 7 January 2013, the company hedged the risk arising from variable interest rate of the additional long-term investment<br />
loan, drawn down on December, by executing an Interest Rate Swap with amortization transaction and fixed the 3 months<br />
EURIBOR at the level of 0.785% during the period of 17.07.2013 – 17.07.2017.