Annual report - HSE
Annual report - HSE
Annual report - HSE
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In the <strong>report</strong>ing period, individual items of the Group’s equity changed in total amount of<br />
EUR 30,924,596, due to:<br />
• the transfer of a part of the 2011 accumulated profit in the amount of EUR 3,364,810<br />
to other revenue reserves, on the basis of the controlling company’s General Meeting<br />
decision;<br />
• the transfer of the 2012 net profit in the amount of EUR 27,342,852 among other reserves,<br />
based on the controlling company’s SB decision;<br />
• the transfer of the difference from previous years consolidation in the amount of EUR<br />
216,934 from fair value reserve to retained earnings, during the consolidation in the PV<br />
Group.<br />
Accumulated profit is not determined at the Group level.<br />
5.5.8.6 Related entities<br />
in €<br />
Transactions Sales Purchases Loans granted Other Other<br />
with associates in 2012 in 2012 as at receivables liabilities as at<br />
31/12/2012 as at 31/12/2012 31/12/2012<br />
Group companies 14,806 8,934 0 360 5,322<br />
Associates 330,325 2,548,888 452,529 676,142 1,583,807<br />
Total controlled companies 0 318,481 0 0 153,522<br />
TOTAL 330,325 2,867,369 452,529 676,142 1,737,329<br />
The columns of sales and purchases show the turnover of all transactions (excluded VAT),<br />
comprising financial revenue and expenses.<br />
5.5.8.7 Revenue<br />
Remuneration of managers and employees who are not subject to the tariff part of the<br />
collective agreement comprises:<br />
• gross receipts included in the income tax return notice,<br />
• other receipts (meals, transportation, per diems, untaxed portion of jubilee benefits), and<br />
• premiums paid for voluntary supplementary pension insurance.<br />
Remuneration of Supervisory Board members includes gross attendance fees of all<br />
members (composition of the SB changed during the year), including travel expenses<br />
related to the performance of tasks in the SB and the audit committee.<br />
In 2012, managers, employees who are not subject to the tariff part of the collective<br />
agreement and members of the Group’s Supervisory Boards did not receive shares of<br />
profits under General Meeting resolutions, nor were they approved any advances, loans or<br />
guarantees by Group companies.<br />
in €<br />
Receipts of the management, Supervisory Board Salary Other Bonuses Cost TOTAL<br />
members and employees who are not subject to receipts reimbursement<br />
the tariff part of the collective agreement<br />
Management 1,401,325 0 65,968 165,730 1,633,023<br />
Supervisory Board and Audit Committee members 0 23,733 2,654 4,574 30,961<br />
Employees who are not subject to the tariff part 4,016,631 68,948 125,500 400,521 4,611,600<br />
of the collective agreement<br />
Total receipts 5,417,956 92,681 194,122 570,825 6,275,584<br />
5.5.8.8 Financial instruments and risks<br />
This section refers to Section 5.5.7.21 of the financial <strong>report</strong> as well as to the section about<br />
financial risks in the business <strong>report</strong>.<br />
<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />
5 Financial Report of <strong>HSE</strong> Group<br />
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