Annual report - HSE

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