4 - Refresco.de

Financial review 2009
6.5 Contingencies
The group companies are jointly and individually liable vis à vis the syndicate of banks. Banks have issued
guarantees to suppliers and customs on behalf of the Group in the aggregate amount of EUR 10,312,000
(2008: EUR 8,854,000).
The Company forms a fiscal unity for income tax purposes with Refresco B.V., Menken Drinks B.V., Refresco Onroerend
Goed B.V. and Frisdranken Industrie Winters B.V. In accordance with the standard conditions, the Company and the
subsidiaries that are part of the fiscal unity are jointly and individually liable for taxation payable by the fiscal unity.
Some claims have been filed against the Group. Based on legal advice, the directors do not expect that the
outcome of these claims will have a material effect on the financial position of the Group.
6.6 Related parties
Shareholder structure
The Company’s shareholders are Ferskur Holding 2 B.V., Okil Holding B.V., and Godetia II B.V. The ultimate
shareholders of the Group are Kaupthing Bank HF, Vifilfell HF and Stodir (previously FL Group) HF.
A minority share is with the management of the Group.
Identification of related parties
The subsidiaries included in note 3.1 of the company financial statements are considered to be related parties.
Other identified related parties are: Okil Holding B.V., Okil Holding GmbH, Refresco KG, Ferskur Holding 1 B.V.,
Ferskur Holding 2 B.V., Kaupthing Bank HF, Vifilfell HF and Stodir (previously FL Group) HF., Godetia II B.V.,
Menken Dairy Foods B.V., and members of management who are shareholders of the Group. The transactions with
these related parties relate primarily to the shareholding and debt financing of the Group.
Personnel compensation and transactions with Executive and Supervisory Board Members
Executive Board personnel compensation
In addition to their salaries, the Group also provides non-cash benefits to members of the Executive Board and
contributes to a post-employment defined benefit plan on their behalf. In accordance with the terms of the plan,
members of the Executive Board retire at age 65.
Compensation of the Executive Board members comprised the following:
EUR’000
2009 2008
Short-term employee benefits 1,779 1,451
Post-employment benefits 203 460
The remuneration of Supervisory Board members was EUR 95,500 (2008: EUR 85,000).
1,982 1,911