Annual Report - EDP

notes to the consolidated EDP - and Energias company de Portugal, financial S.A. statementsfor the Notes years to the ended Consolidated 31 december and Company 2012 Financial and Statements 2011for the years ended 31 December 2012 and 2011The number of shares of EDP S.A. held by company officers in 31 December 2012 and 2011 are as follows:General and Supervisory Board2012 2011Nr. of shares Nr. of sharesUntil 20 February:António de Almeida 100 100Diogo Campos Barradas de Lacerda Machado 260 260Ricardo José Minotti da Cruz Filipe 6,622 6,6226,982 6,982From 21 February:Alberto João Coraceiro de Castro 4,578 4,578Carlos Jorge Ramalho dos Santos Ferreira 40,000 40,000Eduardo de Almeida Catroga 1,375 1,375Fernando Masaveu Herrero 44,188,463 -Luís Filipe da Conceição Pereira 1,459 19,739Rui Eduardo Rodrigues Pena 2,945 1,445Vasco Joaquim Rocha Vieira 3,203 -Vitor Fernando da Conceição Gonçalves 3,465 3,46544,245,488 70,602Executive Board of Directors2012 2011Nr. of shares Nr. of sharesRemuneration of companyUntil 20 February:Jorge Manuel Pragana da Cruz Morais 100,000 100,000100,000 100,000From 21 February:António Luís Guerra Nunes Mexia 41,000 41,000António Fernando Melo Martins da Costa 13,299 13,299António Manuel Barreto Pita de Abreu 34,549 34,549João Manuel Manso Neto 1,268 1,268João Manuel Veríssimo Marques da Cruz 3,878 3,878Nuno Maria Pestana de Almeida Alves 125,000 100,000Miguel Stilwell de Andrade 111,576 61,198330,570 255,192In accordance with the Company's by-laws, the remuneration of company officers is set by a Remunerations Committee appointed by the Shareholders’ GeneralMeeting, except for the fixed and variable remuneration of the members of the Executive Board of Directors, which is set by a Remunerations Committee appointed bythe General and Supervisory Board.In 2012, the annual fixed and variable remuneration cost accounted for the members of the Executive Board of Directors (EBD) and the fixed remuneration of theGeneral and Supervisory Board (GSB), was as follows:Thousands of Euros EBD GSBPresident 1,195 499Members 4,822 1,0876,017 1,586The remuneration costs accounted with the EBD, includes the amount of 1,833 thousands of Euros related to the annual variable remuneration. This amount wascalculated considering the maximum potential variable remuneration for the year, in accordance with Remunerations Committee policy of the GSB, deducted from thecorrection of the estimated amount from the previous year compared with the amount paid.The EBD and GSB remuneration recorded costs disclosed include the company officers remuneration in exercise until 20 February 2012, election date of the newcompany officers and the remuneration of this new officers nominated in that date.Additionally the Remunerations Committee policy of the GSB , foresees in certain circunstances, a variable multi-annual remuneration to the EBD members, whichpayment would be made at the end of the current mandate (2012-2014). On this basis, an estimated amount of 3,074 thousands of Euros was accrued.During 2012 the costs incurred with the fees of the Statutory Auditor amounts to 180,000 Euros and the remuneration costs of the members of the RemunerationsCommittee of the General Assembly amounts to 35,000 Euros.242A World Full Of Energy