PDF, 1.2 MB - Pfleiderer AG

IX. Earnings per Ordinary Share
consolidated financial statements notes pfleiderer ag 113
The following table shows earnings per share:
X. Compensation of Boards/Shares held by Members of Boards
1. Executive Board
2. Supervisory Board
Year ending December 31,
2002 2001
Result net of minority interests ‘000 euros – 39,664 24,219
Average number of shares in circulation shares 42,673,784 42,685,000
Earnings per share euros – 0.93 0.57
Result per share, continued operations euros 0.37 1.00
Result per share, discontinued operations euros – 1.30 – 0.43
Stock options granted to members of the Executive Board and employees did not dilute the
result.
Total remuneration paid to the members of the Executive Board in fiscal 2002 amounted to
3,597 thousand euros (2001: 6,090 thousand euros). Remuneration paid for the year under
review includes a variable incentive component of 585 thousand euros.
Pension obligations to former members of the Executive Board and their dependants
amounted to 2,966 thousand euros (2001: 2,952 thousand euros). Total payments to former
members of the Executive Board amounted to 127 thousand euros in 2002.
As part of its Stock Option Plan, Pfleiderer AG granted members of the Executive Board
603,000 options to acquire Company stock against a personal investment contribution. This
figure is net of options granted to former members of the Executive Board. Based on the
amount of personal contributions made to the Stock Option Plan 2002, the Company plans to
grant members of the Executive Board a further 466,092 options. Members of the Executive
Board hold 54,060 shares (2001: 45,885).
Remuneration paid to members of the Supervisory Board in fiscal 2002 amounted to
151 thousand euros (2001:150 thousand euros).
Members of the Supervisory Board hold a total of 77,224 shares (2001: 168,933 shares).