COMPENSATION Report

The Compensation Report has been drawn up on the basis of articles 14 to 16 of the Ordinance against excessive pay in listed companies (Verordnung gegen übermässige Vergütungen bei börsenkotierten Aktiengesellschaften [VegüV]). It replaces the disclosures pursuant to Art. 663b of the Swiss Code of Obligations previously provided in the parent company financial statements of Züblin Immobilien Holding AG.

Compensation of the Board of Directors

in CHF

Basic compensation

Subsidiaries 1

Total

 

 

 

 

Financial year 2017/2018

 

 

 

Dr. Iosif Bakaleynik, Chairman 2

100 000

0

100 000

Vladislav Osipov, Member 2

70 000

0

70 000

Dr. Markus Wesnitzer, Member 2

70 000

5 926

75 926

Dr. Wolfgang Zürcher, Member

70 000

0

70 000

Total Board of Directors

310 000

5 926

315 926

Compensation approved by the Annual General Meeting

 

 

550 000

 

 

 

 

Financial year 2016/2017

 

 

 

Dr. Iosif Bakaleynik, Chairman 2

100 000

0

100 000

Vladislav Osipov, Member 2

70 000

0

70 000

Iakov Tesis, Member until 21 March 2017

70 000

0

70 000

Dr. Markus Wesnitzer, Member 2

70 000

13 545

83 545

Dr. Wolfgang Zürcher, Member

70 000

0

70 000

Total Board of Directors

380 000

13 545

393 545

Compensation approved by the Annual General Meeting

 

 

550 000

1 Board compensation at the subsidiary level.

2 This member of the Board of Directors was also a member of the Board of Directors of ZIAG Immobilien AG, Dusseldorf until 21/08/2017.

Compensation of the Executive Management

in CHF

Basic compensation

Bonus in cash

One time transaction related bonus in cash

Employers contributions 1

Total

Financial year 2017/2018

 

 

 

 

 

Dr. Iosif Bakaleynik, CEO

625 000

243 750

312 500

140 292

1 321 542

Roland Friederich, CFO

220 000

85 800

110 000

55 367

471 167

Total Executive Management

845 000

329 550

422 500

195 658

1 792 708

Compensation approved by the Annual General Meeting

 

 

 

 

1 800 000

 

 

 

 

 

 

Financial year 2016/2017

 

 

 

 

 

Dr. Iosif Bakaleynik, CEO

625 000

312 500

0

130 958

1 068 458

Thomas Wapp, CFO and COO until 31 March 2017

360 000

0

0

68 846

428 846

Roland Friederich, CFO since 1 December 2016

73 333

36 667

0

14 300

124 300

Total Executive Management

1 058 333

349 167

0

214 104

1 621 604

Compensation approved by the Annual General Meeting

 

 

 

 

2 300 000

1 thereof contribution to pension schemes (AHV, pension fund) CHF 163’718 (prior year: CHF 199’483)

Additional information on the Compensation Report

The expenses of CHF 16'260 for social security contributions are not reported for the individual Board members, as these contribtions do not give rise to additional pension entitlements. No non-executive member of the Board of Directors is a member of the companyʼs pension fund.

All members of the Board of Directors and the Executive Management receive lump-sum expenses at the level permitted by the tax authorities. Expenses incurred in connection with board meetings and which are not covered by the lump-sum expenses are also reimbursed.

The company has no outstanding loans to current or former members of the board or management.

All expenses are recognized on the basis of the accrual principle and reconcile with the information in both the parent company and consolidated financial statements of Züblin Immobilien Holding AG.