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
|
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
|
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.