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.