A list of affiliated and associated companies is included in Note 30.
Related parties according to IAS 24 “Related Party Disclosures” are, besides the Board of Directors, essentially the Supervisory Board, affiliated companies and shareholders.
Each member of the Supervisory Board receives a fixed annual remuneration of €30k, which is payable at the end of the relevant fiscal year. The Chairman receives double the amount and the Deputy Chairman as well as the Chairman of the Audit Committee receives one and a half times that amount. In fiscal year 2005/2006, the members of the Supervisory Board received emoluments of €608k (previous year: €594k). As Chairman of the Supervisory Board, Johannes P. Huth received emoluments totaling €72k, while his Deputy, Manfred Feierabend, received €63k. Compensation paid to Dr. Alexander Dibelius and Hero Brahms for their services as members of the Supervisory Board and Chairman of the Audit Committee amounted to €51k and €57k respectively. Thomas Meilwes, Michael Schild, Volker Kotnig and Prof. Dr. Walter Kröll each received €45k, while Walter Gunz received €39k. Compensation attributable to Edmund Schäfer and Helga Schwarz-Schumann for their services on the Supervisory Board until February 21, 2006, was €19k; Edward A. Gilhuly received €15k. Dr. Bernhard Motzko and Franz Tölle received compensation of €32k for their Supervisory Board tenure since February 21, 2006; Prof. Dr. Harald Wiedmann received €29k.
The emoluments and pension entitlements of the members of the Board of Directors in fiscal 2005/2006 amounted to €6,863k and €2,576k respectively (previous year: €3,515k and €1,507k respectively). The emoluments include the cash settlement of the share-based payment program 2004 in the amount of €1,402k. The increase in comparison to the previous year is due to the appointment of Philip Mantle (departed on December 22, 2005), Jürgen Wilde and Stefan Auerbach to the Board of Directors of Wincor Nixdorf AG as of October 1, 2005.
The members of the Board of Directors have received 30,000 options within the scope of the share-based payment program 2006 and 20,000 options within the scope of the share-based payment program 2005. During the year under review, the members of the Board of Directors and Supervisory Board own shares representing directly or indirectly a nominal value of more than 1% of the subscribed capital. All four members of the Board of Directors are holding 1.39% of the subscribed capital. The members of the Supervisory Board held 0.05% of the subscribed capital.
No goods or services were supplied to RUBEAN AG, Munich, either during fiscal 2005/2006 or during the previous year. No receivables nor liabilities vis-à-vis this company were in existence as of the balance sheet date.
In relation to WINCOR NIXDORF Immobilien GmbH & Co. KG, incidental rental expenses were on-billed for buildings held and rented out by the company.
Provision of goods and services was billed and paid for at “arm’s length” prices as would apply between unconnected third parties. No other business of a material nature was transacted with related parties.