31 Related party transactions (continued)
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Ahold Annual Report 2012 128
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
Notes to the consolidated
financial statements
Remuneration of the individual Corporate Executive Board members
The remuneration of the individual Corporate Executive Board members, which is disclosed as of the year the members' appointment was approved by the General Meeting of Shareholders,
can be specified as follows:
Direct remuneration
Deterred remuneration
thousand
Base salary
Bonuses1
Other2
Total direct
remuneration
Share-based
Compensation3
Pensions4
Total
Remuneration5
Dick Boer
2012
965
478
13
1,456
890
95
2,441
2011
898
907
23
1,828
771
131
2,730
Jeff Carr
2012
600
330
155
1,085
386
175
1,646
2011
Lodewijk Hijmans van den Bergh
2012
530
292
49
871
412
120
1 ,403
2011
500
505
11
1,016
239
1 20
1,375
James McCann
2012
600
330
153
1,083
386
138
1,607
2011
John Rishton6
2012
2011
149
57
206
93
38
337
Kimberly Ross7
2012
2011
491
246
737
(611)
(454)
(328)
Lawrence Benjamin8
2012
2011
59
64
1 27
250
(113)
137
Total 2012
2,695
1,430
370
4,495
2,074
528
7,097
Total 201 1
2,097
1,476
464
4,037
492
(278)
4,251
1 Bonuses represent accrued bonuses to be paid in the following year.
2 "Other" mainly includes allowances for housing expenses, international school fees, employer's contributions to social security plans, benefits in kind such as tax advice, tax compensation (for company car), medical expenses, and the associated tax gross up.
3 The amounts represent the share-based compensation expense calculated under IFRS 2. The fair value of each year's grant is determined on the grant date and expensed on a straight-line basis over the vesting period. The expense for 2012 reflects this
years portion of the share grants over the previous five years (2008 to 2012).
4 Pension costs are the total net periodic pension costs.
5 On July 18, 2012, the Budget Agreement 2013 Tax Measures Implementation Act came into effect. One of the amendments concerns a one-off crisis levy of 16% of the wages from current employment (including any bonuses) that employers paid their
employees during 2012, insofar such wages exceeded €150,000. The total crisis levy accrued for the CEB members in 2012 was €773,000 and is excluded from Total remuneration' as presented in the table above. The crisis levy was €472,000,
€67,000, €151,000 and €83,000 for Dick Boer, Jeff Carr, Lodewijk Hijmans van den Bergh and James McCann, respectively.
6 John Rishton voluntarily resigned from the Corporale Executive Board on February 28, 2011. The share-based compensation expense related to John Rishton's seivice period during 2011 was €93,000 (relating to shares vesting in 2011
7 Kimberly Ross voluntarily resigned from the Corporate Executive Board on November 22, 2011The share-based compensation expense related to Kimberly Ross' service period during 2011 was €43,000 (relating to shares vesting in 2011In
addition, an amount cf €654,000 was reversed, representing the share-based compensation expense recognized in the previous years related to shares that were forfeited (the three-year grants for 2009 and 2010, the five-year grants for 2007, 2008,
2009, and 2010 and the matching shares related to the 2007 granl).
8 Lawrence Benjamin retired from the Corporate Executive Board as of January 31, 2011.
