H
142
Fifi1UE3
31 Related party transactions (continued)
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
Remuneration of the Management Board by member
Direct remuneration
Deferred remuneration
thousand
Base salary
Bonuses1
Total direct
Other2 remuneration
Share-based
compensation3 Pensions4
Total
remuneration5
Dick Boer
2013 975 868 12 1,855 1,114 433 3,402
2012
965
478
13
1,456
890
95
2,441
Jeff Carr
2013
615
547
154
1,316
615
257
2,188
2012
600
330
155
1,085
386
175
1,646
Lodewijk Hijmans van den Bergh
2013
537
478
16
1,031
545
212
1,788
2012
530
292
49
871
412
120
1,403
James McCann
2013
650
579
414
1,643
665
239
2,547
2012
600
330
153
1,083
386
138
1,607
Total 2013
2,777
2,472
596
5,845
2,939
1,141
9,925
Total 2012 2,695 1,430 370 4,495 2,074 528 7,097
Remuneration of the Executive Committee including Management Board
During 2013, the ExCo was formed. The table below specifies the remuneration of the ExCo, comprising the Management Board members as above and the additional ExCo members that
were not part of the Management Board.
thousand
2013
Base salary
3,183
Bonuses1
2,821
Other2
865
Share-based compensation3
3,983
Pensions4
1,320
Total remuneration5
12,172
1 Bonuses represent accrued bonuses to be paid in the following year.
2 "Other" mainly includes allowances for housing expenses, relocation costs, international school fees, employer's contributions to social security plans, benefits in kind such as tax advice, tax compensation (for company car, hypo tax), medical expenses,
and the associated tax gioss 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 2013 reflects this
yea!s portion of the share grants over the previous five years (2009 to 2013). The share-based compensation expense also includes the expense related to the shares under the new program as described in Note 32. Under this program 105,000 shares
were granted to ExCo members that were not part of the Management Board, of which 35,000 shares vested in 2013. The total share-based compensation expense in 2013 for these ExCo members is €1,044,000 of which €792,000 is related to the
new program and €252,000 to the 2013 grant under the GRO program.
4 Pension costs are the total net periodic pension costs.
5 The crisis levy of 16% of the wages from current employment (including any bonuses) that employers paid their employees during 2012 and 2013, insofar as such wages exceeded €150,000, came into effect in 2012 following the Budget Agreement
2013 Tax Measures Implementation Act and was extended through 2013 in the 2014 Tax Plan. The total crisis levy accrued for the Management Board members in 2013 was €707,000 (2012: €773,000) and is excluded from 'Total remuneration"
as presented in the tables above. The crisis levy was €403,000, €94,000, €189,000 and €21,000 for Dick Boer, Jeff Carr, Lodewijk Hijmans van den Bergh and James McCann, respectively (2012: €472,000, €67,000, €151,000 and €83,000
respectively). The total crisis levy accrued for the ExCo members that were not part of the Management Board was €51,000 in 2013 (2012: nil).