employees
The average headcount over the year, including the three Management Board members, was 274 (previous year: 262, including three Management Board members).
contingent liabilities
As a security for customers in connection with large orders and for guarantees (e.g. in relation to landlords of office premises), secunet AG has access to a guarantee credit at its principle bank. As at 31 December 2010, the amount of this credit was Euro 1.8m (previous year: Euro 1.8m). To date, no use has been made of the guarantee credit.
other financial liabilities
As at the balance sheet date, other financial liabilities totalled Euro 7,316,334.78. They consisted mainly of the nominal amount of liabilities arising from office tenancy agreements, of which Euro 1,962,318.58 have less than one year to run, Euro 5,223,528.70 have between one and five years to run and Euro 130,487.50 have more than five years of their term left. None of the total liabilities are towards affiliated companies. Purchase commitments towards suppliers stood at Euro 2,309,242.33 as at the balance sheet date (previous year: Euro 2,858,541.19). These are due within one year.
liability arrangements
No declarations were issued that resulted in liability arrangements. relationships with affiliated companies
Through Giesecke & Devrient GmbH, Munich, the Company is an affiliated company of Giesecke & Devrient Holding GmbH, Munich, which prepares the Consolidated Financial Statements for the largest group of companies. Additionally, the Company is included in the Consolidated Financial Statements of Giesecke & Devrient GmbH, Munich, which prepares the Consolidated Financial Statements for the smallest group of companies. secunet AG also produces its own IFRS Consolidated Financial Statements. The Consolidated Financial Statements are published in the electronic Federal Gazette.
Auditors’ fees
In 2010 expenses included kEuro 55 for fees to the statutory auditor KPMG AG Wirtschaftsprüfungsgesellschaft, Essen branch, for its auditing of the financial statements, and kEuro 287 for other services provided by KPMG AG Wirtschaftsprüfungsgesell- schaft, Munich branch.
other
Management Board remuneration totalled kEuro 778.9 in financial year 2010 (previous year: kEuro 802.1). This breaks down into fixed components of kEuro 470 (previous year: kEuro 449.2), variable components of kEuro 251 (previous year: kEuro 305.9) and non-cash benefits of kEuro 57.8 (previous year: kEuro 47.1). The amount provisioned during the previous year for variable remuneration was released in the amount of kEuro 220.
As at 31 December 2010, the members of the Management Board no longer held any secunet AG shares. Supervisory Board remuneration in the financial year totalled kEuro 35.9 (previous year: kEuro 34.5). The members of the Supervisory Board held no shares in the Company as at the balance sheet date.
Disclosure of the individual amounts paid to members of the Management Board and Supervisory Board, along with further details of the remuneration system, can be found in the remuneration report that forms part of the management report of secunet AG. With regard to secunet AG, the Management Board and Supervisory Board issued the declaration required pursuant to Section 161 of the German Stock Corporation Act (Aktiengesetz, AktG). This is permanently available to shareholders on the Company’s website (http://www.secunet.com).
Executive bodies
Management board
Drrainer baumgart, chairman
(secunet AG shares held: none)
Graduate engineer thomas Koelzer
(secunet AG shares held: none)
Graduate business economist (fh) thomas pleines
(secunet AG shares held: none) supervisory board
Dr Karsten ottenberg, Munich
Chairman
• Chairman of the Management Board of Giesecke & Devrient GmbH, Munich
No other directorships
Dr Wilhelm Wick, essen
Vice-Chairman
• Project Director of Hitachi Power Europe GmbH, Duisburg
Other directorships:
• TÜV NORD AG, Hanover
• TÜV Thüringen e.V., Erfurt (until 8 June 2010)
Graduate engineer franz Markus haniel, Munich
• Member of the Advisory Council of Giesecke & Devrient GmbH, Munich
Other directorships:
• Franz Haniel & Cie. GmbH, Duisburg • METRO AG, Düsseldorf (until 5 May 2010) • Delton AG, Bad Homburg
• Heraeus Holding GmbH, Hanau • BMW AG, Munich
• TBG Limited, Malta
hans-Wolfgang Kunz, Munich
• Member of the Management Board of Giesecke & Devrient GmbH, Munich
Other directorships:
• Giesecke & Devrient America, Inc., Dulles, USA • Giesecke & Devrient India Pvt. Ltd., Gurgaon, India • Giesecke & Devrient GB Ltd., Wembley, London, UK • G y D Ibérica S.A., Barcelona, Spain
• Giesecke & Devrient International Finance S.A., Luxembourg • Giesecke & Devrient Systems Canada, Inc., Markham, Canada • Giesecke & Devrient Matsoukis Security Printing S.A., Athens, Greece
Dr elmar legge, schermbeck
• Member of the Management Board of RWTÜV e.V., Essen • Member of the Management Board of TÜV NORD AG,
Hanover
• Member of the Management Board of GREIF-Stiftung, Mülheim an der Ruhr
• Member of the Management Board of the RWTÜV Foundation, Essen
Other directorships:
• TÜV Thüringen e.V., Erfurt
• TÜV NORD PENSION TRUST e.V., Hanover
• VAI Van Ameyde International B.V., Rijswijk, Netherlands* • AHV VVAG, Essen
• RWTÜV GmbH, Essen*
• TÜV NORD Mobilität GmbH & Co. KG, Hanover* • TÜV NORD BILDUNG GmbH & Co. KG, Essen* • DMT GmbH & Co. KG, Essen*
(* Group-internal mandate in the TÜV NORD Group)
Dr peter Zattler, Grünwald
• Member of the Management Board of Giesecke & Devrient GmbH, Munich
Other directorships:
• Giesecke & Devrient International Finance S.A., Luxembourg • Giesecke & Devrient GB Ltd., Wembley, London, UK • G y D Ibérica S.A., Barcelona, Spain
(until 31 December 2010)
• n.v. Giesecke & Devrient s.a., Zaventem, Belgium
• Giesecke & Devrient Matsoukis Security Printing S.A., Athens, Greece
• Giesecke & Devrient 3S AG, Stockholm, Sweden shareholdings
secunet swissit AG, solothurn, switzerland
100% participation,
equity of the company as at 31 Dec 2010: kCHF -374, 2010 net income: kCHF +43
secunet s.r.o., prague, czech republic
100% participation,
equity of the company as at 31 Dec 2010: kCZK -7,412, 2010 net income: kCZK -15,892
secunet inc., Austin, texas, usA
100% participation (shelf company)
Essen, 22 March 2011