Remuneration costs

The table below gives an overview of the costs incurred by the Company in the financial year in relation to the remuneration of the Board of Management. Costs related to performance shares, stock option and restricted share right grants are taken by the Company over a number of years. As a consequence, the costs mentioned below in the performance shares, stock options and restricted share rights columns are the accounting cost of multi-year grants given to members of the Board of Management during their board membership.

Philips Group
Remuneration Board of Management1) in EUR
2014
 
 
Costs in the year
 
annual base salary 2)
base salary
realized annual incentive
perfor­mance shares
stock options
restricted share rights
pension costs
other compen­sation
F.A. van Houten
1,150,000
1,137,500
349,600
860,564
101,344
76,951
485,655
86,554
R.H. Wirahadiraksa
725,000
712,500
156,600
446,337
68,914
52,965
298,995
35,909
P.A.J. Nota
650,000
643,750
258,180
406,358
68,914
57,200
267,037
63,507
 
 
2,493,750
764,380
1,713,259
239,172
187,116
1,051,687
185,970
1)
Reference date for board membership is December 31, 2014
2)
Salary as of April 1, 2014
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CO2-equivalent or carbon dioxide equivalent is a quantity that describes, for a given mixture and amount of greenhouse gas, the amount of CO2 that would have the same global warming potential (GWP), when measured over a specified timescale (generally 100 years).