31 – Compensation for the Board of Executive Directors and Supervisory Board of BASF SE

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Million €

2013

2012

Performance-related and not performance-related cash compensation for the Board of Executive Directors

21.0

23.1

Market value of options granted to the Board of Executive Directors in the fiscal year as of the grant date

5.5

4.0

Total compensation for the Board of Executive Directors

26.5

27.1

Service costs for members of the Board of Executive Directors

4.7

4.1

 

 

 

Compensation for the Supervisory Board

3.0

3.0

Total compensation for former members of the Board of Executive Directors and their surviving dependents

10.5

23.7

Pension provisions for former members of the Board of Executive Directors and their surviving dependents

131.8

142.3

Guarantees assumed for members of the Board of Executive Directors and the Supervisory Board

Performance-related compensation for the Board of Executive Directors is based on the return on assets, as well as the performance of the entire Board. Return on assets corresponds to earnings before taxes plus borrowing costs as a percentage of average assets.

The members of the Board of Executive Directors were granted 230,948 options under the long-term incentive (LTI) program in 2013.

The options of active and former members of the Board resulted in personnel expenses of €10.3 million in 2013. In 2012, the options resulted in expenses of €37.5 million.