Annual report 2019

133

Pension plans classified as funded defined benefit pension plans See note 25.1 for information on pension plans that are classified as funded defined benefit pension plans in accordance with IAS 19. There were no changes and further material transactions with these pension funds as disclosed in this note. Members of the Board of Management and members of the Supervisory Board The only key management officers qualifying as related parties are the members of the Board of Management and the members of the Supervisory Board. Joint ventures and associates Transactions with joint ventures and associates as part of regular business take place under normal business conditions at arm’s length. In 2019 these transactions regarding sales and purchases amounted to EUR 7.3 million and EUR 24.2 million, respectively (2018: EUR 6.7 million and EUR 20.3 million, respectively). Amounts receivable from and amounts payable to joint ventures and associates were EUR 5.9 million and EUR 13.0 million, respectively (2018: EUR 27.1 million and EUR 4.3 million, respectively). Transactions with members of the Board of Management and members of the Supervisory Board The remuneration of current and former members of the Board of Management and Supervisory Board of the Company in 2019 and 2018 were as follows: RELATED PARTY TRANSACTIONS

SHORT-TERM AND LONG-TERM VARIABLE REMUNERATION PAID*

ANNUAL SALARIES AND REMUNERATION

EMPLOYER'S PENSION CONTRIBUTIONS

OTHER REIMBURSE- MENTS

2018*

TOTAL*

Members of the Board of Management Dr. P.A.M. Berdowski

1,935 1,299

870 630 487

301 188 133

694 449

28 30

1,893 1,297

T.L. Baartmans

B.H. Heijermans (from 1 September 2018) J.H. Kamps (up to and including 8 May 2019)

185

57

8

685

1,296

225 313

67 68

696

10 17 93

998 398

C. van Noort (from 8 May 2019)

-

-

4,715

2,525

757

1,896

5,271

Members of the Supervisory Board J. van der Veer J.M. Hessels (up to and including 9 May 2018)

67

71

2

73

25 53 57 33

-

-

-

Ms. I. Haaijer H.J. Hazewinkel

49 60 52 34

2 2 2 2

51 62 54 36

J.P. de Kreij (from 9 May 2018) D.A. Sperling (from 8 May 2019)

-

Ms. J.A. Tammenoms Bakker (from 8 May 2019)

-

32 56

2 2

34 58

J. N. van Wiechen

58

C. van Woudenberg (up to and including 8 May 2019)

57

20

1

21

350

374

15

389

2,899

757

1,896

108

5,660

Total 2019

Total 2018

2,453

578

1,931

103

5,065

* The EU-IFRS expenses for the members of the Board of Management deviate from the remuneration as disclosed in the table above. The EU-IFRS short-term and long-term variable remuneration expenses as charged to the statement of profit or loss include, in addition to the paid variable remuneration as disclosed above the changes in the accrued expenses for future payments of variable remuneration and amount for Dr. P.A.M. Berdowski to EUR 950 thousand, for Mr. T.L. Baartmans to EUR 600 thousand, for Mr. B.H. Heijermans to EUR 371 thousand, for Mr. J.H. Kamps to nil and for Mr. C. van Noort EUR 263 thousand and which adds up to EUR 2,184 thousand (2018: EUR 1,551 thousand). The total EU-IFRS remuneration expense for Dr. P.A.M. Berdowski amounts to EUR 2,149 thousand, for Mr. T.L. Baartmans to EUR 1,448 thousand, for Mr. B.H. Heijermans to EUR 999 thousand, for Mr. J.H. Kamps to EUR 302 thousand and for Mr. C. van Noort to EUR 661 thousand, which adds up to EUR 5,559 thousand in total (2018: EUR 4,335 thousand).

ANNUAL REPORT 2019 – BOSKALIS A L E 9 -- BOSKALIS