104 / 130
31 Related parties
Related parties are members of the Board of Directors and the Executive Board or close members of
that person’s family, pension funds, associated companies as well as companies controlled by
significant shareholders. Information on significant shareholders is disclosed in note 14 of the financial
statements of Autoneum Holding Ltd on page 116.
The following transactions were carried out with related parties:
CHF million
2015
2014
Interest paid to shareholders on shareholder loans
-
1.0
Fees paid to the law firm of the Chairman of the Board of Directors
0.1
0.2
The total remuneration to the Board of Directors and to the Group Executive Board was as follows:
CHF million
2015
2014
Remuneration in cash
5.0
4.7
Remuneration in shares of Autoneum Holding Ltd
2.1
1.7
Employer contributions to pension plans
0.2
0.5
Social security expenses
0.3
0.3
The compensation of the Board of Directors and of the Group Executive Board is disclosed in the
Remuneration report on pages 104–107.
Members of the Group Executive Board can deposit part of their cash remuneration as
a receivable due from Autoneum Management Ltd. The interest rate of these deposits is in line
with market conditions.
Subordinated shareholder loans of CHF 25.0 million and an interest rate of 6% per annum were
repaid on August 21, 2014.
Year-end balances were as follows:
CHF million
31.12.2015 31.12.2014
Bonus accruals for Group Executive Board
2.2
2.1
Liabilities due to Group Executive Board
0.1
1.0
32 Net debt
CHF million
31.12.2015 31.12.2014
Cash and cash equivalents
–78.7
–140.9
Current financial assets
–0.8
–0.9
Borrowings
184.9
195.6
Net debt
105.4
53.9
100
Autoneum
Financial Report 2015
Consolidated financial statements