Other disclosures

2.2.9.3.1

B. Executive Committee

In the financial year remuneration for the Executive Committee including pension expenses that were charged to the Company and its subsidiaries amounts of €6.3 million (2016: €6.1 million), which can be broken down as follows:

2017
  Short-term employee benefits Long-term employee benefits Total
In thousands of euro Salary costs(1) Performance bonus (short-term)(2) Other compensation(3) Post-employment benefits Performance bonus (long-term)(4) Participation plan(5)  
Executive Board              
Y.M. Knoop 461 406 48 90 309 71 1,385
A.E. Traas 378 172 64 15 163 22 814
J.N. Potijk 394 178 70 15 165 33 855
 
 
Executive Committee members 1,285 470 884 29 480 89 3,237
 
Total 2,518 1,226 1,066 149 1,117 215 6,291
 
(1) Including employer contributions social securities
(2) The performance bonus (short-term) relates to the performance in the year reported and is to be paid in the subsequent year.
(3) Other compensation mainly includes use of company cars, expenses, pension compensation own arrangement and any accrual for termination of the agreement of assignment.
(4) The performance bonus (long-term) concerns the proportional part of the costs recognised during the vesting period of three years in which specified performance targets are to be met. After the third year, the final bonus amount will be determined and paid.
(5) The employee participation plan concerns the costs charged during the vesting period relating to the discount on the conditionally issued depositary receipts and does not reflect the value of vested depositary receipts already in possession of the members of the Executive Board.

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2016
  Short-term employee benefits Long-term employee benefits Total
In thousands of euro Salary costs(1) Performance bonus (short-term)(2) Other compensation(3) Post-employment benefits Performance bonus (long-term)(4) Participation plan(5)  
Executive Board              
Y.M. Knoop 461 396 42 90 289 37 1,315
A.E. Traas 370 158 64 11 149 16 768
J.N. Potijk 391 193 68 11 145 18 826
 
 
Executive Committee members 1,524 504 473 73 522 61 3,157
 
Total 2,746 1,251 647 185 1,105 132 6,066
 
(1) Including employer contributions social securities
(2) The performance bonus (short-term) relates to the performance in the year reported and is to be paid in the subsequent year.
(3) Other compensation mainly includes use of company cars, expenses, pension compensation own arrangement and any accrual for termination of the agreement of assignment.
(4) The performance bonus (long-term) concerns the proportional part of the costs recognised during the vesting period of three years in which specified performance targets are to be met. After the third year, the final bonus amount will be determined and paid.
(5) The employee participation plan concerns the costs charged during the vesting period relating to the discount on the conditionally issued depositary receipts and does not reflect the value of vested depositary receipts already in possession of the members of the Executive Board.

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2.2.9.3.2

The following table includes the ownership of the (depositary receipts for) shares.

  (Depositary receipts of) shares
In numbers 2017 2016
Y.M. Knoop 284,001 222,967
A.E. Traas 109,329 100,235
J.N. Potijk 602,593 876,545
 
Non statutory board members 178,501 859,065
Total 1,174,424 2,058,812

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C. Supervisory board 

In the financial year remuneration for members of the Supervisory Board, and former members of the Supervisory Board within the meaning of section 383 sub 1 of Book 2 of the Dutch Civil Code were charged to the Company and its subsidiaries for an amount of €338 thousand (2016: €271 thousand), which can be broken down as follows:

2017
In thousands of euro Attendance fee Commission fee Other compensation(1) Total
Supervisory Board        
J.W. Eggink 60.0 2.5 2.6 65.1
J.W. Addink-Berendsen 45.0 10.0 1.5 56.5
V.A.M. Hulshof 43.0 4.0 1.3 48.3
C. de Jong(2) 28.7 4.0 2.2 34.9
H. Mulder(3) 15.3 2.0 3.7 21.0
C.J.M. van Rijn 43.0 14.5 3.3 60.8
W.M. Wunnekink 43.0 7.0 1.0 51.0
Total 278.0 44.0 15.5 337.5
 
(1) Including social security contributions
(2) Appointed per 26 April 2017
(3) Resigned per 26 April 2017

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2016
In thousands of euro Attendance fee Commission fee Other compensation(1) Total
Supervisory Board        
J.W. Eggink 50.0 7.5 5.3 62.8
J.W. Addink-Berendsen 30.0 7.5 4.7 42.2
V.A.M. Hulshof 30.0 0.0 4.3 34.3
H. Mulder 35.0 5.0 5.4 45.4
C.J.M. van Rijn 30.0 12.5 3.6 46.1
W.M. Wunnekink 30.0 5.0 4.7 39.7
Total 205.0 37.5 28.0 270.5
 
(1) Including social security contributions

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In the regular course of business the Group enters into sales transactions with members of the Supervisory Board. The related party transactions were carried out at arm’s length.

The following table provides the total amount of transactions.

In thousands of euro 2017 2016
 
Sales to 525 468
Purchases from 497 -

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The following table provides the total balances of receivables from and payables to the members of the Supervisory Board.

In thousands of euro 31 December 2017 31 December 2016
 
Amounts owed by 26 10
Amounts owed to - -

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The following table includes the ownership of the (depositary receipts of) shares and the number of participation accounts issued by the cooperative and which can be converted into depositary receipts.

2017
  Depositary receipts/ shares Participation accounts(1) Total
J.W. Eggink 7,179 12,799 19,978
J.W. Addink-Berendsen 9,640 12,294 21,934
V.A.M. Hulshof   8,640 8,640
C. de Jong     -
C.J.M. van Rijn     -
W.M. Wunnekink     -
Total 16,819 33,733 50,552
(1) The balance on the participation account can be converted into depositary receipts or shares of ForFarmers N.V.

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2016
  Depositary receipts/ shares Participation accounts(1) Total
J.W. Eggink 7,179 12,130 19,309
J.W. Addink-Berendsen 9,640 11,187 20,827
V.A.M. Hulshof - 6,480 6,480
H. Mulder 49,500 - 49,500
C.J.M. van Rijn - - -
W.M. Wunnekink - - -
Total 66,319 29,797 96,116
(1) The balance on the participation account can be converted into depositary receipts or shares of ForFarmers N.V.

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The members of Supervisory Board did not experience any impediment in the performance of their duties during the past year as a result of transactions that they conducted.

Followed by the appointment of Mr. C. de Jong as member of the Supervisory Board, Chr. Hansen Holding A/S including the activities of its subsidiaries (hereafter mentioned together as: Chr. Hansen), is a related party of the Group as from 26 April 2017, since Mr. C. de Jong holds the position of CEO at this company. The Group has, as of 31 December 2017, no contractual obligations with Chr. Hansen and has bought goods for an amount of €0.5 million in the period from 26 April 2017 to 31 December 2017. The related party transactions were carried out at arm’s length.

D. Executive Committee Coöperatie FromFarmers U.A.

In the regular course of business the Group enters into sales transactions with members of the executive Committee Coöperatie FromFarmers U.A.. The related party transactions were carried out at arm’s length.

The following table provides the total amount of transactions.

In thousands of euro 2017 2016
 
Sales to 805 319
Purchases from - -

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The following table provides the total balances of receivables from and payables to the members of the executive Committee Coöperatie FromFarmers U.A..

In thousands of euro 31 December 2017 31 December 2016
 
Amounts owed by 33 10
Amounts owed to - -

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The transactions with, the receivables from and payables to the members of the executive Committee of the Coöperatie FromFarmers U.A. include the transactions with and position to the members who are part of the Supervisory Board of ForFarmers N.V..

E. Joint venture

The following table provides the total amount of transactions that have been entered into with the joint venture HaBeMa:

In thousands of euro 2017 2016
Sales of goods and services
 
Sales to 5 0
Purchases from 45,075 39,800

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The following table provides the total balances with the joint venture HaBeMa:

In thousands of euro 31 December 2017 31 December 2016
 
Amounts owed by - -
Amounts owed to 1,893 2,123

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