2013 Registration document and annual financial report - page 281

Registration Document 2013
279
Financial Statemements
5
Consolidated Financial Statements And Notes
NOTE
44 CORPORATE OFFICERS’ COMPENSATION
(in millions of euros)
2012
2013
Expenses
Balance sheet
amount
Expenses
Balance sheet
amount
Short-term benefits received
7
4
8
4
Post-employment benefits
(1)
3
17
(10)
3
Other long-term benefits
-
-
-
-
Compensation for loss of office
(1)
-
-
13
3
Share-based payments
3
-
4
-
TOTAL PAYMENTS
13
21
15
10
(1) At December 31, 2013, the amounts presented mainly arose from the departure of certain Executive Committee members during the period, leading notably to the
reversal of provisions for post-employment benefits (pension benefits).
Corporate officers are defined as members of the Executive
Committee which had eight members at the end of December 31,
2013, and the Board of Directors.
In 2013, the compensation data for corporate officers presented
above includes all the different forms of compensation received
by the members of the Executive Committee.
Members of the Board of Directors do not receive any compensation
and receive only attendance fees. Attendance fees paid in 2013
by the Group to the members of the Supervisory Board for 2012
amounted to €550,720.
NOTE
45 FEES PAIDTOTHE AUDITORS
The table below shows the total fees billed by the Auditors recognized in the income statements in 2013 and prior year.
(in millions of euros)
2012*
2013
Statutory and contractual audit fees
(8)
(8)
Fees for audit-related services
(2)
(0)
TOTAL FEES BILLED BYTHE AUDITORS
(10)
(8)
* The fees paid by companies reclassified as discontinued operations according to IFRS 5 are included in this chart.
NOTE
46 SUBSEQUENT EVENTS
Launch of a bond offering
On January 31, 2014, Accor set the terms of a 7 year bond issue for
an amount of EUR 750 million with an annual coupon of 2.625%.
This operation enabled Accor to both lengthen the average maturity
of its debt and decrease significantly its average cost of funding.
Redemption of the February 4, 2009 bond
issue
On February 4, 2014, all outstanding February 4, 2009 bonds
(see Note 2.D) were redeemed for a total of €402.25 million.
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