2014 Registration Document and Annual Financial Report - page 267

5
Financial Statemements
Consolidated Financial Statements and Notes
NOTE 44
CORPORATE OFFICERS’ COMPENSATION
(inmillions of euros)
2013
2014
Charges Montant au bilan
Expenses
Balance sheet
amount
Short-term benefits received
8
4
13
8
Post-employment benefits
(1)
(10)
3
1
2
Other long-term benefits
-
-
-
-
Compensation for loss of office
(1)
13
3
-
-
Share-based payments
4
-
2
-
TOTAL COMPENSATION
15
10
16
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 asmembers of the ExecutiveCommittee
which had eleven members at the end of December 31, 2014 (eight
members at the end of December 2013) and the Board of Directors.
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 by the Group
to the members of the Supervisory Board for 2013 amounted to
€549,184.
NOTE 45
FEES PAIDTOTHE AUDITORS
The table below shows the total fees billed by the Auditors recognized in the income statements in 2014 and prior year.
(inmillions of euros)
2013
2014
Statutory and contractual audit fees
(8)
(9)
Fees for audit-related services
(0)
(1)
TOTAL FEES BILLED BYTHE AUDITORS
(8)
(10)
NOTE 46
SUBSEQUENT EVENTS
Sale & Management Back
of the Zurich MGallery
On February 18, 2015, Accor announced the signature of an
agreement relating to the sale and management-back of the Zurich
MGallery to a private investor, already an Accor franchisee, for a total
of €55 million. This amount includes the sale price of €32 million
and a commitment from the buyer to carry out €23 million worth
of renovations.
The hotel will continue to be operated by Accor under a long-term
management contract. The hotel property was bought back by
Accor as part of a portfolio of properties previously owned by Axa
(see Note 3.B.2).
Registration Document 2014
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