ANNUAL REPORT 2013

FINANCIALS

25. Related party transactions


Fiskars has no significant transactions, liabilities or receivables with its associated company, Wärtsilä. The dividend from Wärtsilä EUR 25.6 million (26.8), has been reported as Dividends from associate in the Consolidated Statement of Cash Flows. The dividend was received in the first quarter of 2013. Fiskars Home Oy Ab rents real estate from its associate Koy Iittalan Lasimäki and has granted a capital loan to the company at inception.


EUR million 2013 2012
Rent 0.2 0.2
Capital loan 0.2 0.2














Shareholdings of the Board and key management, December 31

Includes holding of corporations under controlling power together with a family member.



2013 2012


Holdings of

Holdings of

Own controlled
Own controlled

holdings corporations Total holdings corporations Total
Bergh Kaj-Gustaf 5,000
5,000 5,000
5,000
Böer Ralf 5,677
5,677 5,677
5,677
Ehrnrooth Alexander 1,630,000 10,275,000 11,905,000 1,625,000 10,227,000 11,852,000
Ehrnrooth Paul 8,205 9,095,406 9,103,611 8,205 9,095,406 9,103,611
Fromond Louise 601,135 8,294,050 8,895,185 601,135 8,294,050 8,895,185
Gripenberg Gustaf 243,320 4,057,289 4,300,609 243,320 4,057,289 4,300,609
Jonasson Blank Ingrid 0
0 0
0
Slotte Karsten 1,000
1,000 1,000
1,000
Suominen Jukka 1,500
1,500 1,500
1,500







Alfthan Max 3,300
3,300 2,500
2,500
Ariluoma-Hämäläinen Nina* 0
0


Gaggl Risto** 0
0 0
0
Karlsson Jutta 0
0 0
0
Kauniskangas Kari 28,897
28,897 28,897
28,897
Pitkänen Ilkka*** 1,750
1,750 1,750
1,750
Westerlund Frans* 0
0









The Directors and the CEO do not have any debts to the company; nor has the company given pledges or taken on other responsibilities in their names. The shareholdings of the Board and key management represent in total 41.8% of the outstanding shares of the company.


* Member of the Executive board as of September 16, 2013.

** Member of the Executive board as of November 20, 2012.

*** Member of the Executive board as of August 27, 2012.


Remuneration of the Board and key management



2013 2012
EUR thousand Salaries and fees Statutory pension Supplementary pension* Salaries and fees Statutory pension Supplementary pension*
Bergh Kaj-Gustaf 104.2

98.4

Böer Ralf 53.2

49.0

Ehrnrooth Alexander 68.8

66.7

Ehrnrooth Paul 68.8

66.1

Fromond Louise 47.8

49.9

Gripenberg Gustaf 49.8

52.5

Jonasson Blank Ingrid 53.2

49.0

Slotte Karsten 47.2

46.6

Suominen Jukka 47.8

49.0








Kauniskangas Kari 891.7 163.1 80.7 751.3 169.3 78.0
Executive board excl. President & CEO 1,306.9 192.0 142.5 1,032.2 225.0 98.7
Total 2,739.4 355.1 223.2 2,310.5 394.3 176.7







The key management consists of the Board of Directors, the President & CEO and the members of Corporate Management Team (Executive Board). The figures are presented on an accrual basis.

* The key management has a collective supplementary pension insurance, which includes an old-age pension at the retirement age of 60 years, vested rights under certain conditions and indemnity payable at death. The amount of pension income is based on the insurance savings. The employer's contribution to the insurance plan is 20% of the preceding year's base salary of CEO and 14%─20% of the preceding year's base salary of the Executive Board excl. CEO.