2. Additional information

Personnel expenses

The following information is presented in order to be compliant with the disclosure requirements of the German Commercial Code.

million €

 

 

  

Year ending Sept. 30, 2003

  

Year ending Sept. 30, 2004

Wages and salaries

 

  

7,113

  

7,121

Social security taxes

 

  

1,296

  

1,295

Net periodic pension costs - defined benefit

 

  

468

  

462

Net periodic pension costs - defined contribution

 

  

31

  

30

Net periodic postretirement benefit cost other than pensions

 

  

86

  

93

Other expenses for pensions and retirements

 

  

108

  

120

Related fringe benefits

 

  

335

  

344

Total

 

  

9,437

  

9,465
 

 

  

 

  

 

Employees

In the Group, the average numbers of employees over the past fiscal year were as follows:

 

 

  

Year ending Sept. 30, 2003

  

Year ending Sept. 30, 2004

Steel

 

  

49,291

  

48,857

Automotive

 

  

38,731

  

43,166

Elevator

 

  

29,114

  

31,014

Technologies

 

  

31,132

  

27,707

Serv

 

  

38,862

  

35,589

Real Estate

 

  

737

  

622

Corporate

 

  

694

  

723

Total

 

  

188,561

  

187,678

This total breaks down to

 

  

 

  

 

Wage earners

 

  

118,646

  

119,139

Salaried employees

 

  

65,110

  

63,823

Trainees

 

  

4,805

  

4,716

Executive and Supervisory Board Compensation

In fiscal year 2003/2004 total compensation including non-cash benefits made to the Executive Board amounted to €12.3 million. As of September, 2004, no loans or advance payments were granted to members of the Executive Board.

Total compensation paid to former members of the Executive Board and their surviving dependants amounted to €14.4 million. An amount of €129.9 million is accrued for pension obligations benefiting former Executive Board members and their surviving dependants.

For fiscal year 2003/2004, the members of the Supervisory Board will receive total compensation of €1.6 million based on the proposed dividend of €0.60 per share. Members of the ThyssenKrupp AG Supervisory Board received compensation of €0.2 million in fiscal 2003/2004 for supervisory board mandates at Group subsidiaries.

Executive and Supervisory Board compensation is individualized in the "Corporate Governance" chapter of the annual report. The information provided there is considered part of the Financial Report.

The members of the Executive Board and of the Supervisory Board are listed on the following pages.

Declarations of conformity with the German Corporate Governance Code in accordance with Art. 161 of the Stock Corporation Act (AktG)

On October 01, 2004 the Executive Board and Supervisory Board of ThyssenKrupp AG issued the updated declaration of conformity in accordance with Art. 161 of the Stock Corporation Act (AktG) and posted it on the company's website. ThyssenKrupp AG complies with all recommendations of the Government Commission on the German Corporate Governance Code in accordance dated May 21, 2003.

The declaration of conformity of our exchange-listed subsidiary Eisen- und Hüttenwerke AG was issued on September 16, 2004 and is now available to the shareholders.