35. Additional disclosures pursuant to Section 315e (1) of the German Commercial Code (HGB)

 

Total remuneration of the executive bodies

The amounts presented below for the remuneration of the Management Board and the Supervisory Board of NORMA Group SE result from the valuation principles defined in the German GAAP (HGB) and may differ from the amounts recognized in the IFRS Consolidated Financial Statements.

The remuneration of the Management Board and Supervisory Board was as follows:

The defined benefit obligation of pension commitments to prior members of the Management Board and their dependents was EUR 7,106 thousand as of December 31, 2024 (2023: EUR 7,196  thousand).

Further information on the remuneration of the members of the Management Board of NORMA Group SE can be found in the REMUNERATION REPORT.

 

Fees for the auditor

In the fiscal year of 2024, fees for the auditor, KPMG Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, were expensed as follows:

The fee for auditing services provided by KPMG AG Wirtschaftsprüfungsgesellschaft relates to the audit of the Consolidated Financial Statements and the Annual Financial Statements together with the Combined Management Report of NORMA Group SE as well as various audits of the annual financial statements of its subsidiaries in Germany.

The other assurance services relate to the audit of the non-financial statement and assurance services for financial covenants.

Fees for other services relate to audits in connection with regulatory requirements.

 

Headcount

The average headcount breaks down as follows:

The category ‘direct labor’ consists of employees who are directly engaged in the production process. The numbers fluctuate according to the level of output. Indirect employees are not directly involved in the production process, but only in a supporting role. Salary recipients are employees who work in administrative and general functions or in sales.

 

Scope of consolidation

The names and registered offices as well as their share in the subsidiaries, i.e. the companies included in the Consolidated Financial Statements in accordance with Section 313 (2) No. 1 HGB are listed in NOTE 4 SCOPE OF CONSOLIDATION.

 

Proposal for the distribution of the earnings

The Management Board of NORMA Group SE proposes to the Annual General Meeting to pay a dividend of EUR 0.40 per share to the shareholders. The total dividend payment would thus amount to EUR 12,744,960.

 

Declaration of Compliance with the German Corporate Governance Code (Section 161 AktG)

The Management Board and Supervisory Board have issued a Corporate Governance Declaration pursuant to section 161 of the German Stock Corporation Act (Aktiengesetz) and made it available to shareholders on the website of NORMA Group.