56.2 Related-party disclosures (individuals)

In accordance with IAS 24, the Group also reports on transactions between the Group and related parties or members of their families. Related parties are defined as the Board of Management, Supervisory Board, heads of corporate departments or business departments (second-level executives) and the members of their families.

There were no reportable transactions between members of the Board of Management and their families and the Group in financial year 2008. In some cases, members of the Supervisory Board were involved in legal transactions with Deutsche Post AG. These mainly related to services rendered in a volume of €0.4 million, and loans granted by Deutsche Postbank AG. In a few cases, second-level executives indicated to have concluded agreements with Deutsche Post AG. The transactions mainly consisted of rendering consulting and other services. The volume of these transactions was approximately €0.8 million. Deutsche Postbank AG granted loans to the second-level executives in the total amount of €2.4 million. The terms to maturity vary between 3 and 15 years. Unless a variable interest rate was agreed, the rate is between 3.2% and 5.6%. The amount of the loans was €2.2 million as at 31 December 2008.

The remuneration of key management personnel of the Group requiring disclosure under IAS 24 comprises the remuneration of the active Board of Management and Supervisory Board members. The active members of the Board of Management and the Supervisory Board were remunerated as follows:

The post-employment benefits are recognised as the service cost resulting from the pension provisions for active members of the Board of Management. The share-based remuneration amount relates to the share-based remuneration expense recognised in financial year 2008. It is itemised in the following table:

Share-based remuneration
thousands of €
	2007			2008
	Stock options	SAR	Total	Stock options	SAR	Total
Dr Frank Appel, Chairman	161	431	592	43	167	210
John Allan	0	35	35	0	84	84
Bruce Edwards	–	–	–	0	73	73
Jürgen Gerdes	11	105	116	11	96	107
John P. Mullen	106	431	537	43	131	174
Walter Scheurle	161	431	592	43	131	174
Hermann Ude	–	–	–	11	73	84
Dr Wolfgang Klein (until 9 November 2008)	0	0	0	0	0	0
Dr Klaus Zumwinkel (until 17 February 2008)	242	647	889	9	11	20
Prof. Dr Edgar Ernst (until 30 June 2007)	139	289	428	–	–	–
Dr Hans-Dieter Petram (until 30 June 2007)	118	146	264	–	–	–
Prof. Dr Wulf von Schimmelmann (until 30 June 2007)	118	0	118	–	–	–
Share-based remuneration	1,056	2,515	3,571	160	766	926

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