Other disclosures

17 Share-based payment

A new system to grant variable remuneration components to certain Group executives was implemented in financial year 2009. In the first six months of 2010, an amount of €7 million (31 December 2009: €5 million) was transferred to the capital reserves for the 2009 and 2010 tranches of the Share Matching Scheme. Exercise of the rights to shares in April 2010 reduced the capital reserves by €9 million due to the corresponding issuance of treasury shares to executives. 

Capital reserves
€m
	2009	2010
Balance at 1 January	2,142	2,147
Addition
Issuance of share rights under the Share Matching Scheme 2009	5	5
Issuance of share rights under the Share Matching Scheme 2010	0	2
Exercise of share rights under the Share Matching Scheme 2009	0	–9
Balance at 31 Dec. 2009/30 June 2010	2,147	2,145

The SAR provisions for other share-based payment systems for executives (Board of Management and executives) amounted to €24 million as at 30 June 2010 (31 December 2009: €16 million).

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