Investor Presentaiton
118
A.P. Møller-Mærsk A/S Annual Report 2020
Financials
Parent company financial statements
Notes index
Amounts in USD million ==
Note 1 Revenue
Table 1.1
Other revenue
Total revenue
Note 2 Operating costs
Table 2.1
Rent and lease costs
Staff costs reimbursed to Rederiet A.P. Moller A/S¹
Other, including recharging of operating costs, net²
Total operating costs
Other revenue is internal lease income.
2020
2019
Table 1.1
17
18
17
18
2020
2019
11
14
149
124
-70
40
90
178
Average number of employees directly employed by the company
2
2
Table 2.2
The company's share of fees and remuneration to the Executive Board
Fixed base salary
Short-term cash incentive
Long-term share-based incentive plans
Remuneration in connection with redundancy, resignation and release from duty to work
Total remuneration to the Executive Board
Table 2.3
Fees to the statutory auditors
Statutory audit
Other assurance services
Tax and VAT advisory services
Other services
Total fees
5
12
2019
Table 2.1
1 Wages and salaries USD 127m (USD 116m) and pension
plan contributions USD 22m (USD 8m). Staff costs
included in integration and restructuring costs amount
to USD Om (USD 3m).
For information about share-based payment, reference
is made to note 9.
2 Other operating costs are positively impacted by USD
35m reversal of other provisions, ref. note 11, other
reversals and recharging of cost, etc.
Table 2.2
Contract of employment for the Executive Board contains
terms customary in Danish listed companies, including
termination notice and competition clauses. In connection
with a possible takeover offer, neither the Executive Board
nor the Board of Directors will receive special remunera-
tion. Fees and remuneration do not include pension.
The Board of Directors has received fees of USD 3m
(USD 3m).
Table 2.3
Fees for other services than statutory audit of the
financial statements provided by Pricewaterhouse-
Coopers Statsautoriseret Revisionspartnerselskab
to A.P. Møller-Mærsk A/S mainly consist of audit of
non-statutory financial statements, financial due
diligence and transaction advice, accounting advi-
sory services, review of the interim report and other
advisory accounting and tax services.
2020
2019
6
5
4
2
1
-
11
2020
1
-
1
1
1
2
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