The share option scheme

The Executive Board and members of the management team are included in a share option scheme: A share-based incentive programme in which the employees can only choose to buy share options (equity schemes), which are measured at fair value at the time of granting and recognised in the income statement as a staff expense during the time period in which the employees earn the right to buy the shares.

The matching item is recognised directly in the equity. On the first recognition of the share options, the number of options which the employees earn the right to buy is estimated. The estimate of the number of options which the employees earn the right to buy will be adjusted on a running basis until the amount recognised in the equity is based on the actual number of options which the employees have earned the right to buy.

The fair values of the options are estimated. The calculation take into account any terms that may be connected to the granted share options.