Professional Documents
Culture Documents
300 $
$
300 $
440 $
$
300 $
440 $
520 $
$
$
$
1,500 $
300 $
3,700 $
1,040 $
6,300 $
2,300 $
300
440
520
620
$
300
$
440
$
520
$
620
$
740
$ 2,620 (2)
9,400 $ 13,100
4,180 $ 6,800
$ 6,300 (3)
Exhibit 6
Corporate
9 Management Committee Officers
(includes 3 global product heads)
Staff Officers
Corporate Staff
Global Business
Global Business Staff
Regions
Regional Division President
Regional Marketing Heads
Regional Staff
Country Managers & Controllers
Commercial Directors
Free Standing Businesses
Presidents
Staff
Business
Unit EVA
Global
Business
EVA
Region
EVA
EVA
Drivers
100%
100%
75%
25%
75%
50%
50%
25%
75%
75%
25%
50%
50%
75%
50%
50%
25%
50%
50%
25%
Exhibit 8
1996
1997
1998
1999
2000
$ 2,920 (a)
.
$2,150
$5,070
$12,000
$24,694
12,487
34
0
$12,173
(4,260)
$31,512
14,610
38
2,500
$14,364
(5,902)
$36,584
17,094
41
2,500
$16,949
(6,807)
$42,545
20,000
45
2,500
$20,000
(7,875)
$92,550
39,000
50
2,500
$51,000
(18,725)
Balance Sheet:
Net Operating Assets
$66,949
$79,000
$93,220
$110,000
$135,000
$0
$2,500
$5,000
$7,500
$10,000
11%
$200,000
n.a.
$60,000
$200,000
60%
From Footnotes:
Accumulated Goodwill Amortization
Capital Charge for EVA Purposes
Divisional Managers Bonus:
Base Salary
Bonus Target
Bonus Payout
Note:
(a) EVA was introduced in the Dermatology division for the first time in 2000. The 1999 EVA figure was calculated retroactively solely to set
2000 EVA targets. The 1999 EVA calculation includes the amortization of a 1995 R&D expense of $10,673.
cumilative Amortisation
1996
12,487
12,487
1997
14,610
27,097
1998
17,094
44,191
1999
20,000
64,191
2000
39,000
103,191
2497.4
7916.8
16755
29593.2
50231.4
9,990
19,180
27,436
34,598
52,960
$71,866
TAX
$53,141
22,040
Amortization for
EVA Adjustment
1996
1997
1998
1999
2000
1996
12,487
2497.4
1997
14,610
2497.4
2922
1998
17,094
2497.4
2922
3418.8
1999
20,000
2497.4
2922
3418.8
4000
2000
39,000
2497.4
2922
3418.8
4000
7800
2497.4
5419.4
8838.2
12838.2
20638.2
71