Top Banner

Click here to load reader

FIGURES—FACTS—RESULTS FIGURES FACTS · PDF file 17th March, 1st July and 8th December. The relevant results were reported to the Super-visory Board. Furthermore, the finance...

Jul 21, 2020

ReportDownload

Documents

others

  • FIGURES FACTS

    RESULTS

    F I N A N C I A L R E P O R T 2 0 1 5

    G E

    M A

    F IN

    A N

    C IA

    L R

    E P

    O R

    T 2

    0 1

    5 F

    IG U

    R E

    S —

    F A

    C T

    S —

    R E

    S U

    LT S

    F A C T S A B O U T T H E F I N A N C I A L Y E A R

  • MANAGEMENT REPORT 21

    ORGANISATION 301

    02

    03

    04

    ANNUAL FINANCIAL STATEMENTS 35

    KEY DATA 51

    L E T T E R T O O U R M E M B E R S 4

    M A N A G I N G C O M M I T T E E 6

    S U P E R V I S O R Y B O A R D 8

    S U P E R V I S O R Y B O A R D ’ S R E P O R T 10

    H O N O R A R Y P R E S I D E N T S A N D H O N O R A R Y M E M B E R S 12

    O R G A N I S A T I O N C H A R T 13

    C O M M I T T E E S 14

    G E M A S O C I A L F U N D 19

    I N T E R N A T I O N A L O R G A N I S A T I O N S 20

    A . G E N E R A L C O N D I T I O N S 23

    B . F I N A N C I A L P E R F O R M A N C E 25

    C . R E P O R T O N E V E N T S A F T E R T H E R E P O R T I N G P E R I O D 28

    D . O P P O R T U N I T I E S A N D R I S K R E P O R T 29

    E . F O R E C A S T A N D O U T L O O K R E P O R T 33

    P R O F I T A N D L O S S S T A T E M E N T 37

    B A L A N C E A S A T 3 1 S T D E C E M B E R 2 0 1 5 38

    F I X E D A S S E T S 2 0 1 5 40

    R E S E R V E F U N D S F O R T H E D I S T R I B U T I O N 2 0 1 5 42

    N O T E S T O T H E A C C O U N T S 43

    D I S T R I B U T I O N T O M E M B E R S A N D R I G H T S H O L D E R S 52

    M E M B E R S H I P N U M B E R S A N D C A T E G O R I S A T I O N 52

    A D M I S S I O N O F N E W M E M B E R S 53

    P A R T I C I P A T I O N O F G E M A M E M B E R S I N T H E D I S T R I B U T I O N S 53

    S O C I A L A N D C U L T U R A L A L L O C A T I O N S 54

    I N T E R N A T I O N A L I N C O M E A N D P A Y M E N T S 54

    A U D I T O R S ’ R E P O R T 55

    P U B L I S H I N G I N F O R M A T I O N 56

    C O N T E N T S 1

  • KEY FIGURES 2015

    I N C O M E M I L L I O N E U R O

    O P E R A T I N G C O S T R A T I O P E R C E N T

    893.8

    13. 2

    D I S T R I B U T A B L E A M O U N T M I L L I O N E U R O

    748.1

    2 K E Y F I G U R E S 2 0 1 5

  • O R G A N I S A T I O N

    L E T T E R T O O U R M E M B E R S 4

    M A N A G I N G C O M M I T T E E 6

    S U P E R V I S O R Y B O A R D 8

    S U P E R V I S O R Y B O A R D ’ S R E P O R T 10

    H O N O R A R Y P R E S I D E N T S A N D H O N O R A R Y M E M B E R S 12

    O R G A N I S A T I O N C H A R T 13

    C O M M I T T E E S 14

    G E M A S O C I A L F U N D 19

    I N T E R N A T I O N A L O R G A N I S A T I O N S 20

    01

  • Dear GEMA members, dear readers,

    many of us consider it important not just to listen to music but also to hold a piece of it in their hands – in the sense of enjoying the entire work of art: to take a CD out of a lovingly wrapped gift box, place it into a CD player and then indulge in the pleasure of listening to its sounds while flicking through the booklet. This is why the German music market is an exception when it comes to physical sound recordings such as CDs or, more recently, even vinyl records: Unlike the majority of the rest of the world, Germany is still witnessing sig- nificant sales of CDs, DVDs and vinyl records – making up around two thirds of all proceeds from music sales in Germany.

    This is also reflected in GEMA’s balance for the financial year 2015: We managed to gen- erate about € 110m from licences in the phys- ical sound recording category, a similar result to the previous year. This amount forms part of the total income of € 893.8m – thus help- ing to repeat the exceptionally good financial results of the previous year.

    All licensing categories contributed to this result, but particularly income from inter- national royalties which were higher than expected, plus an increase in revenues gen- erated by the regional offices.

    The behaviour of music users in the online category does, however, not affect our income adequately at all. While streaming in particular, is rapidly increasing, GEMA col- lected slightly more than € 40m for online usage, and thus just about maintained the previous year’s results, which had been sig- nificantly influenced by retroactive payments for past periods. It is now key to continue with an expansion of these results in the coming years, based on the achieved levels, and to achieve a fair remuneration for the use of our members’ repertoire in a market that has become rather internationally organised in the meantime. The joint pan-European licensing in the online category together with our English and Swedish sister societies is intended to contribute towards this goal.

    LETTER TO OUR MEMBERS

    4 L E T T E R T O O U R M E M B E R S

  • GEMA’s strategic measures, for which the rather significant amount of nearly € 28m has been spent in 2015, include the imple- mentation of said cooperation, but also the modernisation of its IT infrastructure in order to reinforce a sustainable position for our association in the future. We did, on the other hand, considerably lower our operating costs – to € 118m in the past year.

    My special thanks goes to all our members of staff without whom it would not have been possible to achieve such excellent annual financial statements in a music market which continues to be characterised by fundamen- tal changes. They need to persist in their special efforts so that we can reach similarly positive results – which is our expectation – in the current financial year as we did in 2015. We are deeply convinced that music has its value and therefore actively support more than 70,000 members and their creative performances. We fight for a copyright that will not be undermined, and a remuneration

    which is fair and adequate across the board – so that you can live off your music and we can enjoy listening to your music. As Fried- rich Nietzsche once said: “Without music, life would be a mistake”. As would be a society.

    Dr. Harald Heker CEO and Chairman of the Managing Committee

    Dr. Harald Heker CEO and Chairman of the Managing Committee

    L E T T E R T O O U R M E M B E R S 5

  • MANAGING COMMITTEE

    Dr. Harald Heker ( * 1958) has been GEMA CEO and Chairman of the Managing Committee since 1st January 2007

    He studied law in Munich and did his doctor- ate in Freiburg im Breisgau. Between 1988 and 1990, he worked as a lawyer and man- aging director at the Institute for Copyright and Media Law in Munich. From 1990 to 2000, he was the general counsel of the Ger- man Publishers and Booksellers Association (Börsenverein) and co-director of the Ausstel- lungs- und Messe GmbH of the Börsenverein. From 2001 to 2005, he was the managing di- rector of the Börsenverein and since 2003, he has also held the position of speaker for the management committee of the Börsenverein Beteiligungsgesellschaft mbH, an affiliated company to the Börsenverein, under whose umbrella the Börsenverein pools its economic activities such as the organisation of the Frankfurt Book Fair. In 2006, Dr. Harald Heker became a member of the GEMA Managing Committee before he became CEO and chair- man of the Managing Committee in 2007.

    Lorenzo Colombini ( * 1972) was appointed CFO and member of the Managing Committee of GEMA on 1st July 2012

    The graduate in business and commerce (University “Luigi Bocconi”, Milan) has been working as Director for Finance and Account- ing since 2009. Before then, Colombini, a native of Milan, had been in charge of finan- cial affairs at the publicly listed Constantin Film AG in Munich from 2002 onwards. Prior to that, he worked for auditing firms KPMG and Ernst & Young.

    Georg Oeller ( * 1964) was appointed as a member of the GEMA Managing Committee with effect from 1st August 2009

    Oeller, a trained bank clerk and lawyer has been working for GEMA since 1995. He had been Director of the departments Distri- bution II (Abrechnung II) and International Income and Relations (Ausland) between 2002 and 2009.

    6 M A N A G I N G C O M M I T T E E

  • Georg Oeller Member of the Managing Committee

    Lorenzo Colombini Member of the Managing Committee

    Dr. Harald Heker CEO and Chairman of the Managing Committee

    M A N A G I N G C O M M I T T E E 7

  • SUPERVISORY BOARD*

    Chairman Prof. Dr. Enjott Schneider

    Deputy Chairmen Frank Dostal Karl-Heinz Klempnow

    Members of the Supervisory Board Burkhard Brozat Prof. Dr. Rolf Budde Jörg Evers Hans-Peter Malten Micki Meuser Frank Ramond Jochen Schmidt-Hambrock Dagmar Sikorski Patrick Strauch Prof. Lothar Voigtländer Stefan Waggershausen Dr. Ralf Weigand

    Deputies Jörg Fukking Winfried Jacobs Tobias Künzel Rudolf Müssig Hartmut Westphal Alexander Zuckowski

    * As at 31/12/2015

    8 S U P E R V I S O R Y B O A R D

  • Frank Dostal Deputy Chairman (category lyricists)

    Prof. Dr. Enjott Schneider Chairman of the Supervisory Board (category composers)

    Kar

Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.