Qantas 2001 Annual Report Download - page 33

THE SPIRIT OF AUSTRALIA p31
Non-Cash Superannuation Retirement
Fees 1Benefits 2Contributions Benefits Total
Non-Executive Directors $ $ $ $ $
Margaret Jackson 237,083 50,130 8,416 – 295,629
Gary Pemberton 20,833 28,151 1,667 – 50,651
Mike Codd 87,500 39,978 7,000 – 134,478
John Ducker 15,000 20,951 1,200 131,000 168,151
Trevor Eastwood 81,666 37,086 5,200 – 123,952
Rod Eddington327,083 6,580 2,167 – 35,830
Jim Kennedy 85,833 5,286 6,867 – 97,986
Trevor Kennedy 65,000 36,287 5,200 – 106,487
Lord Marshall337,916 – 3,033 – 40,949
Roger Maynard375,000 30,745 6,000 – 111,745
John Rishton3–––––
John Schubert 51,250 – 4,100 – 55,350
Derek Stevens3–––––
Nick Tait383,333 18,162 6,667 – 108,162
Fixed Annual Performance Non-Cash Termination
Remuneration 4Bonus Benefits 2Payments Total
Executive Directors $ $ $ $ $
James Strong51,426,500 – 50,704 – 1,477,204
Geoff Dixon61,150,663 – 15,388 – 1,166,051
Peter Gregg6566,513 – 38,858 – 605,371
Gary Toomey 362,441 – 20,634 150,000 533,075
Fixed Annual Performance Non-Cash Termination
Executive Officers Remuneration 3Bonus Benefits 2Payments Total
(excluding Directors) $ $ $ $ $
QANTAS AND QANTAS GROUP
CURRENT EXECUTIVES
David Burden 552,138 – 81,115 – 633,253
Steve Mann 439,297 – 26,370 – 465,667
David Forsyth 437,674 – 20,978 – 458,652
George Elsey 382,662 – 50,171 – 432,833
Paul Edwards 399,642 – 31,152 – 430,794
FORMER EXECUTIVES
George Dalidakis 167,652 – 21,238 454,382 643,272
Kevin Turnbull 159,631 – 48,135 327,550 535,316
1Fees comprise both Directors’ fees and Committee fees.
2Non-cash benefits include car parking, and travel and accommodation discounts obtained from time to time by Directors and executives, some of which are
through agreements entered into by the Qantas Group. Travel benefits are available on similar terms and conditions as those offered to other senior executives
and employees of the Qantas Group. The amount of non-cash benefits disclosed above has been determined on a “cost to the company” basis.
3Directors’ fees for British Airways Directors of Qantas are paid directly to British Airways Plc.
4Fixed annual remuneration includes base salary, motor vehicle allowance and salary sacrifice superannuation contributions.
5James Strong retired as a Director on 5 March 2001. As Mr Strong remained an employee of Qantas until 31 July 2001, the remuneration disclosed above
represents the total amount paid to Mr Strong for the full financial year ended 30 June 2001.
6Geoff Dixon and Peter Gregg were appointed as Directors on 1 August 2000 and 13 September 2000 respectively. The remuneration disclosed above represents
the total amounts paid to Mr Dixon and Mr Gregg for the full financial year ended 30 June 2001.
DIRECTORS’ AND EXECUTIVE OFFICERS’
EMOLUMENTS (continued)
In addition, the service contracts of certain Executive Directors and
senior executives provides for the payment of a bonus on the
completion of five years’ service. This bonus is payable when the
executive ceases employment with the Qantas Group and is included
in remuneration at that time.
Non-Executive Directors do not receive any performance-related
remuneration.
Details of the nature and amount of each major element of the
emoluments of each Director of Qantas and each of the five named
current officers of Qantas and the Qantas Group receiving the highest
emoluments are set out below. Details of Executives who departed
during the year and whose remuneration fell in the top five highest
paid Executives have also been disclosed.