Qantas 2004 Annual Report Download - page 66

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8. Capital expenditure commitments
Qantas Group
2004 2003
$M $M
Capital expenditure commitments contracted but not provided for in the Financial Statements:
Aircraft 5,130.1 5,740.6
Building works 224.3 181.2
Other 190.1 223.8
5,544.5 6,145.6
Payable
Not later than one year 1,710.8 1,719.1
Later than one year but not later than five years 3,833.7 3,503.0
Later than five years –923.5
5,544.5 6,145.6
The above amounts exclude uncommitted aircraft purchase payments that may be made if cancellable aircraft options are exercised.
9. Director and executive disclosures
ELEMENTS OF REMUNERATION OF SPECIFIED DIRECTORS AND SPECIFIED EXECUTIVES
Remuneration levels are competitively set to attract and retain appropriately qualified and experienced Directors and Senior Executives.
Set out below is an overview of the elements of remuneration provided to the Directors of Qantas (Specified Directors) and the Executives
throughout the year that had the greatest authority (Specified Executives) other than Executive Directors:
Specified Directors Specified
Elements of Remuneration Non-Executive Executive Executives
Minimum salary level Fees ✓––
Fixed Annual Remuneration (FAR) – ✓✓
Superannuation contributions ✓✓✓
Travel entitlements ✓✓✓
Other benefits ✓✓✓
Short-term incentives Performance Cash Plan (PCP) – Cash incentive – ✓✓
Medium-term incentives Performance Share Plan (PSP) – ✓✓
Long-term incentives Performance Rights Plan (PRP) – ✓✓
Closed/suspended Deferred Share Plan (DSP)
incentive plans interim 2002/03 award only – ✓✓
Qantas Long-Term Executive Incentive Plan (QLTEIP)
suspended 2002 – ✓✓
Stock Performance Rights (SPRs)
closed 30 June 2004 – ✓–
Long-Term Incentive Plan (LTIP)
closed 30 June 2004 – ✓✓
Post employment End of service payments – ✓✓
Travel entitlements ✓✓✓
Notes to the Financial Statements continued
for the year ended 30 June 2004
64 Qantas Annual Report 2004