Qantas 2005 Annual Report Download - page 60

58
DIRECTOR AND EXECUTIVE REMUNERATION DISCLOSURES continued
Set out in the following tables are the remuneration for the Specified Directors and Specified Executives of Qantas during the financial
year ended 30 June 2005:
REMUNERATION OF NON-EXECUTIVE AND EXECUTIVE DIRECTORS FOR THE YEAR ENDED 30 JUNE 2005
Primary Benefits Post Employment Benefits
Equity
Benefits7Total
Specified Directors Year
Cash
FAR
$
Cash
Incentives
$
Non-Cash
Benefits
$
Total
$
End of
Service
$
Super-
annuation
$
Travel
$
Total
$$ $
Margaret Jackson, 2005 372,1713– 113,060 485,231 – 11,585 9,550 21,135 – 506,366
Chairman 2004 371,756 – 92,656 464,412 – 11,002 9,300 20,302 – 484,714
Paul Anderson, 2005 114,348 – – 114,348 – – 4,775 4,775 – 119,123
Non-Executive Director 2004 100,000 – 285 100,285 – – 4,650 4,650 – 104,935
Mike Codd, 2005 76,0203–37,257113,277 –95,9804,775100,755 – 214,032
Non-Executive Director 2004 66,641 – 25,685 92,326 – 91,149 4,650 95,799 – 188,125
Patricia Cross, 2005 77,0963,5 – 119,834 196,930 – 18,251 4,775 23,026 – 219,956
Non-Executive Director 2004 65,000 – – 65,000 – 5,501 2,325 7,826 – 72,826
Trevor Eastwood, 2005 105,311 – 11,419 116 ,730 – 8,689 3,581 12,270 – 129,00 0
Non-Executive Director
(1 Jul 04 – 31 Mar 05)
2004 140,000 – 5,756 145,756 – 11,002 4,650 15,652 – 161,408
Garry Hounsell, 2005 53,097 – 46,089 99,186 – 5,251 2,388 7,639 – 106,825
Non-Executive Director
(1 Jan 05 – 30 Jun 05)
2004 – – – – – – – – – –
Jim Kennedy, 2005 172,000 – 20,517 192,517 – – 4,775 4,775 – 197,292
Non-Executive Director 2004 150,000 – 13,916 163,916 – 11,002 4,650 15,652 – 179,568
Roger Maynard, 2005 22,7686–66223,430 –2,0497962,845 –26,275
Non-Executive Director
(1 Jul 04 – 8 Sep 04)
2004 120,000 – – 120,000 – 10,800 4,650 15,450 – 135,450
James Packer, 2005 101,920 – – 101,920 – 10,080 4,775 14,855 – 116,775
Non-Executive Director 2004 33,333 – – 33,333 – 3,000 1,550 4,550 – 37,883
John Schubert, 2005 122,763 – 18,536 141,299 – 11,585 4,775 16,360 – 157,659
Non-Executive Director 2004 120,000 – 14,845 134,845 – 10,800 4,650 15,450 – 150,295
Nick Tait, 2005 26,564 – 1,370 27,934 – 2,391 796 3,187 – 31,121
Non-Executive Director
(1 Jul 04 – 8 Sep 04)
2004 140,000 – 7,071 147,071 – 11,002 4,650 15,652 – 162,723
Geoff Dixon, 2005 1,905,86311,490,000 301,396 3,697,259 1,414,785 95,979 19,100 1,529,864 1,255,550 6,482,673
Chief Executive Officer 2004 1,640,856 1,593,4352354,077 3,588,368 1,466,232 72,000 18,600 1,556,832 946,072 6,091,272
Peter Gregg, 2005 1,164,4151755,000 248,459 2,167,874 788,501 28,800 19,100 836,401 626,724 3,630,999
Chief Financial Officer 2004 988,833 868,6052 340,941 2,198,379 844,209 17,800 18,600 880,609 532,572 3,611,560
Total remuneration for 2005 4,314,33642,245,000 918,599 7,477,935 2,203,286 290,640 83,961 2,577,887 1,882,274 11,938,096
Specified Directors 2004 3,936,419 2,462,0402855,232 7,253,691 2,310,441 255,058 82,925 2,648,424 1,478,644 11,380,759
Trevor Kennedy, 2005 – – – – – – – – – –
Non-Executive Director
(1 Jul 03 – 17 Nov 03)
2004 38,250 – 3,855 42,105 – 3,443 1,938 5,381 – 47,486
Total remuneration for 2005 4,314,33642,245,000 918,599 7,477,935 2,203,286 290,640 83,961 2,577,887 1,882,274 11,938,096
Specified Directors 2004 3,974,669 2,462,0402859,087 7,295,796 2,310,441 258,501 84,863 2,653,805 1,478,644 11,428,245
1 Mr Dixon’s FAR for the year was $2,070,000 from 1 July 2004 to 31 December 2004 and $2,160,000 from 1 January 2005 to 30 June 2005
(2004: $1,800,000) less salary sacrificed components of $209,137 (2004: $159,144). Mr Gregg’s FAR for the year was $1,260,000 from 1 July 2004
to 31 December 2004 and $1,310,000 from 1 January 2005 to 30 June 2005 (2004: $1,080,000) less salary sacrificed components of $120,585
(2004: $91,167).
2 Comprises cash incentive of $1,310,000 and long-term incentive of $283,435 for Mr Dixon and cash incentive of $675,000 and long-term incentive of
$193,605 for Mr Gregg. These long-term incentive programs were closed during 2004/05.
3 Cash FAR for the Non-Executive Directors is stated after deducting statutory superannuation contributions and the following additional salary sacrificed
amounts: $28,244 (2004: $28,244) for Ms Jackson, $84,395 (2004: $83,359) for Mr Codd and $55,666 (2004: $nil) for Ms Cross.
4 Total NED Cash FAR paid inclusive of additional salary sacrificed elements was $1,412,363 (2004: $1,456,583). Effective 1 July 2004, each Director
was paid an annual base fee inclusive of superannuation of $112,000 and the Chairman $412,000. Committee fees were $20,000 per Committee
Membership and $40,000 per Committee Chairmanship.
5 Includes payments for services rendered as Chairman of Qantas Superannuation Limited until her resignation on 1 April 2005.
6 Director’s fees for Roger Maynard were paid directly to British Airways Plc until his resignation on 8 September 2004.
Spirit of Australia
~Directors’ Report~
for the year ended 30 June 2005