Qantas 2010 Annual Report Download - page 40

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THE QANTAS GROUP 38
for the year ended 30 June 2010
Remuneration for the year ended 30 June 2010 – Executives
Short-Term Employee Bene ts Post-Employment Bene ts Other
Long-
Term
Bene ts
Share-
based
Payment2
Termin-
ation
Bene ts$’000 Cash FAR1
Cash
Incentives
Non-Cash
Bene ts Total
Superan-
nuation Travel Total Total3,4
Executive
Director
Alan Joyce
Chief Executive
Of cer
2010 1,737 – 105 1,842 44 25 69 49 964 – 2,924
2009 1,715 – 110 1,825 36 21 57 529 1,253 – 3,664
Key Management Personnel
Bruce Buchanan5
CEO Jetstar
2010 776 – 51 827 14 25 39 20 225 – 1,111
2009 590 – 16 606 10 21 31 66 70 – 773
Gareth Evans
Chief Financial
Of cer
(15 Jun 10 to 30 Jun 10)
2010 43 – 1 44 1 25 26 32 7 – 109
2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Rob Gurney5,6
Group Executive
Qantas
Commercial
2010 509 – 195 704 86 25 111 16 184 – 1,015
2009 75 – 21 96 9 21 30 2 22 – 150
Simon Hickey5
CEO Qantas
Frequent Flyer
2010 663 – 105 768 50 25 75 18 400 – 1,261
2009 506 – 76 582 38 21 59 30 448 – 1,119
Lyell Strambi5
Group Executive
Qantas
Operations
2010 775 – 167 942 14 25 39 21 232 – 1,234
2009 470 – 96 566 8 21 29 12 25 – 632
Other Disclosed
Executives
Brett Johnson
Qantas General
Counsel
2010 535 – 145 680 100 25 125 18 431 – 1,254
2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Rob Kella
Qantas Chief
Risk Of cer
2010 618 – 209 827 14 25 39 17 375 – 1,258
2009 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Terminated
Executive
Director
Colin Storrie5
Chief Financial
Of cer
(1 Jul 09 to 5 Mar 10)
2010 675 697 97 1,469 31 25 56 19 48 871 2,463
2009 742 – 110 852 35 21 56 125 576 – 1,609
Total –
Executives
2010 6,331 697 1,075 8,103 354 225 579 210 2,866 871 12,629
2009 4,098 – 429 4,527 136 126 262 764 2,394 – 7,947
1. For the year ended 30 June 2010, annual leave entitlements are shown on an accruals basis as part of “Cash FAR”. For previous reporting periods, annual leave bene t not taken was shown
on termination. The movement in annual leave accruals from the date of becoming a KMP to 30 June 2009 is as follows: Mr Joyce ($444,000), Mr Buchanan ($86,000), Mr Evans (n/a),
Mr Gurney ($56,000), Mr Hickey ($63,000), Mr Strambi ($28,000) and Mr Storrie ($45,000).
2. A breakdown of Share-based Payment is provided on page 43.
3. Further details on other transactions with Key Management Personnel are set out in Note 31 to the Financial Statements.
4. Directors’ and Of cers’ liability insurance has not been included in the remuneration since it is not possible to determine an appropriate allocation basis.
5. 2009 remuneration re ects the period of time in a key management role – Mr Buchanan (1 Oct 2008 to 30 Jun 2009), Mr Gurney (5 May 2009 to 30 Jun 2009), Mr Hickey (1 Oct 2008
to 30 Jun 2009), Mr Strambi (1 Dec 2008 to 30 Jun 2009) and Mr Storrie (30 Sep 2008 to 30 Jun 2009).
6. Superannuation bene ts are provided through a de ned bene t superannuation plan. The amount disclosed has been measured in accordance with AASB 119 Employee Bene ts.
Remuneration Report (Audited) continued
Directors’ Report continued