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87 ANNUAL REPORT 2010
for the year ended 30 June 2010
Notes to the Financial Statements continued
(B) REMUNERATION OF KEY MANAGEMENT PERSONNEL
The aggregate remuneration of the KMP of the Qantas Group is set out below:
Qantas Group
2010
$000
2009
$000
Short-term employee bene ts 9,058 13,092
Post-employment bene ts 705 1,148
Other long-term bene ts 175 4,021
Statutory annual leave1– 2,926
Termination bene ts 871 6,304
Share-based payments 2,060 11,547
12,869 39,038
1. For the year ended 30 June 2010, annual leave entitlements are presented on an accruals basis as part of short-term employee bene ts. For the year ended 30 June 2009, annual leave not taken
and paid out was presented on termination.
Further details in relation to the remuneration of KMPs is included in the Directors’ Report.
(C) EQUITY INSTRUMENTS HELD BY KEY MANAGEMENT PERSONNEL
Set out in the following tables are the holdings of equity instruments granted as remuneration to the KMP by Qantas. Non-Executive Directors do not
receive any remuneration in the form of share-based payments, although they may salary sacri ce a portion of their Director’s fees to purchase
shares.
(i) Performance Share Plan (PSP)
Key Management Personnel
Opening
Balance
Number
Granted
Number
Forfeited
Number
Vested and
Transferred
Closing
Balance
Not Available
to Call
Available
to Call
Alan Joyce 2010 Total 247,500 173,363 – – 420,863 223,363 197,500
2009 Total 147,500 100,000 – – 247,500 111,750 135,750
Bruce Buchanan 2010 Total 31,720 51,000 – – 82,720 63,533 19,187
2009 Total 6,654 25,066 – – 31,720 28,393 3,327
Gareth Evans 2010 Total 36,621 27,522 – – 64,143 27,522 36,621
2009 Total n/a n/a n/a n/a n/a n/a n/a
Rob Gurney 2010 Total 41,042 34,000 – (25,379) 49,663 41,832 7,831
2009 Total 34,115 31,326 – (24,399) 41,042 36,184 4,858
Simon Hickey 2010 Total 90,213 53,000 – – 143,213 77,500 65,713
2009 Total 41,213 49,000 – – 90,213 54,750 35,463
Lyell Strambi 2010 Total 75,000 37,000 – – 112,000 112,000 –
2009 Total – 75,000 – – 75,000 75,000 –
Colin Storrie12010 Total 84,768 54,270 (80,270) (58,768) –––
2009 Total 32,768 52,000 – – 84,768 61,250 23,518
Geoff Dixon22009 Total 700,500 287,000 – (987,500) –––
Peter Gregg22009 Total 306,500 96,000 – (402,500) –––
John Borghetti22009 Total 201,500 96,000 – (297,500) –––
Kevin Brown22009 Total 55,500 63,000 – (118,500) –––
David Cox22009 Total 107,500 42,000 – – 149,500 49,750 99,750
Grant Fenn22009 Total 74,500 60,000 – – 134,500 69,500 65,000
1. Ceased to be KMP during 2009/2010.
2. Ceased to be KMP during 2008/2009.
The shares were granted on 19 August 2009 (2009: 20 August 2008) at a fair value of $2.65 (2009: $3.45). The 2009 award to Mr Strambi was
granted on 4 March 2009 at a fair value of $1.52. No amount has been paid, or is payable, by the Executive in relation to these deferred shares.
31. Related Parties continued