Qantas 2011 Annual Report Download - page 95

93 ANNUAL REPORT 2011
for the year ended 30 June 2011
Notes to the Financial Statements continued
Key Management Personnel
– Executives
Interest in
Shares as at
 June 
Awarded as
Remuner-
ation
Rights
Converted
to Shares
Other
Change
Interest in
Shares as at
 June 
Awarded as
Remuner-
ation
Rights
Converted
to Shares
Other
Change
Interest in
Shares as at
 June 
Alan Joyce ,, , – – ,, ,, – – ,,
Bruce Buchanan , , – – , , – – ,
Gareth Evans , , – – , , – – ,
Rob Gurney , , , (,) , , – – ,
Simon Hickey , , – – , , – – ,
Jayne Hrdlicka n/a n/a n/a n/a n/a – – – –
Lyell Strambi , , – – , , –(,) ,
Colin Storrie , , , (,) , n/a n/a n/a n/a
. Refer to details of the PSP on page .
. Other change includes shares acquired through the Dividend Reinvestment Plan, salary sacrice, purchased, sold or lapsed.
. Where appropriate, the number shown is at the date the person ceased to be KMP.
. Refer to details of the STIP on page .
Other than share-based payment compensation, all equity instrument transactions between the KMP, including their related parties,
and Qantas during the year have been on an arm’s length basis.
Loans and other transactions with Key Management Personnel
No KMP or their related parties held any loans from the Qantas Group during or at the end of the year ended  June  or prior year.
A number of KMPs and their related parties have transactions with the Qantas Group. All transactions, including air travel, are conducted
on normal commercial arm’s length terms. The nature of transactions, other than air travel, is set out below:
— Toolangi Vineyards is a related entity to Mr Hounsell. Toolangi Vineyards’ wine has been selected by an independent wine panel for use on
Qantas Business Class services. All transactions were conducted on normal commercial arms length terms and the value of the transactions
throughout the year was $,
D OTHER RELATED PARTY TRANSACTIONS  ASSOCIATES AND JOINTLY CONTROLLED ENTITIES
Details of interests in associates and jointly controlled entities are provided in Note . Transactions with associates and jointly controlled
entities are conducted on normal terms and conditions.
Transactions between the Qantas Group and associates and jointly controlled entities include:
— The Qantas Group provides catering and ground handling services and performs maintenance and contract work for Air Pacic Limited
(Air Pacic)
— The Qantas Group codeshares on certain Air Pacic services for which it pays for seats utilised
— The Qantas Group provides ramp handling services to AUX Investment Pty Limited and its controlled entities (AUX Investment Group)
— The Qantas Group leases aircraft and domestic freight capacity and sub-leases certain property to the AUX Investment Group
— The Qantas Group receives certain domestic freight and document delivery services from the AUX Investment Group
— The Qantas Group receives interest from the AUX Investment Group on an investment loan
— The Qantas Group receives engine maintenance services from LTQ Engineering Pty Limited
— The Qantas Group provides airline seats on domestic and international routes to the Jetset Travelworld Group for sale through its travel
agency network
— The Qantas Group sells Frequent Flyer points to the Jetset Travelworld Group and redeems Qantas Holidays vouchers on the Frequent Flyer
store
Transactions and balances with associates and jointly controlled entities are included in the Consolidated Financial Statements as follows:
Qantas Group
Notes

$M

$M
Revenue and other income  
Finance income  
Expenditure  
Current receivables   
Non-current receivables   
Current payables   
31. Related Parties continued