Lenovo 2014 Annual Report Download - page 162

160 Lenovo Group Limited 2013/14 Annual Report
NOTES TO THE FINANCIAL STATEMENTS
11 Emoluments of directors and highest paid individuals (continued)
(a) Directors’ and senior management’s emoluments (continued)
2013
Name of Director Fees Salaries
Discretionary
bonuses
(note i)
Long-term
incentives
awards (note ii)
Retirement
payments and
employer’s
contribution to
pension
schemes
Other
benefits
-in-kind Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Executive director
Mr. Yang Yuanqing (CEO) –1,188 4,227 8,941 119 131 14,606
Non-executive directors
Mr. Zhu Linan 83 – – 181 – – 264
Ms. Ma Xuezheng 83 – – 181 – – 264
Dr. Wu Yibing 83 – – 181 – – 264
Mr. Zhao John Huan 83 – – 110 – – 193
Independent
non-executive directors
Professor Woo Chia-Wei 21 – – 336 – – 357
Mr. William O. Grabe 93 – – 181 – – 274
Mr. Ting Lee Sen 83 – – 183 – – 266
Dr. Tian Suning 83 – – 181 – – 264
Mr. Nicholas C. Allen 110 – – 179 – – 289
Mr. Nobuyuki Idei 83 – – 117 – – 200
Mr William Tudor Brown 14 – – 2 – – 16
819 1,188 4,227 10,773 119 131 17,257
Notes:
(i) Discretionary bonuses paid for the two years ended March 31, 2014 and 2013 represent the amounts in connection with the
performance bonuses for the two years ended March 31, 2013 and 2012 respectively.
(ii) Details of the long-term incentive program of the Company are set out in Note 30(a). The fair value of the employee services received
in exchange for the grant of the long-term incentive awards is recognized as an expense. The total amount to be amortized over
the vesting period is determined by reference to the fair value of the long-term incentive awards at the date of grant. The amounts
disclosed above represent the amortized amounts for the two years ended March 31, 2014 and 2013.
(iii) Mr. William O. Grabe has elected to defer his receipt of the cash of director’s fee into fully vested share units under the long-term
incentive program (Note 30(a)) for the two years ended March 31, 2014 and 2013.
(iv) During the year, a pension payment of US$1.5 million was made to Mr. Liu Chuanzhi, a retired director (2013: Nil).
(v) Dr. Wu Yibing retired as a director on July 16, 2013.
(vi) Ms. Ma Xuezheng was redesignated from a non-executive director to an independent non-executive director on November 7, 2013.
(b) Five highest paid individuals
The five individuals whose emoluments were the highest in the Group for the year include one (2013: one) director whose
emoluments are reflected in the analysis presented above. The emoluments of the remaining four (2013: four) individuals
during the year are as follows:
2014 2013
US$’000 US$’000
Basic salaries, allowances, and benefits-in-kind 3,873 2,222
Discretionary bonuses 14,199 8,760
Employer’s contribution to pension schemes 285 469
Long-term incentive awards 9,262 4,083
Others 260 1,074
27,879 16,608