Qantas 2004 Annual Report Download - page 69

9. Director and executive 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 2004.
REMUNERATION OF NON-EXECUTIVE AND EXECUTIVE DIRECTORS FOR THE YEAR ENDED 30 JUNE 2004
Specified Directors
Primary Post Employment Equity
Benefits Benefits Benefits Total
Cash Fees/ Non-Cash End of Super-
Cash FAR1Incentives Benefits Total Serviceannuation Travel Total
$$$$$$$$$$
Margaret Jackson,
Chairman 371,7562– 92,656 464,412 – 11,002 9,300 20,302 – 484,714
Paul Anderson,
Non-Executive Director 100,000 – 285 100,285 – – 4,650 4,650 – 104,935
Mike Codd,
Non-Executive Director 66,6412– 25,685 92,326 – 91,149 4,650 95,799 – 188,125
Patricia Cross,
Non-Executive Director
(1 January 2004 – 30 June 2004) 65,0003– – 65,000 – 5,501 2,325 7,826 – 72,826
Trevor Eastwood,
Non-Executive Director 140,000 – 5,756 145,756 – 11,002 4,650 15,652 – 161,408
Jim Kennedy,
Non-Executive Director 150,000 – 13,916 163,916 – 11,002 4,650 15,652 – 179,568
Trevor Kennedy,
Non-Executive Director
(1 July 2003 – 17 November 2003) 38,250 – 3,855 42,105 – 3,443 1,938 5,381 – 47,486
Roger Maynard,
Non-Executive Director 120,0004– – 120,000 – 10,800 4,650 15,450 – 135,450
James Packer,
Non-Executive Director
(1 March 2004 – 30 June 2004) 33,333 – – 33,333 – 3,000 1,550 4,550 – 37,883
John Schubert,
Non-Executive Director 120,000 – 14,845 134,845 – 10,800 4,650 15,450 – 150,295
Nick Tait,
Non-Executive Director 140,000 – 7,071 147,071 – 11,002 4,650 15,652 – 162,723
Geoff Dixon,
Chief Executive Officer 1,640,85611,593,4355354,077 3,588,368 1,466,232 72,000 18,600 1,556,832 946,07296,091,272
Peter Gregg,
Chief Financial Officer 988,833 1868,6056340,941 2,198,379 844,209 17,800 18,600 880,609 532,57293,611,560
Total remuneration for
Specified Directors 3,974,66972,462,0408859,087 7,295,796 2,310,441 258,501 84,863 2,653,805 1,478,644 11,428,245
1 Executive Directors receive Cash FAR and do not receive Director fees. Mr Dixon’s FAR for the year was $1,800,000 (2003: $1,600,000) less salary sacrificed
components of $159,144. Mr Gregg’s FAR for the year was $1,080,000 (2003: $960,000) less salary sacrificed components of $91,167.
2 Fees are stated after deducting $28,244 in salary sacrifice for Ms Jackson and $83,359 for Mr Codd.
3 Includes payments for services rendered as Chairman of the Qantas Superannuation Limited.
4 Director’s fees for Roger Maynard are paid directly to British Airways Plc.
5 Comprises Cash incentive of $1,310,000 and Long-term incentive of $283,435. For Long-term incentive plans, refer to page 69.
6 Comprises Cash incentive of $675,000 and Long-term incentive of $193,605. For Long-term incentive plans, refer to page 69.
7 Total NED Fees paid inclusive of salary sacrificed elements was $1,456,583. Cash Fees totalled $1,344,980 and Cash FAR totalled $2,629,689.
8 Comprises Cash incentives totalling $1,985,000 and Long-term incentives totalling $477,040.
9Equity Benefits PSP PRP QLTEIP DSP Total
$$$$$
Geoff Dixon 326,750 71,250 170,833 377,239 946,072
Peter Gregg 209,120 45,600 85,417 192,435 532,572
Directors’ and Officers’ liability insurance has not been included in the above figures since it is not possible to determine an appropriate
allocation basis.
Notes to the Financial Statements continued
for the year ended 30 June 2004
Qantas Annual Report 2004 67Spirit of Australia