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80
Spirit of Australia
~Notes to the Financial Statements~
for the year ended 30 June 2005
5. Director and Executive disclosures continued
EQUITY HOLDINGS AND TRANSACTIONS
The movement during the year in the number of ordinary Qantas shares held directly, indirectly or beneficially, by each Director and
Specified Executive, including their personally related entities, is as follows:
Interest in
Shares at
30 June 2004
Acquired as
Remuneration1
Rights
Converted
to Shares
Acquired
through
DRP2
Purchased/
(Sold) Lapsed
Interest in
Shares at
30 June 20053
Directors
Margaret Jackson 147,338 – – – – – 147,338
Geoff Dixon 455,001 150,000 3,057 7,444 215,000 – 830,502
Peter Gregg 254,676 90,000 2,054 – – – 346,730
Paul Anderson 25,000 – – – – – 25,000
Mike Codd 11,577 – – 659 – – 12,236
Patricia Cross 2,047 – – 116 – – 2,163
Trevor Eastwood 13,078 – – 362 – – 13,440
Garry Hounsell – – – 854 30,000 – 30,854
Jim Kennedy 1,975 – – – – – 1,975
Roger Maynard – – – – – – –
James Packer – – – – – – –
John Schubert 34,753 – – – – – 34,753
Nick Tait 1,675 – – – – – 1,675
Specified Executives
Denis Adams 87,961 35,000 1,054 986 (2,375) – 122,626
Fiona Balfour 73,101 30,000 2,751 1,791 – – 107,643
John Borghetti 96,176 55,000 1,317 789 13,859 – 167,141
Kevin Brown 81,901 35,000 2,433 – (24,334) – 95,000
Grant Fenn 76,373 35,000 1,216 966 – – 113,555
Alan Joyce 30,273 55,000 – – – – 85,273
1 See details of the PSP on page 77 in this Note.
2 Qantas Dividend Reinvestment Plan (DRP).
3
For Trevor Eastwood and Nick Tait, the number shown is at the date of resignation from the Board, being 31 March 2005 and 8 September 2004 respectively.
LOANS AND OTHER TRANSACTIONS WITH SPECIFIED DIRECTORS AND SPECIFIED EXECUTIVES
Loans
No Specified Director or Specified Executive held any loans from the Qantas Group during or at the end of the financial year.
Other Transactions with the Qantas Group
A number of Specified Directors and Specified Executives, or their personally related entities, hold positions in other entities that result
in them having control or significant influence over the financial or operating policies of these entities.
The Publishing and Broadcasting Limited (PBL) group is a related entity to Mr Packer. During the year, PBL purchased air travel of
$12.6 million (2004: $11.8 million) and advertising space of $6.8 million from Qantas. Qantas purchased directly or indirectly advertising
services from the PBL group of $2.1 million during the year. In addition, Jetstar Airways and PBL entered into a contra transaction allowing
PBL to derive all advertising revenue from the in-flight magazine in exchange for producing the Jetstar in-flight magazine. All transactions
were conducted on normal commercial terms.
Until July 2005, Roger Donazzan, husband of Qantas Chairman Ms Jackson, was a Partner of Minter Ellison. Mr Donazzan performed no
work for Qantas. Total legal fees paid to the Minter Ellison Group during the year were $3.5 million. During the year, the Minter Ellison
Group purchased air travel of $2.7 million.
Paul Meadows, husband of Qantas Director Ms Cross is a partner of Allens Arthur Robinson. Mr Meadows performs no work for Qantas.
Total legal fees paid to the Allens Arthur Robinson Group during the year were $240. During the year, the Allens Arthur Robinson Group
purchased air travel of $0.4 million.