Qantas 2006 Annual Report Download - page 110

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108
Notes to the Financial Statements
for the year ended 30 June 2006
25. Key Management Personnel and Executive Equity Benefi ts continued
EQUITY HOLDINGS AND TRANSACTIONS
The movement during the year in the number of Qantas shares held directly, indirectly or beneficially, by each KMP, including their related parties, is as follows:
Interest in Shares at
30 June 2005
Awarded as
Remuneration1
Rights / Entitlements
Converted to Shares
Other
Change2
Interest in Shares at
30 June 2006
KEY MANAGEMENT
PERSONNEL
Margaret Jackson 147,338 – – – 147,338
Geoff Dixon 817,278 150,000 201,043 – 1,168,321
Peter Gregg 346,730 90,000 86,633 – 523,363
Paul Anderson 25,000 – – – 25,000
Mike Codd 12,236 – – 754 12,990
Peter Cosgrove – – 2,057 2,057
Patricia Cross 2,163 – – – 2,163
Garry Hounsell 30,854 – – 1,902 32,756
Jim Kennedy 1,975 – – – 1,975
James Packer – – – 51,444 51,444
John Schubert 34,753 – – – 34,753
Denis Adams 122,626 35,000 – (2,154) 155,4723
John Borghetti 167,141 60,000 49,669 (12,472) 264,338
Kevin Brown 95,000 35,000 32,491 – 162,491
David Cox 63,897 30,000 49,669 1,675 145,241
Grant Fenn 113,555 35,000 – 1,145 149,700
Alan Joyce 85,273 35,000 17,110 – 137,383
1 See details of the PSP on page 110 in this Note.
2 Other change includes shares acquired through the Qantas DRP, purchased, sold or lapsed.
3 The number shown is as at 31 December 2005. Mr Adams is no longer considered to be a KMP from that date.
LOANS AND OTHER TRANSACTIONS WITH KEY MANAGEMENT PERSONNEL
Loans
No KMP or their related parties held any loans from the Qantas Group during or at the end of the year.
Other Transactions with the Qantas Group
Related Party Disclosures
Roger Donazzan, related party to Ms Jackson, is Chairman of Harmony Resorts Niseko Pty Ltd (HRN). During the year, the Qantas Group provided to Hanazano,
a related entity to HRN, four return economy airfares between Japan and Australia. The estimated value of this transaction was $6,400. This sponsorship was
on commercial arms length terms.
Paul Meadows, related party to Mrs Cross, is a Partner of Allens Arthur Robinson. Mr Meadows performs no work for Qantas. No legal fees were paid to Allens
Arthur Robinson Group during the year (2005: $240). All transactions between the Qantas Group and Allens Arthur Robinson are conducted on normal
commercial terms.
The Publishing and Broadcasting Limited (PBL) Group1 is a related entity to Mr Packer. During the year, PBL purchased air travel of $13.5 million (2005: $12.6
million) and advertising revenue of $9.8 million (2005: $6.8 million) from the Qantas Group. The Qantas Group purchased directly or indirectly advertising
services from PBL of $2.5 million (2005: $2.1 million) during the year, of which $675,000 was with Qantas. In addition, the Qantas Group and PBL have various
sponsorship contra arrangements in place for advertising and sponsorship. The value of these contra arrangements for Qantas was $63,000 and an additional
$210,000 for other entities within the Qantas Group. During the year, Qantas spent $1.0 million with Crown Limited and $1.6 million with ACP Publishing Pty
Ltd. All transactions were conducted on normal commercial terms.
1 The PBL group of companies consists of Consolidated Press Holdings Ltd, Nine Network, ACP Magazines, Crown Casino, Burswood Casino, Ticketek, Hoyts and PremierMediaGroup.