Qantas 2006 Annual Report Download - page 64

62
Directors’ Report
for the year ended 30 June 2006
DIRECTOR AND EXECUTIVE REMUNERATION DISCLOSURES (AUDITED) CONTINUED
REMUNERATION OF DIRECTORS FOR THE YEAR ENDED 30 JUNE 2006 CONTINUED
Equity Settled
PSP PRP Exec Director LTI Total
5Share-Based Payment Year $ $ $ $
Geoff Dixon 2006 572,805 491,625 189,473 1,253,903
2005 513,798 363,375 378,377 1,255,550
Peter Gregg 2006 334,233 197,762 194,543 726,538
2005 314,184 119,700 192,840 626,724
Total 2006 907,038 689,387 384,016 1,980,441
2005 827,982 483,075 571,217 1,882,274
Directors’ and Offi cers’ liability insurance has not been included in the above fi gures since it is not possible to determine an appropriate allocation basis.
Non-Executive Directors do not receive any performance related remuneration.
REMUNERATION OF KEY MANAGEMENT EXECUTIVES FOR THE YEAR ENDED 30 JUNE 2006
Short-Term Employee Benefits Post Employment Benefits
Other
Long-
Term
Benefi ts
Share-
Based
Payment4
Termin-
ation
Benefits3Total
Key
Management
and Highest
Remunerated
Executives Year
Cash
FAR
$
Cash
Incentives
$
Non-Cash
Benefi ts
$
Total
$
End of
Service
$
Super-
annuation
$
Travel
$
Total
$$$ $ $
John Borghetti, 2006 982,003 478,000 192,762 1,652,765 643,500 122,922 15,400 781,822 352,325 435,547 –3,222,459
EGM Qantas 2005 729,080 311,000 170,332 1,210,412 153,434 106,654 9,550 269,638 60,223 303,863 – 1,844,136
Kevin Brown, 2006 645,228 234,000 198,222 1,077,450 211,334 40,560 15,400 267,294 26,458 286,021 –1,657,223
EGM People 2005 646,932 241,000 155,460 1,043,392 173,674 36,754 9,550 219,978 20,268 265,189 – 1,548,827
David Cox, 2006 599,785 199,000 38,496 837,281 105,000 12,139 15,400 132,539 67,918 222,556 –1,260,294
EGM Qantas
Engineering
2005 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Grant Fenn, 2006 693,037 234,000 180,099 1,107,136 70,000 12,139 15,400 97,539 39,916 294,204 –1,538,795
EGM Associated
Businesses
2005 656,118 241,000 148,896 1,046,014 97,097 11,585 9,550 118,232 26,036 216,526 – 1,406,808
Alan Joyce, 2006 608,066 210,000 70,275 888,341 156,667 40,560 15,400 212,627 25,719 296,843 –1,423,530
CEO Jetstar 2005 532,273 324,000161,750 918,023 288,059 12,550 9,550 310,159 34,158 156,259 – 1,418,599
Total 2006 3,528,119 1,355,000 679,854 5,562,973 1,186,501 228,320 77,000 1,491,821 512,336 1,535,171 –9,102,301
remuneration
Key
Management
Executives
2005 2,564,403 1,117,000 536,438 4,217,841 712,264 167,543 38,200 918,007 140,685 941,837 – 6,218,370
Denis Adams,
22006 357,743 – 48,375 406,118 45,000 6,070 15,400 66,470 16,177 140,380 1,358,024 1,987,169
EGM Associated
Businesses
(1 Jul 05 - 31 Dec 05)
2005 673,467 219,000 99,709 992,176 45,000 17,457 9,550 72,007 24,151 224,515 – 1,312,849
Total 2006 3,885,862 1,355,000 728,229 5,969,091 1,231,501 234,390 92,400 1,558,291 528,513 1,675,551 1,358,024 11,089,470
remuneration
Key
Management
Executives
2005 3,237,870 1,336,000 636,147 5,210,017 757,264 185,000 47,750 990,014 164,836 1,166,352 – 7,531,219
1 Mr Joyce received a milestone reward payment in 2004/05 relating to the establishment of Jetstar Airways of $100,000.
2 Mr Adams was appointed to act as a Qantas appointed Director on two Boards of jointly controlled entities from 1 January 2006. He is no longer considered a Key
Management Executive.
3 Termination payment includes accrued leave balances, settlement of equity, payment of contract notice period and a discretionary payment to ensure transitional
arrangements suitable to Qantas.
4 Refer to page 63 for details of Share-Based Payments.