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126 Qantas Annual Report 2008
Notes to the Financial Statements
for the year ended 30 June 2008
Key Management Personnel remuneration
The aggregate remuneration of the KMP of the Qantas Group and Qantas is set out below:
Qantas Group Qantas
2008
$
2007
$
2008
$
2007
$
Short-term employee benefi ts 20,142,723 18,886,101 17,747,309 17,226,863
Post-employment benefi ts 939,544 955,323 908,915 897,238
Other long-term benefi ts 881,084 902,817 528,837 594,749
Share-based payments 20,725,461 5,678,628 18,404,550 5,040,057
42,688,812 26,422,869 37,589,611 23,758,907
Equity instruments
Set out in the following tables are the holdings of equity instruments granted as remuneration to the KMP by Qantas. Non-Executive Directors do not
receive any remuneration in the form of share-based payments. No other KMP or related party directly, indirectly or benefi cially held any other shares,
options or rights in the Qantas Group other than as set out below. Other than share-based payment compensation, all equity instrument transactions
between the KMP, including their related parties, and Qantas during the year have been on an arm’s length basis.
Performance Share Plan
Details of entitlements over shares in Qantas provided as remuneration during the year to each KMP are set out below. For more information on the
operation of the PSP, see page 64.
Key Management
Personnel Grant Date
Value as at
Grant Date
Balance as at
30 June 2007
Number of
Performance
Shares Granted
during the Year
Number of
Performance
Shares Vested
and Transferred
during the Year
Balance as at
30 June 2008
Not
Available
to Call
Available
to Call
Geoff Dixon 15-Aug-07 $5.45 – 258,000 – 258,000 129,000 129,000
22-Aug-06 $3.30 142,500 – – 142,500 – 142,500
17-Aug-05 $3.29 150,000 – – 150,000 – 150,000
21-Oct-04 $3.34 150,000 – – 150,000 – 150,000
442,500 258,000 – 700,500 129,000 571,500
Peter Gregg 15-Aug-07 $5.45 – 86,000 – 86,000 43,000 43,000
22-Aug-06 $3.30 85,500 – – 85,500 – 85,500
17-Aug-05 $3.29 90,000 – – 90,000 – 90,000
21-Oct-04 $3.34 45,000 – – 45,000 – 45,000
220,500 86,000 – 306,500 43,000 263,500
John Borghetti 15-Aug-07 $5.45 – 86,000 – 86,0001 86,000 –
22-Aug-06 $3.30 85,500 – – 85,500 42,7502 42,750
17-Aug-05 $3.29 30,000 – – 30,000 – 30,000
115,500 86,000 – 201,500 128,750 72,750
Kevin Brown 15-Aug-07 $5.45 – 19,000 – 19,0001 19,000 –
22-Aug-06 $3.30 38,000 – (19,000) 19,000 19,0002 –
17-Aug-05 $3.29 17,500 – – 17,500 – 17,500
55,500 19,000 (19,000) 55,500 38,000 17,500
David Cox 15-Aug-07 $5.45 – 15,500 – 15,5001 15,500 –
22-Aug-06 $3.30 32,000 – – 32,000 16,0002 16,000
17-Aug-05 $3.29 30,000 – – 30,000 – 30,000
18-Aug-04 $3.32 30,000 – – 30,000 – 30,000
92,000 15,500 – 107,500 31,500 76,000
30. Related Parties continued
For personal use only