Qantas 2010 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2010 Qantas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

THE QANTAS GROUP 40
for the year ended 30 June 2010
Remuneration for the year ended 30 June 2010 – Non-Executive Directors
Short-Term Employee Bene ts Post-Employment Bene ts
$’000 Cash FAR
Non-Cash
Bene ts Total
Superan-
nuation Travel Total Total1
Leigh Clifford 2010 494 42 536 50 25 75 611
Chairman 2009 444 48 492 100 21 121 613
Peter Cosgrove2,3 2010 157 69 226 14 12 26 252
Non-Executive Director 2009 167 37 204 14 10 24 228
Patricia Cross 2010 176 107 283 14 12 26 309
Non-Executive Director 2009 160 66 226 30 10 40 266
Richard Goodmanson 2010 250 18 268 – 12 12 280
Non-Executive Director 2009 213 1 214 – 10 10 224
Garry Hounsell42010 203 74 277 14 12 26 303
Non-Executive Director 2009 258 35 293 14 10 24 317
Paul Rayner52010 155 75 230 35 12 47 277
Non-Executive Director 2009 160 47 207 13 10 23 230
John Schubert 2010 203 25 228 14 12 26 254
Non-Executive Director 2009 196 15 211 14 10 24 235
James Strong 2010 193 12 205 14 12 26 231
Non-Executive Director 2009 177 17 194 14 10 24 218
Barbara Ward62010 166 43 209 14 12 26 235
Non-Executive Director 2009 182 16 198 14 10 24 222
Total – Non-Executive Directors 2010 1,997 465 2,462 169 121 290 2,752
2009 1,957 282 2,239 213 101 314 2,553
1. Directors’ and Of cers’ liability insurance has not been included in the remuneration since it is not possible to determine an appropriate allocation basis.
2. The Employee Share Ownership Plan allows Non-Executive Directors to purchase shares at no discount to market price on a salary sacri ce basis, and operates under the DSP Terms and Conditions.
General Cosgrove participated in this plan from July 2008 to June 2010. The value of shares is included above as a non-cash bene t.
3. General Cosgrove received payments for services rendered as a Director of Qantas Superannuation Limited.
4. In 2009, Mr Hounsell received a payment for services rendered as Chairman of the Qantas Frequent Flyer Due Diligence Committee.
5. 2009 remuneration re ects the period served by Mr Rayner as a Non-Executive Director (16 Jul 2008 to 30 Jun 2009).
6. Ms Ward received payments for services as a Director on a number of Qantas subsidiary leasing companies for the period 1 July 2008 to 26 February 2009.
Remuneration Report (Audited) continued
Directors’ Report continued