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41 ANNUAL REPORT 2011
for the year ended 30 June 2011
Directors’ Report continued
2010/20112006/2007* 2007/2008* 2008/2009 2009/2010
0
300
600
900
1,200
1,500
552
100
377
965
1,408
2010/20112006/2007 2007/2008 2008/2009 2009/2010
1000
1300
1600
1900
2200
2500
1,782
1,149
1,351
2,353
2,128
2010/20112006/2007 2007/2008 2008/2009 2009/2010
0
10
20
30
40
50
11.0
5.6 4.9
34.0
49.0
UNDERLYING PROFIT BEFORE TAX $M EARNINGS PER SHARE ¢OPERATING CASH FLOW $M
*Figures for / and / are based on Statutory PBT.
Remuneration for the Year Ended  June  – Executives
Supplemental Information
$’
Cash
FAR
Cash
Incen-
tives
Non-
cash
Benets
and
Annual
Leave
Accrual
Total
Short-
term
Employee
Benets
Post-
employ-
ment
Benets
Other
Long-
term
Benets
Share-
based
PaymentTotal, 
Less:
Share-
based
Payment
and Long
Service
Leave
Accrual
Add:
Vested
Share-
based
Payment
Add:
Vested
Long
Service
Leave
Total
Vested
Remu-
neration
Executive
Director
Alan Joyce
Chief Executive
Ofcer
 , – ,   , , (,)   ,
 , –() ,    , (,) , –,
Key Management
Personnel
Bruce Buchanan
CEO Jetstar
  –()     , ()  –
  –     , ()  –
Gareth Evans
Chief Financial
Ofcer
  –     , ()   ,
  –     () – 
Rob Gurney
Group Executive
Qantas Commercial
  –     , ()   
  –     , ()   
Simon Hickey
CEO Qantas
Frequent Flyer
  –     , ()  –
  –     , ()  –,
Jayne Hrdlicka
Group Executive
Strategy and
Technology
( Feb  -  Jun )
  –   – –  – – – 
 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Lyell Strambi
Group Executive
Qantas Operations
  –    , ()  –,
  –     , () – – 
Other
Disclosed
Executive
Rob Kella
Qantas Chief
Risk Ofcer
    ,  ()  , ()  –,
  –     , ()  –,
Total – Executives  ,   ,   , , (,)   ,
 , – ,   , , (,) ,  ,
. In / salary sacrice components other than superannuation , such as motor vehicles were disclosed as Non-cash Benets. In / these amounts are disclosed
as Cash FAR with / restated. In / movements in the value of annual leave balances were disclosed in Cash FAR. In / these amounts are disclosed
as Annual Leave Accrual with / restated.
. Post-employment Benets include superannuation and an accrual for post-employment travel of $, (: $,).
. A breakdown of Share-based Payments is provided on page .
. Further details on other transactions with Key Management Personnel are set out in Note  to the Financial Statements.
. Directors’ and Ofcers’ liability insurance has not been included in the remuneration since it is not possible to determine an appropriate allocation basis.
. Mr Joyce achieved  years of service with the Qantas Group during /. As such, Mr Joyce became entitled to long service leave, the value of which is reported
as vested long service leave. The accrual for this long service leave has been reported each year in statutory remuneration as an Other Long-Term Benet.
. Total Vested Remuneration is disclosed as supplemental information in order to report the vested remuneration received by the Executives. Total Vested Remuneration reverses the
Share-based Payments expense calculated under Accounting Standards and recognises the value of shares which vested to the Executive valued at the seven day volume weighted
average price on the date of vesting. In addition, the accounting accrual for long service leave is reversed and the value of vested long service leave is recognised.
. / remuneration for Mr Evans reects the period of time in a key management role –  June  to  June .
. Superannuation benets are provided through a dened benet superannuation plan. The amount disclosed has been measured in accordance with AASB  Employee Benets.
Remuneration Report (Audited) continued