Qantas 2011 Annual Report Download - page 93
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91 ANNUAL REPORT 2011
for the year ended 30 June 2011
Notes to the Financial Statements continued
B REMUNERATION OF KEY MANAGEMENT PERSONNEL
The aggregate remuneration of the KMP of the Qantas Group is set out below:
Qantas Group
$
$
Short-term employee benets , ,
Post-employment benets
Other long-term benets
Termination benets –
Share-based payments , ,
, ,
Further details in relation to the remuneration of KMPs is included in the Directors’ Report.
C EQUITY INSTRUMENTS HELD BY KEY MANAGEMENT PERSONNEL
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, although they may salary sacrice a portion of their Directors’ fees to
purchase shares.
(i) Short Term Incentive Plan (STIP)
Key Management Personnel
Opening
Balance
Number
Granted
Number
Forfeited
Number Vested
and Transferred
Closing
Balance
Alan Joyce Total –,, - - ,,
Total –––––
Bruce Buchanan Total –, - – ,
Total –––––
Gareth Evans Total –, - – ,
Total –––––
Rob Gurney Total –, - – ,
Total –––––
Simon Hickey Total –, - – ,
Total –––––
Lyell Strambi Total –, - – ,
Total –––––
The shares were granted on August (: nil) at a fair value of $. (: nil). No amount has been paid, or is payable, by the
Executive in relation to these deferred shares.
(ii) Long Term Incentive Plan (LTIP)
Alan Joyce Total , ,, (,) -,,
Total , , (,) –,
Bruce Buchanan Total , , - - ,
Total , , (,) –,
Gareth Evans Total , , (,) -,
Total , , (,) –,
Rob Gurney Total , , (,) -,
Total , , (,) (,) ,
Simon Hickey Total , , (,) -,
Total , , (,) –,
Lyell Strambi Total , , - - ,
Total , , – – ,
Colin Storrie Total , , (,) (,) ,
. Ceased to be KMP during /.
During the year ,, Rights were granted, of which , Rights were granted on August and ,, Rights were granted
on October (: , Rights were granted on September ). All Rights were granted with a nil exercise price. The fair value
of Rights granted is calculated at the date of grant using a Monte Carlo model to value the Rights with the TSR performance condition and
a Black Scholes model to value the Rights with the EPS performance condition. The weighted average fair value of Rights granted was $.
(: $.). No amount has been paid, or is payable, by the Executive in relation to these Rights.
31. Related Parties continued