Qantas 2012 Annual Report Download - page 122

FOR THE YEAR ENDED 30 JUNE 2012
Notes to the Financial Statements continued
Key Management
Personnel – Executives
Interest in
Shares as at
30 June 2010
Awarded as
Remuneration
Rights
Converted to
Shares
Other
Change1
Interest in
Shares as at
30 June 20112
Awarded as
Remuneration
Rights
Converted
to Shares
Other
Change1
Interest in
Shares as at
30 June 20122
Alan Joyce ,, ,, – – ,, , , – ,,
Bruce Buchanan , , – – , , – – ,
Gareth Evans , , – – , , – – ,
Rob Gurney , , – – , , , (,) ,
Simon Hickey , , – – , , – – ,
Jayne Hrdlicka n/a – – – – , – – ,
Lyell Strambi , , – (,) , , – (,) ,
1 Other change includes shares acquired through salary sacrifice, purchased, sold or forfeited.
2 Where appropriate, the number shown is at the date the person ceased to be KMP.
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.
Loans and other transactions with Key Management Personnel
No KMP or their related parties held any loans from the Qantas Group during or at the end of the year ended 30 June 2012 or prior year.
A number of KMPs and their related parties have transactions with the Qantas Group. All transactions, including air travel,
are conducted on normal commercial arm’s length terms. The nature of transactions, other than air travel, is set out below:
— Toolangi Vineyards is a related entity to Mr Hounsell. Toolangi Vineyards’ wine has been selected by an independent wine panel
for use on Qantas Business Class services. All transactions were conducted on normal commercial arm’s length terms. The value
of the transactions throughout the year was $326,958 (2011: $79,290). The amount payable as at 30 June 2012 was $89,280 (2011: nil).
D OTHER RELATED PARTY TRANSACTIONS  ASSOCIATES AND JOINTLY CONTROLLED ENTITIES
Details of interests in associates and jointly controlled entities are provided in Note 15. Transactions with associates and jointly
controlled entities are conducted on normal terms and conditions.
Transactions between the Qantas Group and associates and jointly controlled entities include:
— The Qantas Group provides catering and ground handling services and performs maintenance and contract work for Air Pacific
Limited (Air Pacific)
— The Qantas Group codeshares on certain Air Pacific services for which it pays for seats utilised
— The Qantas Group provides ramp handling services to AUX Investment Pty Limited and its controlled entities (AUX Investment Group)
— The Qantas Group leases aircraft and domestic freight capacity and sub-leases certain property to the AUX Investment Group
— The Qantas Group receives certain domestic freight and document delivery services from the AUX Investment Group
— The Qantas Group receives interest from the AUX Investment Group on an investment loan
— The Qantas Group receives engine maintenance services from LTQ Engineering Pty Limited
— The Qantas Group provides airline seats on domestic and international routes to the Jetset Travelworld Group for sale
through its travel agency network
— The Qantas Group sells Frequent Flyer points to the Jetset Travelworld Group and redeems Qantas Holidays vouchers
on the Qantas Frequent Flyer store
— The Qantas Group provides aircraft sourcing for Jetstar Japan Co., Ltd.
31. Related Parties continued
QANTAS ANNUAL REPORT 2012120