Qantas 2013 Annual Report Download - page 149

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147
QANTAS ANNUAL REPORT 2013
Key Management
Personnel – Executives
Interest in
Shares as at
30 June 2011
Awarded as
Remuneration1
Rights
Converted to
Shares
Other
Change2
Interest in
Shares as at
30 June 20123
Awarded as
Remuneration
1
Rights
Converted to
Shares
Other
Change2
Interest in
Shares as at
30 June 2013
Alan Joyce 2,475,118 375,014 56,070 – 2,906,202 – – – 2,906,202
Bruce Buchanan3348,366 103,166 – – 451,532 n/a n/a n/a n/a
Gareth Evans 242,864 111,658 – – 354,522 62,620 – – 417,142
Lesley Grant n/a n/a n/a n/a 207,752 42,926 – – 250,678
Rob Gurney4287,663 81,671 1,540 (153,000) 217,874 n/a n/a n/a n/a
Simon Hickey 803,488 109,119 – – 912,607 49,234 – – 961,841
Jayne Hrdlicka – 35,704 – – 35,704 50,080 – 33,000 118,784
Lyell Strambi 396,700 99,600 – (159,000) 337,300 59,773 – (151,500) 245,573
1 Refer to pages 83 to 87 for details of the STIP.
2 Other change includes shares purchased, sold or forfeited.
3 Bruce Buchanan ceased to be a KMP on 30 June 2012 and ceased employment with Qantas on 31 January 2013.
4 Rob Gurney ceased to be a KMP and employment with Qantas on 30 June 2012.
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 2013 or during
the 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 $7,440 (2012: $326,958). The amount payable as at 30 June 2013 was $nil (2012: $89,280).
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 Pacic
Limited (Air Pacic)
»The Qantas Group codeshares on certain Air Pacic services for which it pays for seats utilised
»The Qantas Group received engine maintenance services from LTQ Engineering Pty Limited (LTQ) prior to LTQ ceasing operation
»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. and Jetstar Hong Kong Airways Limited
»The Qantas Group established a business service agreement with Jetstar branded airlines in Japan and Hong Kong for the
provision of business services to enable the low cost airline to operate a consistent customer experience for the Jetstar brand
Prior to the sale of AUX Investments Pty Ltd and its controlled entities (AUX Investments Group) and the consolidation of AaE,
the Qantas Group transacted with the AUX Investments Group as follows:
»The Qantas Group provided ramp handling services to the AUX Investments Group
»The Qantas Group leased aircraft and domestic freight capacity and sub-leases certain property to the AUX Investments Group
»The Qantas Group received certain domestic freight and document delivery services from the AUX Investments Group
»The Qantas Group received interest from the AUX Investments Group on an investment loan