Qantas 2016 Annual Report Download - page 38

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Directors’ Report continued
For the year ended 30 June 2016
REMUNERATION REPORT (AUDITED) CONTINUED
6) STATUTORY REMUNERATION DISCLOSURES FOR 2015/2016
The statutory remuneration disclosures for the year ended 30 June 2016 are detailed below and are prepared in accordance with
Australian Accounting Standards and differ from the 2015/2016 remuneration outcomes outlined above. These differences arise due
to the accounting treatment of share-based payments for the STIP and LTIP.
Statutory Remuneration Table – CEO and Executive KMP
Incentive Plan – Accounting Accrual Other Benefits
$’000s
Equity-settled
Share-based Payments
Current Executives
Base Pay
(Cash)1
STIP Cash
Bonus1
Deferred
Shares Rights Sub-total
Non-cash
Benefits1,3
Post-
employment
Benefits4
Other
Long-term
Benefits5Sub-total Total
Alan Joyce2
Chief Executive
Officer
2016 2,10 6 3,264 836 2,330 8,536 30 63 (201) (108) 8,428
2015 2,000 1,904 423 2,261 6,588 63 70 (21) 112 6,700
Tino La Spina6
Chief Financial
Officer
2016 831 834 178 323 2,166 43 41 24 108 2,274
2015 279 152 17 76 524 24 32 96 152 676
Andrew David6
CEO Qantas
Domestic
2016 831 798 505 348 2,482 38 41 382 2,564
2015 277 152 128 86 643 20 32 20 72 715
Gareth Evans
CEO Qantas
International
2016 981 1,024 252 694 2,951 19 41 666 3,017
2015 981 537 126 760 2,404 39 44 24 107 2,511
Lesley Grant
CEO Qantas
Loyalty
2016 824 834 201 408 2,267 35 48 (3) 80 2,347
2015 781 411 96 351 1,639 20 44 (6) 58 1,697
Jayne Hrdlicka
CEO Jetstar
Group
2016 981 939 234 694 2,848 70 41 30 141 2,989
2015 981 513 119 760 2,373 76 44 1121 2,494
Total
2016 6,554 7,693 2,206 4,797 21,250 235 275 (141) 369 21,619
2015 5,299 3,669 909 4,294 14,171 242 266 114 622 14,793
1 Short-term employee benefits include Base Pay (cash), STIP cash bonus and non-cash benefits.
2 Base Pay (cash) for Mr Joyce is Base Pay of $2,125,000 less superannuation contributions of $19,308. For 2015 Base Pay was $2,125,000 less Base Pay forgone of $106,250 less
superannuation contributions of $18,783.
3 Non-cash Benefits include the value of travel benefits whilst employed and other minor benefits.
4 Post-employment Benefits include superannuation and an accrual for post-employment travel of $44,000 for Mr Joyce and $22,000 for each other Executive (2015: $51,000 for Mr Joyce
and $25,000 for each other Executive).
5 Other Long-term Benefits include movement in annual leave and long service leave balances. The accounting value of other long-term benefits may be negative, for example where an
Executive’s annual leave balance decreases as a result of taking more than the 20 days annual leave they accrue during the year.
6 2014/2015 remuneration reflects the period of time in a key management role for Mr La Spina and Mr David (1 March 2015 to 30 June 2015).
36
QANTAS ANNUAL REPORT 2016