Telstra 2009 Annual Report Download - page 229
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Telstra Corporation Limited and controlled entities
214
Notes to the Financial Statements (continued)
KMP aggregate compensation
During fiscal 2009 and fiscal 2008, the aggregate compensation
provided to our KMP was:
In accordance with AASB 124 we have made the detailed
remuneration disclosures in the Remuneration Report which is part of
the Directors’ Report. Please refer to the Remuneration Report for
further details.
Other transactions with our KMP and their related entities
Our KMP have telecommunications services transactions with the
Telstra Group, which are not significant and are both trivial and
domestic in nature. The KMP related entities also have
telecommunications services with us on normal commercial terms
and conditions.
Our KMP are provided with telecommunications and other services
and equipment to assist them in performing their duties. From time to
time, we also make products and services available to our KMP
without charge to enable them to familiarise themselves with our
products, services and recent technological developments. To the
extent it is considered a benefit to a KMP, it is included in their
compensation.
From 1 February 2009 to 31 March 2009, Mr Winn was engaged in a
consulting capacity to Telstra, an arrangement that has now ceased.
He received $666,666 in consulting fees during this period which was a
pro rata equivalent rate of his fixed remuneration and Short Term
Incentive at target as disclosed in the Remuneration Report.
28. Key management personnel compensation (continued)
Telstra Group Telstra Entity
As at 30 June As at 30 June
2009 2008 2009 2008
$$ $$
Short term employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,303,124 30,308,353 26,303,124 30,308,353
Post employment benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,170,557 1,360,764 1,170,557 1,360,764
Other long term benefits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 296,800 288,125 296,800 288,125
Termination benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,232,113 -4,232,113 -
Share-based payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,057,240 16,518,575 7,057,240 16,518,575
39,059,834 48,475,817 39,059,834 48,475,817