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74
Telstra Corporation Limited and controlled entities
Remuneration Report
7.5 Accounting value of all LTI instruments
(1) The value of each instrument is calculated by applying valuation methodologies as described in note 27 to the financial statements and is then amortised
over the relevant vesting period. The values included in the table relate to the current year amortised value of all LTI instruments detailed as other equity
in the remuneration table 7.1. Please refer to note 27 to the financial statements for details on our employee share plans.
(2) Where a vesting scale is used, the table reflects the maximum achievable allocation.
(3) As required under accounting standards, accounting expense that was previously recognised as remuneration has been reversed in fiscal 2010 and fiscal
2009. For fiscal 2010, this has occurred for the fiscal 2006, fiscal 2007, fiscal 2008 and fiscal 2009 LTI plans that failed to satisfy non-market (ie non-
TSR) performance targets, resulting in equity instruments lapsing. For market based hurdles, (ie TSR) an accounting value is recorded above, however
the relevant KMP received no value from those equity instruments that lapsed.
(4) Total Remuneration is the sum of short term employee benefits, post employment benefits, termination benefits, other long term benefits and equity
settled share based payments as detailed in table 7.1 of this Report.
Name Year Accounting Value of LTI Equity Allocations
(1) (2) (3) Accounting Value
as a % of Total
Remuneration (4)
Options
($) Performance
rights ($) Restricted
shares Total ($) (%)
David Thodey 2010 323,982 (154,108) 265,871 435,745 13.6%
2009 890,854 36,218 197,645 1,124,717 32.1%
Bruce Akhurst 2010 349,107 (166,758) 207,709 390,058 20.3%
2009 959,956 39,359 212,899 1,212,214 33.9%
Nerida Caesar 2010 44,313 - 86,614 130,927 10.1%
2009 17,716 - 7,573 25,289 8.5%
Paul Geason 2010 - - 36,429 36,429 3.3%
2009 ----
-
Glenice Maclellan 2010 (2,658) - (12,383) (15,041) -
2009 ----
-
Kate McKenzie 2010 (252,376) (67,917) (106,020) (426,313) -
2009 254,923 (1,436) 56,230 309,717 23.5%
Justin Milne 2010 330,975 (107,136) 187,521 411,360 33.4%
2009 323,554 26,359 65,037 414,950 28.0%
David Moffatt 2010 510,330 (217,394) 93,936 386,872 19.4%
2009 983,746 41,466 224,096 1,249,308 34.1%
Michael Rocca 2010 317,415 (147,496) 191,165 361,084 11.5%
2009 317,363 29,801 80,524 427,688 18.2%
Deena Shiff 2010 259,834 (115,156) 162,273 306,951 17.0%
2009 704,226 8,802 166,328 879,356 33.1%
John Stanhope 2010 251,916 (147,038) 191,603 296,481 12.8%
2009 685,618 30,621 156,754 872,993 28.5%
Geoff Booth 2010 37,772 (143,282) 79,791 (25,719) -
2009 ----
-