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67
Telstra Corporation Limited and controlled entities
Remuneration Report
5.4 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 in the Equity Settled Share Based Payments section in
the remuneration Table 5.1. Refer to Note 27 to the financial statements for details on employee share plans.
(2) When a vesting scale is used, the table reflects the maximum achievable allocation.
(3) As required under AASB 2, accounting expense that was previously recognised as remuneration has been reversed in FY 2012 and FY 2011. For FY 2012, this has occurred
for the FY 2009 and FY 2010 LTI plans that failed to satisfy non-market (i.e. non-RTSR) performance targets, resulting in equity instruments lapsing. For market based hurdles,
(i.e. RTSR) 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 5.1 of this Report.
Name Year Accounting Value of LTI Equity Allocations
(1) (2) (3) Total
($)
Accounting Value
as a % of Total
Remuneration (4)
Options
($)
Restricted shares
($)
Performance shares
($) (%)
David Thodey 2012 35,253 1,970,882 - 2,006,135 26.1%
2011 49,113 645,403 - 694,516 13.6%
Gordon Ballantyne 2012 -- --
-
2011 -- --
-
Rick Ellis 2012 - 61,620 - 61,620 6.1%
2011 -- --
-
Stuart Lee 2012 7,280 200,674 - 207,954 10.3%
2011 -- --
-
Kate McKenzie 2012 13,459 512,090 - 525,549 19.0%
2011 6,510 141,413 - 147,923 8.8%
Andrew Penn 2012 - - 53,879 53,879 4.1%
2011 -- --
-
Brendon Riley 2012 - 385,852 - 385,852 8.9%
2011 -- --
-
Bruce Akhurst 2012 20,647 496,563 - 517,210 17.0%
2011 52,909 334,570 - 387,479 13.2%
John Stanhope 2012 8,972 40,689 - 49,661 3.2%
2011 38,951 371,050 - 410,001 12.5%