annual report - Harvey Norman Company Reports & Announcements

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DIRECTOR‟S REPORT (CONTINUED) Remuneration Report (Audited) (continued) TABLE 2: Options Granted to Executive Directors as Part of Remuneration: Grant Date Options Granted as Remuneration During the Year (a) Grant Number Value per option at Grant Date $ Total Value of Options Granted During the Year $ First Exercise Date Last Exercise Date Number of Options Vested During the Year Value of Options Exercised During the Year Options Lapsed During the Year (b) Number of Options Lapsed During the Year Value of Options Lapsed During the Year $ J.E. Slack-Smith 29/11/2011 1,000,000 $0.51 $510,000 01/01/2015 30/06/2017 - - 322,000 $280,140 D.M. Ackery 29/11/2011 1,000,000 $0.51 $510,000 01/01/2015 30/06/2017 - - 322,000 $280,140 C. Mentis 29/11/2011 1,000,000 $0.51 $510,000 01/01/2015 30/06/2017 - - 322,000 $280,140 TOTAL 3,000,000 $1,530,000 (a) Subject to the terms and conditions of the 2010 Share Option Plan, the Company issued 1,000,000 options to subscribe for 1,000,000 fully paid ordinary shares in the Company, at an exercise price of $2.03 per option, on 29 November 2011, to each of David Matthew Ackery, Chris Mentis and John Evyn Slack-Smith ("Second Tranche of Options"). The qualifying period for the Second Tranche of Options is the three years ending 30 June 2014. The Second Tranche of Options were independently valued by Mercer (Australia) Pty Limited at grant date utilising the assumptions underlying the Black-Scholes methodology. Under this valuation methodology, the value of each option in the Second Tranche of Options was $0.51 per option or $1,530,000 in total. (b) On 13 June 2012 the Company announced that options over 322,000 shares granted to each of David Matthew Ackery, Chris Mentis and John Evyn Slack-Smith, a total of 966,000 options over 966,000 shares, previously granted on 29 November 2010 (“First Tranche of Options”) have lapsed and will never be exercisable. (c) 750,000 options over 750,000 shares of the Second Tranche of Options may be exercised subject to the satisfaction of service conditions and the terms and conditions of the 2010 Share Option Plan. 2,250,000 options over 2,250,000 shares of the Second Tranche of Options cannot be exercised but remain in existence. - - 966,000 $840,420 29
DIRECTORS‟ REPORT (CONTINUED) Remuneration Report (Audited) (continued) TABLE 3: Compensation of Key Management Personnel for the Year Ended 30 June 2012 – Executives of Harvey Norman Holdings Limited: 30 Salary & fees $ Short-Term Benefits Post- Employment Performance Cash Incentive $ Other Short-Term $ Non monetary benefits $ Super- annuation $ Share-Based Payments Value of Shares $ Value of Options $ Other Termination Benefits $ R. Orrock 2012 513,638 82,400 21,162 - 15,775 - - - 632,975 - General Manager: Domayne 2011 513,639 - 21,162 - 15,199 - - - 550,000 - M.L. Anderson 2012 337,252 - - 21,973 15,775 - - - 375,000 - General Manager: Advertising 2011 331,618 - - 21,466 15,199 - - - 368,283 - L.R. Greeff CIO / Program Director – Merchandise Management 2012 - - - - - - - - - - System Program (a) 2011 366,475 - - - 7,600 - - 226,663 600,738 - G.I. Dingwall 2012 334,800 50,000 - - 15,775 - - - 400,575 - General Manager: IT / CIO (b) 2011 306,269 50,000 - - 15,199 - - - 371,468 - T.J. Scott 2012 450,000 - - - 15,775 - - - 465,775 - General Manager: Property TOTAL KEY MANAGEMENT 2011 384,248 50,000 - - 15,199 - - - 449,447 - PERSONNEL 2012 TOTAL KEY MANAGEMENT 1,635,690 132,400 21,162 21,973 63,100 - - - 1,874,325 - PERSONNEL 2011 1,902,249 100,000 21,162 21,466 68,396 - - 226,663 2,339,936 - (a) Mr L. R. Greeff was the Chief Information Officer (“CIO”) of Harvey Norman Holdings Limited up to 30 April 2010. He was appointed to Program Director – Merchandise Management System Program on 1 May 2010. Mr. Greeff resigned with effect from 17 December 2010. (b) Mr G. I. Dingwall was appointed as General Manager – Information Technology on 1 February 2011. On 1 December 2011 he was appointed to Chief Information Officer. TOTAL $ % of options
Page 1 and 2: 2012 ANNUAL REPORT HOLDINGS LIMITED
Page 3 and 4: 2 Contents Company Information 1 Co
Page 5 and 6: CHAIRMAN‟S REPORT Business Perfor
Page 7 and 8: CHAIRMAN‟S REPORT (CONTINUED) Our
Page 9 and 10: CHAIRMAN‟S REPORT (CONTINUED) Bre
Page 11 and 12: CHAIRMAN‟S REPORT (CONTINUED) Sal
Page 13 and 14: CHAIRMAN‟S REPORT (CONTINUED) Slo
Page 15 and 16: DIRECTOR‟S REPORT Your directors
Page 17 and 18: DIRECTOR‟S REPORT (CONTINUED) Com
Page 19 and 20: DIRECTOR‟S REPORT (CONTINUED) Div
Page 21 and 22: DIRECTOR‟S REPORT (CONTINUED) Rem
Page 29: DIRECTORS‟ REPORT (CONTINUED) Rem
Page 33 and 34: DIRECTORS‟ REPORT (CONTINUED) Aud
Page 35 and 36: CORPORATE GOVERNANCE STATEMENT (CON
Page 43 and 44: STATEMENT OF FINANCIAL POSITION AS
Page 45 and 46: STATEMENT OF COMPREHENSIVE INCOME F
Page 47 and 48: STATEMENT OF CHANGES IN EQUITY FOR
Page 49 and 50: STATEMENT OF CASH FLOWS FOR THE YEA
Page 51 and 52: OPERATING SEGMENTS (CONTINUED) Oper
Page 53 and 54: OPERATING SEGMENTS (CONTINUED) OPER
Page 55 and 56: OPERATING SEGMENTS (CONTINUED) Oper
Page 57 and 58: STATEMENT OF SIGNIFICANT ACCOUNTING
Page 71 and 72: Reference Title Summary Application
Page 77 and 78: NOTES TO THE FINANCIAL STATEMENTS (
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NOTES TO THE FINANCIAL STATEMENTS (
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Independent auditor’s report to t
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SHAREHOLDER INFORMATION Distributio
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DIRECTORY OF HARVEY NORMAN, DOMAYNE
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