Apata Limited and Group

apata (annual report 2007/08)
46
Share dealings of directors in the Company
The Michael and Patricia Muller Family Trust, in which Michael
Muller has a beneficial interest, sold 33,333 shares during the
course of the year. The Harvest Ridge Trust, in which David
Goodwin has a beneficial interest, purchased 50,000 shares
during the course of the year. Paul O’Brien also has an interest
in the 13,000 shares held by P, C & B O’Brien.
Loans to directors
The Group has made no loans to a director nor has the Group
guaranteed any debts incurred by a director.
Directors’ indemnity and insurance
The Group has arranged directors and officers liability insurance
cover in respect of Apata Limited and Apata Suppliers Limited
for $2,500,000 with QBE Insurance International Limited at a
premium of $4,000 per annum. The directors portion of the
premium is $400.
c : Employee’s remuneration
During the year the following number of employees received
remuneration and other benefits of at least $100,000:
Number of
Apata Limited employees
$250,000 – $259,999 1
$140,000 – $149,999 1
$110,000 – $119,999 1
$100,000 – $109,999 1
d : Auditors’ remuneration
Shares held Shares held
31.3.2008 31.3.2007
David Goodwin (beneficially held) 308,209 258,209
Peter Mayston (beneficially held) 554,464 554,464
Michael Muller (beneficially held) 362,196 395,530
Max McGreevy (beneficially held) 509,425 509,425
Paul O’Brien 25,000 25,000
During the year $28,503 has been paid or accrued to KPMG as
the Group’s auditor (2007: $24,007), and $4,500 for other services
relating to the transition to IFRS.
e : Use of Group information
During the year the Board received no notices from directors
of the Group requesting to use Group information received in
their capacity as directors that would not otherwise have been
available to them.
f : Donations
The Group did not make any donations to charities during
the year.