Annual Report 2011 - Syrah Resources Ltd

Syrah Resources Limited
Notes to the financial statements
30 June 2011
Note 18. Key management personnel disclosures (continued)
Option holding
The number of options over ordinary shares in the parent entity held during the financial year by each director and
other members of key management personnel of the consolidated entity, including their personally related parties, is
set out below:
2011
Options over ordinary shares
Mr T Eadie
Mr A Campbell
Mr T Lees
Mr D Ogg *
Mr M Ware **
Balance at Expired/ Balance at
the start of forfeited/ the end of
the year Granted Exercised other the year
500,000 - - - 500,000
2,000,000 - - - 2,000,000
500,000 - - - 500,000
250,000 - - (250,000) -
- 400,000 - - 400,000
3,250,000 400,000 - (250,000) 3,400,000
*
**
Mr D Ogg resigned as Company Secretary on 6 May 2011.
Mr M Ware was issued 400,000 options as part of his remuneration package.
2010
Options over ordinary shares
Mr T Eadie
Mr A Campbell
Mr T Lees
Mr D Ogg
Balance at Expired/ Balance at
the start of forfeited/ the end of
the year Granted Exercised other the year
500,000 - - - 500,000
1,000,000 1,000,000 - - 2,000,000
500,000 - - - 500,000
250,000 - - - 250,000
2,250,000 1,000,000 - - 3,250,000
Related party transactions
Related party transactions are set out in note 22.
Note 19. Remuneration of auditors
During the financial year the following fees were paid or payable for services provided by Grant Thornton Audit Pty
Ltd, the auditor of the company, and its related practices:
Consolidated
2011 2010
$ $
Audit services - Grant Thornton Audit Pty Ltd
Audit or review of the financial report
Audit services - unrelated practices
Audit or review of the financial report
19,000 -
8,000 21,500
The amount paid to unrelated practice relates to Leydin Freyer Audit Pty Ltd, the previous auditor.
40