Brambles 2006 Annual Report - Alle jaarverslagen

75
Brambles
2006 Annual Report
Rights over
BIP shares
Grant
date (31)
Expiry
date
Exercise
price
Value at
grant (33)
Date from which exercisable
(subject to satisfaction
of performance
and/or service condition)
28) 19 December 2001 (35) 19 December 2007 – £3.08 19 December 2004
29) 2 April 2002 (35) 2 April 2008 – £3.08 2 April 2005
See Section 8.5 for footnotes.
30) 5 September 2002 (35) 5 September 2008 – £2.19 5 September 2005
31) 10 September 2003 (35) 10 September 2009 – £1.50 10 September 2006
32) 4 March 2004 (35) 4 March 2010 – £1.85 4 March 2007
33) 24 November 2004 (8)(37) 9 September 2010 (38) – £2.31/2.42 8 September 2007
34) 24 November 2004 (9)(37) 9 September 2010 (38) – £1.25/1.31 8 September 2007
35) 24 November 2004 (36)(37) 9 September 2010 (38) – £2.31/2.42 8 September 2007
36) 24 November 2004 (10)(37) 9 September 2010 (38) – £1.51/1.59 8 September 2007
37) 21 October 2005 (8) 22 October 2011 (39) – £2.89/2.96 21 October 2008
38) 21 October 2005 (9) 22 October 2011 (39) – £1.37/1.41 21 October 2008
39) 21 October 2005 (10) 22 October 2011 (39) £1.61/1.65 21 October 2008
8.5 FOOTNOTES TO TABLES IN FOREGOING SECTIONS
1 It should be noted that as BIP did not exist as a separate publicly listed entity for 2001, none of the following tables or charts include data
for 2001. However, for information, the TSR performance for BIL for 2001 was 0.13% and its EPS was A$0.663.
2 As part of Brambles’ transition to IFRS/AIFRS, certain changes have been made to the calculation of equity-based remuneration. The major
change has been the exclusion of awards made before 7 November 2002. As a result of these changes, comparative disclosures for 2005
have been restated to ensure consistency and comparability in this report.
3 Of which A$12,139 comprised the minimum amount to be paid to a complying superannuation fund to avoid incurring the superannuation
guarantee levy under the Superannuation Guarantee (Administration) Act 1997 (Australia).
4 Sign-on payment of A$300,000 was paid to Mr Ihlein 22 March 2005.
5 These percentages assume an on-target performance for the purposes of STI Cash Awards (see Sections 2.2 and 3) ; and reflect the total
value of equity awards actually made during the Year valued as at the date of grant using the methodology set out on page 73.
6 This percentage is based on the split between the “Total before equity” figures shown in the table on pages 60 and 65, and the total value
of equity awards actually made during the Year valued as at the date of grant using the methodology set out on page 73.
7 Based on the STI Cash Award expected to be paid in September/October 2006 in respect of performance during the Year. The percentages
have been calculated relative to the amount which can be paid if the maximum STI targets are met.
8 STI Share Awards vest on the third anniversary of their date of grant, subject to continuing employment, see Section 2.2.
9 Enhanced STI Share Awards vest on the third anniversary of their date of grant, subject to continuing employment and meeting a
TSR performance condition, see Section 2.2.
10 LTI Awards vest on the third anniversary of their date of grant, subject to continuing employment and meeting a TSR performance condition,
see Section 2.2.
11 The total value of the relevant equity award(s) valued as at the date of grant using the methodology set out on page 73.
12 Assumes performance and/or service conditions not met.
13 The total value of the relevant equity award valued as at the reporting date using the methodology set out on page 73.
14 For continuing employees none of the equity awards shown will vest or be forfeited until calendar year 2008, when performance against
the TSR and/or service condition can be determined.
15 “Lapse” in this context means the award was vested and exercisable, but was not exercised and therefore lapsed as at expiry
date of award.
16 Section 3 contains details of those awards which vested after 30 June 2006 based on Brambles’ performance to that date.
17 These are phantom options and rights. If phantom options or rights vest, the recipient will only receive a cash amount equivalent to their
value (less the exercise price, in the case of options). The recipient cannot obtain the underlying shares in any circumstances.
18 Although figure assumes he received all three equity awards on 21 October 2005, as a known leaver, he, in fact, only received an
STI Share Award.
19 Unlike awards over real equity, the fair value of phantom options and rights is updated at each reporting period. This means that the
calculated value could differ significantly between two individuals who hold awards which are identical in all respects, except that one
individual holds phantoms.
20 Payable only to a Committee Chairman who is not also the Board Chairman or a Deputy Chairman.