annual report 2011

IOOF | annual report 2011
Inputs for measurement of grant date fair values granted during the financial year
The grant date fair value of the options granted through the employee share option plans were measured based on Monte Carlo
sampling, where an external market-based performance hurdle exists. The grant date fair value of all other share-based payment
plans were measured based on a binomial options pricing model. Expected volatility is estimated by considering historic average
share price volatility. The inputs used in the measurement of the fair values at grant date of the share-based payment plans are the
following:
Series
Fair
value
Exercise
price
Grant date
share price
Expected
volatility
Expected
life (years)
Dividend
yield
Risk-free
interest rate
2010-02 Options - Senior Management 1.27 7.40 5.84 48% 3 6% 6%
2010-04 Options - Executives 2.14 6.14 6.55 51% 5 5% 6%
2010-05 Options (1) - Managing Director 2.25 6.93 7.27 50% 3 5% 6%
2010-05 Options (2) - Managing Director 2.45 6.93 7.27 50% 4 5% 6%
2010-05 Options (3) - Managing Director 2.58 6.93 7.27 50% 5 5% 6%
2010-01 Rights - Senior Management 5.84 nil 5.84 50% 3 5% 6%
2010-06 Rights (1) - Managing Director 3.63 nil 7.27 50% 3 5% 6%
2010-06 Rights (2) - Managing Director 3.47 nil 7.27 50% 4 5% 6%
2010-06 Rights (3) - Managing Director 3.30 nil 7.27 50% 5 5% 6%
32 Remuneration of auditors
Auditors’ remuneration paid or payable by members of the IOOF Holdings Ltd Group to the auditors of the corporate entities in
relation to audit services of the corporate entities and products operated by the Group during the year and for the comparative prior
period:
Audit services
Auditors of the Company
Consolidated Parent
2011 2010 2011 2010
$ $ $ $
KPMG Australia
Audit and review of financial reports 1,978,315 1,808,510 304,000 225,522
Other regulatory audit services 535,700 529,990 - -
2,514,015 2,338,500 304,000 225,522
Other auditors - 441,800 - -
2,514,015 2,780,300 304,000 225,522
Other services
Auditors of the Company
KPMG Australia
Taxation services 332,880 446,680 - -
Other services 87,292 51,772 - -
420,172 498,452 - -
Other auditors - 911,080 - -
420,172 1,409,532 - -
All amounts payable to the Auditors of the Company were paid by a Group subsidiary.
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