annual report 2011
annual report 2011
annual report 2011
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IOOF | <strong>annual</strong> <strong>report</strong> <strong>2011</strong><br />
Notes to the financial statements (cont’d)<br />
For the year ended 30 June <strong>2011</strong><br />
33 Key management personnel<br />
The key management personnel compensation comprised:<br />
Consolidated Parent<br />
<strong>2011</strong> 2010 <strong>2011</strong> 2010<br />
$ $ $ $<br />
Short-term employee benefits 8,281,722 6,287,034 - -<br />
Post-employment benefits 226,525 183,959 - -<br />
Other long term benefits 64,593 - - -<br />
Share-based payments 1,867,224 707,330 - -<br />
Individual directors and executives compensation disclosures<br />
10,440,065 7,178,323 - -<br />
Information regarding individual directors and executives compensation and some equity instruments disclosures as required by<br />
Corporations Regulation 2M.3.03 is provided in the remuneration <strong>report</strong> section of the directors’ <strong>report</strong>.<br />
Information regarding individual directors and executives compensation and some equity instruments disclosures as required by<br />
Corporations Regulation 2M.3.03 is provided in the remuneration <strong>report</strong> section of the directors’ <strong>report</strong>.<br />
Apart from the details disclosed in this note, no director has entered into a material contract with the Group since the end of the<br />
previous financial year and there were no material contracts involving directors’ interests existing at year-end.<br />
34 Related party transactions<br />
(a) Transactions with key management<br />
personnel<br />
i. Key management personnel compensation<br />
Details of key management personnel compensation are<br />
disclosed in Note 33 to the financial statements and in the<br />
Remuneration Report.<br />
ii.<br />
Loans to key management personnel<br />
There are no loans between the Group and key management<br />
personnel.<br />
iii.<br />
Key management personnel equity holdings<br />
Fully paid ordinary shares of IOOF Holdings Ltd<br />
Ordinary shares Balance at 1 July Received on<br />
exercise of options<br />
Acquired via salary Net other change Balance at<br />
sacrifice (2) 30 June (1)<br />
No. No. No. No. No.<br />
Directors<br />
I Blair <strong>2011</strong> 30,477 - 4,259 - 34,736<br />
2010 25,215 - 5,262 - 30,477<br />
I Griffiths <strong>2011</strong> 4,280,280 - - - 4,280,280<br />
2010 4,626,695 - - (346,415) 4,280,280<br />
J Harvey <strong>2011</strong> 8,722 - 1,703 - 10,425<br />
2010 6,385 - 2,337 - 8,722<br />
C Kelaher <strong>2011</strong> 4,244,818 - - - 4,244,818<br />
2010 4,916,415 334,584 - (1,006,181) 4,244,818<br />
J Pfeiffer <strong>2011</strong> 26,855 - 5,941 - 32,796<br />
2010 19,483 - 7,372 - 26,855<br />
R Sexton <strong>2011</strong> 38,548 - 3,169 - 41,717<br />
2010 24,839 - 3,709 10,000 38,548<br />
G Venardos <strong>2011</strong> 20,013 - - - 20,013<br />
2010 15,013 - - 5,000 20,013<br />
(1) The equity holdings for the above individuals is inclusive of both direct and indirect shareholdings. Refer to the Remuneration Report for further information<br />
regarding individuals shareholdings.<br />
(2) Represent directors’ fees sacrificed into the Non-Executive Director Deferred Share Purchase Plan.<br />
page 102
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