annual report 2011

IOOF | annual report 2011
6. Remuneration tables
The following table sets out the remuneration received by the Executive Director, other KMP and named Senior Executives for the
financial year ended 30 June 2011 and the comparative year.
Short term employee benefits
Salary
& fees
Bonus (1)
Nonmonetary
(2)
Postemployment
benefits
Superannuation
Termination
benefits
Other
long-term
benefits
Share-based payment (3)
Options
$ $ $ $ $ $ $ $ $
Executive director
C Kelaher 2011 914,801 408,000 7,118 15,199 - - 273,956 398,307 2,017,381
2010 885,539 297,000 6,803 14,461 - - 150,476 359,178 1,713,457
Other key management personnel
S Abley 2011 305,624 60,000 6,474 15,199 - - 134,680 14,529 536,506
2010 297,100 66,852 6,206 14,491 - - - 17,884 402,533
M Carter 2011 291,376 60,000 12,441 15,199 - - 245,985 - 625,001
2010 280,852 60,179 10,664 9,148 - - 33,653 - 394,496
D Coulter 2011 294,801 50,000 - 15,199 - - 211,610 - 571,610
2010 286,777 50,000 - 13,223 - - 12,014 - 362,014
S Merlicek (4) 2011 345,301 80,000 1,868 15,199 - - 134,680 - 577,048
2010 247,949 70,000 5,360 10,512 - - - - 333,821
R Mota 2011 306,801 60,000 1,868 15,199 - - 134,680 73,517 592,065
2010 298,150 63,784 806 14,350 - - - 97,388 474,478
G Riordan 2011 368,995 100,000 - 15,230 - - 245,280 - 729,505
2010 346,095 90,000 - 13,905 - - 36,737 - 486,737
Other specified executives
A Patterson 2011 634,801 560,000 127,501 15,199 - - - - 1,337,501
2010 621,837 200,000 10,664 14,460 - - - - 846,961
K Morris (5) 2011 1,426,447 - - 25,000 - - - - 1,451,447
2010 1,308,122 - - 23,000 - - - - 1,331,122
T Gunning (6) 2011 564,447 468,250 - 24,100 - - - - 1,056,797
Shares
Total
Total 2011 5,453,393 1,846,250 157,269 170,723 - - 1,380,871 486,353 9,494,860
2010 4,572,421 897,815 40,503 127,550 - - 232,880 474,450 6,345,619
(1) The bonus reflects amounts provided under the short-term incentive program in relation to the financial year with the exception of Mr Abley. Mr Abley’s bonus
includes an amount of $20,000 that relates to 2009/10. The bonus for Mr Abley in relation to the 2010/11 financial year is $40,000. This incentive payment amount for
2010/11 has been communicated to all participants with the exception of Mr Patterson which was considered at the August board meeting of Perennial Investment
Partners Ltd, the amount above reflects an estimate only. One third of the bonus awarded to Mr Kelaher has been deferred into shares which will vest in July 2012, this
component of the STI is included as a share-based payment. The expected payment value of the bonuses is the amount shown and includes any amounts that may be
sacrificed into superannuation.
(2) Non-monetary benefits include fringe benefits tax paid and the value of other non-monetary benefits.
(3) Equity compensation includes accruals in relation to the Executive Performance Share Plan and accruals in relation to other grants of performance rights and options
over shares in the Company. The value of the number of shares and options expected to vest has been apportioned over the term from grant date to vesting date.
(4) Mr Merlicek was appointed 1 October 2009 therefore the 2010 comparative remuneration represents nine months of his annual salary at that time.
(5) The remuneration for Mr Morris has been included for the comparative period as Mr Morris was in the top 5 most highly remunerated employees for that year.
Mr Morris is employed by the Ord Minnett Group (70% owned subsidiary).
(6) Appointed 17 November 2010 to Ord Minnett Group (70% owned subsidiary).
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