Annual Report - Bega Cheese

Financial Statements
Financial Period Ended Statements 30 June 2010
Period Notes to Ended the Financial 30 June 2010 Statements
Notes to the Financial Statements
29. Remuneration Report (cont.)
The predetermined at risk criteria for Aidan Coleman under the TMI STI were categorized as follows:
At risk criteria
Cultural and safety performance
Customer service and delivery
Quality and right first time performance
Working capital management and net cash generated
% of total at risk
component (2)
2010 (1)
0-15%
0-15%
0-40%
0-30%
(1) The TMI STI was introduced from 1 July 2009 and applied for the year ended 30 June 2010
(2) This is a range for Tatura Milk
Aidan Coleman was not entitled to more than 100% of his predetermined at risk component (i.e. not more than 40% of his
Base Salary). The final percentage of at risk payable to Aidan Coleman was subject to the actual performance of Tatura Milk
against the above pre-determined criteria.
After final assessment of the actual performance of Tatura Milk for the year ended 30 June 2010 against the above at risk
criteria the Tatura Milk Chairman approved awarding Aidan Coleman 83% of his maximum entitlement to the at risk
component of his total remuneration (i.e. 33% of his Base Salary, not the maximum possible amount of 40% had all of the at
risk criteria been met).
Bega Cheese Limited 2010 Annual Report 57
Bega Cheese Limited 2010 Annual Report 57