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.)
(7) Remuneration of Directors of the Company for non-executive duties is disclosed under ‘Other Payments’ is set by the
shareholders and any changes are subject to approval by ordinary resolution at a general meeting. The current
remuneration of Directors was set at the October 2008 Annual General Meeting, being:
Chairman’s Allowance $52,160 (in addition to Director’s Allowance)
Deputy Chairman’s Allowance $9,229 (in addition to Director’s Allowance)
Director’s Allowance $24,963
Full day sitting fee $628
Half day sitting fee $374
Superannuation is also paid to Directors at the rate of 9% of Allowances and sitting fees
(8) Includes Deputy Chairman’s Allowance, Director’s Allowance and sitting fees
(9) Includes Director’s Allowance and sitting fees
(10) Included in the remuneration table as one of the top five paid executives of the Company, with Grattan Smith being
awarded to 72% of his maximum entitlement to the at risk component of his total remuneration (i.e. 18% of his Base
Salary, not the maximum possible amount of 25% had all of the at risk criteria been met)
(11) Included in the remuneration table as one of the top five paid executives of the Group
30. Notes to the Cash Flow Statement
For the purpose of the cash flow statement, cash includes cash on hand, in banks and investments in money market
instruments, net of outstanding bank overdrafts.
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
a. Reconciliation of cash and cash equivalents
Cash 18,169 21,963 9,254 15,671
Total 18,169 21,963 9,254 15,671
b. Financing facilities
Amount used 130,568 163,934 98,900 118,000
Amount unused 71,827 72,006 24,200 24,400
Total 202,395 235,940 123,100 142,400
Bega Cheese Limited 2010 Annual Report 59
Bega Cheese Limited 2010 Annual Report 59