Annual Report - AWB Limited

AWB LIMITED Directors’ reportKey management personnel of AWB Limited Group and AWB Limited 1Table 10 - Executive Director, KMP and Senior Managers remuneration for the year ended 30 September 20072007 Short term benefitsCash salary and fees Bonus 2 Non-monetarybenefits 3 Other 4$ $ $ $Executive DirectorGordon Davis (Managing Director) 757,803 708,750 - -Other KMP and Senior ManagersMark Hosking (appointed 16 April 2007) 216,793 127,500 - 3,707Mitch Morison (appointed 20 October 2006) 338,469 45,000 - -Graeme Jacobs (appointed 15 February 2007) 197,560 149,040 - 2,422Margaret Wade (appointed 8 January 2007) 192,028 64,460 - -Phillip Meurer (appointed 11 July 2007) 103,651 56,520 - -David Johnson 289,876 77,260 1,785 -Colin Taylor 293,450 277,500 - -Kevin Lynch 328,756 249,750 - -Robert Hadler 362,291 198,000 - 5,552James Hatherley (resigned 12 October 2007) 431,562 - 2,536 -Thierry Dubois 297,125 5,859,441 - 413,701Paul Ingleby (redundant 30 October 2006) 51,405 - 5,900 1,038Peter Geary (redundant 3 November 2006) 43,825 - 1,641 4,916Michael Thomas (resigned 29 June 2007) 347,905 - 475 -Sarah Scales (resigned 2 February 2007) 166,223 - 1,332 1,214Total Executive Director, KMP and Senior Managers 4,418,722 7,813,221 13,669 432,5501 KMP remuneration includes those meeting the definition of KMP under AASB 124 as well as the five executives who received the highestremuneration for the year in accordance with the Corporations Act 2001. It excludes Non-Executive Directors.2 Bonuses in respect of the 2006/07 financial year have been revised to be presented on an accruals basis. In prior years, these have beenpresented on a cash basis.3 Interest free portion of loan under employee share schemes.4 ‘Other’ remuneration for other key management personnel, includes motor vehicles, housing benefits and other allowances subject tofringe benefits tax. Included in other for Thierry Dubois is an allowance for successful implementation of the international tradingoperations strategy.5 Retirement benefits includes termination payments made during the year, Paul Ingleby $1,319,548, Peter Geary $951,207,Michael Thomas $898,473 and Sarah Scales $775,288.6 The fair value of the rights is calculated at the date of grant using a Black-Scholes model and allocated to each reporting period evenlyover the period from grant date to vesting date. The value disclosed above is the portion of the fair value of all the rights that havebeen expensed during the period.50 www.awb.com.au