1006(b) Remuneration of officers“Officers” are persons engaged by the economic entity who are concerned in, and take part in, the management of theCorporation or economic entity, other than as a director. The definition does not include a designated office or position occupiedby more than one person during the reporting period.Remuneration of officers (detailed below) relates to members of the Executive. The remuneration of those officers who haveoccupied the position of Managing Director or a director of the economic entity during <strong>2003</strong>-<strong>04</strong> are not included to the extentthat they were remunerated as directors of the Corporation or economic entity. Details in relation to those directors are included innote 6(c).ConsolidatedCorporationOfficers 20<strong>04</strong> <strong>2003</strong> 20<strong>04</strong> <strong>2003</strong>Total remuneration in respect of Officers: $895,291 $877,<strong>04</strong>7 $895,291 $877,<strong>04</strong>7The above amounts include remuneration in respect of each officer or designated position which is $100,000 or more during thereporting period. The amounts include a component for leave accrued, and are included in Employee expenses in note 6(a).Officers of theeconomic entityOfficers of theCorporation20<strong>04</strong> <strong>2003</strong> 20<strong>04</strong> <strong>2003</strong>The number of Officers whose total remuneration was between: Number Number Number Number$140,001 – $150,000 - 1 - 1$170,001 – $180,000 1 1 1 1$180,001 – $190,000 1 - 1 -$210,001 – $220,000 - 1 - 1$250,001 – $260,000 1 - 1 -$280,001 – $290,000 1 - 1 -$330,001 – $340,000 - 1 - 16(c)Remuneration of directors and related party disclosuresDirectorsRemuneration of directors includes the remuneration of officers who are also directors of the Corporation or the economic entity.Their remuneration as directors of the Corporation is included below.ConsolidatedCorporation20<strong>04</strong> <strong>2003</strong> 20<strong>04</strong> <strong>2003</strong>Total remuneration in respect of directors: $1,141,883 $1,<strong>04</strong>3,719 $587,428 $558,421Superannuation included in the above remuneration: $156,101 $128,088 $53,027 $51,743The directors of the Corporation’s controlled entity MST Ltd (see note 8c) are appointed from directors and officers of theCorporation. The remuneration paid by the Corporation to those directors is $1,009,014 ($905,900 in <strong>2003</strong>), including acomponent for leave accrued. They received no additional remuneration for their duties in relation to the controlled entity.Directors of theeconomic entityDirectors of theCorporation20<strong>04</strong> <strong>2003</strong> 20<strong>04</strong> <strong>2003</strong>The number of directors whose total remuneration was between: Number Number Number NumberNil – $10,000 2 1 2 1$10,001 – $20,000 1 2 1 1$20,001 – $30,000 5 4 5 4$30,001 – $40,000 - 1 - 1$40,001 – $50,000 1 1 1 1$200,001 – $210,000 - 1 - -$250,001 – $260,000 - 1 - -$260,001 – $270,000 1 - - -$290,001 – $300,000 1 - - -$370,001 – $380,000 - 1 - 1$400,001 – $410,000 1 - 1 -
1016(c)Remuneration of directors and related party disclosures (cont.)The following persons held positions as directors of the Corporation during <strong>2003</strong>-<strong>04</strong>:Carla Zampatti (Chairman)Peter CarrollGerald Stone (Deputy Chairman)Robert CroninNeville Roach (ceased 30/08/03)Joseph EluNigel Milan (Managing Director)Edward GregoryJillian Broadbent Christopher Pearson (appointed 21/10/03)The following persons held positions as directors of the Corporation’s controlled entity, MST Ltd, during <strong>2003</strong>–<strong>04</strong>:Carla Zampatti (Chairman)Nigel MilanTuong Quang LuuJonathan TorpyTransactions with other related partiesTransactions with other related parties are disclosed in the relevant notes. Unless otherwise stated, transactions between relatedparties are on normal commercial terms and conditions, which are no more favorable than those available to other parties.Notes Consolidated Corporation6(d) Supplier expenses20<strong>04</strong> <strong>2003</strong> 20<strong>04</strong> <strong>2003</strong>$'000 $'000 $'000 $'000Operating lease rentals 2,160 2,512 2,160 2,512GoodsAmortisation of program stocks 1(q) 6,957 5,853 6,957 5,853Amortisation of commissioned programs 1(q) 5,134 4,172 5,134 4,172Other program purchases 9,803 9,936 9,803 9,936Materials and minor items 3,362 3,817 3,362 3,817Office Supplies 1,445 1,626 1,445 1,626Sub-total goods 26,701 25,4<strong>04</strong> 26,701 25,4<strong>04</strong>ServicesBroadcasting facilities 44,881 26,307 44,881 26,307Administrative expenses 22,163 19,887 22,146 19,863Analogue extensions 1(i) 5,514 5,863 5,514 5,863Contract staff 1(k) 10,054 8,820 10,054 8,820Production services 2,500 2,418 2,500 2,418Audit fees (viii) 69 69 65 65Sub-total services 85,181 63,364 85,160 63,336Goods from related entities - - - -Goods from external entities 26,701 25,4<strong>04</strong> 26,701 25,4<strong>04</strong>Services from related entities 4,847 6,093 4,847 6,089Services from external entities 80,334 57,271 80,313 57,247Operating lease rentals 2,160 2,512 2,160 2,512Total supplier expenses 114,<strong>04</strong>2 91,280 114,021 91,252(viii) Audit feesFees for services paid or payable to the Auditor-General forauditing the economic entity’s financial statements for thereporting period were $69,000 (<strong>2003</strong> $69,000). No otherservices were provided during the reporting period.Remuneration for auditing the financial statements. 69 69 65 65Total audit fees 69 69 65 65
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2003 - 2004ANNUALREPORTcelebrating
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