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DIRECTORS’ REPORTFor the year ended 30 June 2009Remuneration report cont.B Details of remuneration cont.(iv) Performance of St Barbara LimitedIn assessing the Group’s performance and improvement in shareholder wealth, consideration is given to the followingmeasures in respect of the current financial year and the previous four financial years:2009 2008 2007 2006 2005Earnings $ $ $ $ $Sales revenue 281,129,000 143,129,000 130,911,000 115,263,000 46,553,000EBITDA 39,701,000 12,340,000 28,364,000 13,577,000 15,051,000Net profit/(loss) after tax (1) (76,344,000) (17,333,000) (2,894,000) 6,019,000 6,831,000(1) Net profit amounts for 2005 were calculated in accordance with previous Australian Generally Accepted Accounting Principles.Net profit amounts for 2006 to 2009 were calculated in accordance with the Australian equivalents of International Financial ReportingStandards (A-IFRS) adopted by the Australian Accounting Standards Board.The table below provides the share price performance of the Company’s shares in the 2009 financial year and the previousfour financial years.Shareholder wealth 2009 2008 2007 2006 2005Period end share price (cents per share) 23 37 49 57 10Average share price for the year (cents per share) 29 64 54 40 7During the 2009 financial year, the Company’s daily closing share price traded in a range of 19 to 52 cents per share(2008: 35 to 89 cents per share).C Share-based compensation(i) OptionsEmployee options issued to Mr Lehany, Managing Director & CEO, were approved by shareholders at the ExtraordinaryGeneral Meeting held on 5 May 2009. All options were granted under the St Barbara Limited Employee Option Plan,which was approved by shareholders at the 2001 Annual General Meeting of shareholders. All full time employees areeligible to participate in the plan.Details on options over ordinary shares in the Company that were granted as compensation to each senior executive duringthe financial year and details of options that vested in the financial year are as follows:Fair valueper option at Exercise priceNumber of grant date per option Number ofoptions granted (cents per (cents per options vested2009 during 2009 Grant date share) share) Expiry date during 2009T J Lehany 1,508,099 6 May 2009 0.20 0.40 2 March 2014 –G Campbell-Cowan 1,207,160 6 May 2009 0.20 0.43 3 April 2014 –G Campbell-Cowan – – – – – 1,000,000R Kennedy 940,644 6 May 2009 0.20 0.43 3 April 2014 –A McArthur 738,870 6 May 2009 0.20 0.43 3 April 2014 –A McArthur – – – – – 250,000Note: The vesting date for options granted on 6 May 2009 is 30 June 2012.stbarbara.com.au – Annual Report 2009: 39