070917_KPGHL_Annual Report 2017_final_PREVIEW

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Directors' Report | 30 June 2017 Details of remuneration continued Short-term benefits Postemployment benefits Paid absence Share based payments Cash salary and fees Cash bonus Annual/ Long service leave Nonmonetary Superannuation Equitysettled shares Total 2017 $ $ $ $ $ $ $ Non-Executive Directors: Stephen Rouvray (iii) 4,566 - - 434 - - 5,000 Ryan Macnamee (iii) 4,566 - - 434 - - 5,000 Executive Directors: Brett Kelly (ii) 44,075 - 41,597 4,187 6,782 - 96,641 Pauline Michelakis (i) 280,860 75,000 - 19,616 18,561 151,186 545,223 Paul Kuchta (iv) - - - - - - - 334,067 75,000 41,597 24,671 25,343 151,186 651,864 (i) Represents remuneration for the full financial year (ii) Cash salary and fees represents remuneration from 16 May 2017, the date of appointment as CEO. The director did not previously draw a salary. (iii) Represents remuneration from the date of appointment (iv) Refer to Service Agreements on page 69 The proportion of remuneration linked to performance and the fixed proportion are as follows Name Fixed Remuneration At risk – STI At risk - LTI 2017 2017 2017 $ $ $ Non-Executive Directors: Stephen Rouvray 100% - - Ryan Macnamee 100% - - Executive Directors: Brett Kelly 100% - - Pauline Michelakis 100% - - Paul Kuchta (1) - - - (1) Refer to service agreement on page 69 68 KELLY+PARTNERS ANNUAL REPORT 2017
Directors' Report | 30 June 2017 Service agreements Remuneration and other terms of employment for key management personnel are formalised in service agreements. Details of these agreements are as follows: Name: Title: Brett Kelly Chairman, Chief Executive Officer, Executive Director Agreement commenced: 16 May 2017 Term of agreement: No fixed period Details: Base salary for the year ending 30 June 2018 of $360,000 inclusive of superannuation, to be reviewed annually by the Nomination and Remuneration Committee. 12 month termination notice by either party, non-solicitation and non-compete clauses. Name: Stephen Rouvray Title: Deputy Chairman, Independent, Non-Executive Director Agreement commenced: 2 May 2017 Term of agreement: No fixed period Details: Director fees for the year ending 30 June 2018 of $30,000 inclusive of superannuation, to be reviewed annually by the Nomination and Remuneration Committee. Directors' Report Name: Title: Ryan Macnamee Independent, Non-Executive Director Agreement commenced: 2 May 2017 Term of agreement: Details: Name: Title: No fixed period Director fees for the year ending 30 June 2018 of $30,000 inclusive of superannuation, to be reviewed annually by the Nomination and Remuneration Committee. Pauline Michelakis Chief Financial Officer, Executive Director Agreement commenced: 16 May 2017 Term of agreement: Details: Name: Title: Agreement commenced: Term of agreement: Details: No fixed period Base salary for the year ending 30 June 2018 of $325,000 inclusive of superannuation, to be reviewed annually by the Nomination and Remuneration Committee. 6 month termination notice by either party, non-solicitation and non-compete clauses. Paul Kuchta Executive Director Not applicable Not applicable Paul Kuchta as an Operating Business Owner in the Kelly Partners Norwest Partnership receives a base distribution plus a distribution of profits from that Operating Business in accordance with the terms of the Partnership Agreement. Share-based compensation Issue of shares Details of shares issued to directors and other key management personnel as part of compensation during the year ended 30 June 2017 are set out below: Name Date Shares Issue price $ Pauline Michelakis 16 May 2017 151,186 $1.00 151,186 69
Page 1 and 2:
Annual Report 2017
Page 3 and 4:
Insight 4 It’s not the latest man
Page 5:
Mission To help private business ow
Page 9:
Message from the Chairman & CEO
Page 13:
Strategic Intent
Page 17 and 18: Performance Highlights
Page 19 and 20: Underlying Pro forma FY17 NPATA* at
Page 21: Services Accounting, Taxation, Audi
Page 24 and 25: Global tax megatrends Management be
Page 26 and 27: The Australian accounting and tax m
Page 28 and 29: Kelly+Partners is a single-brand ow
Page 30 and 31: Kelly+Partners Operating Businesses
Page 32 and 33: Strategy Kelly+Partners has seven s
Page 34 and 35: Pressure points for smaller account
Page 36 and 37: Key Elements of the Business Model
Page 38 and 39: Client base Kelly+Partners’ prima
Page 40 and 41: Target Geographic Locations in Grea
Page 43 and 44: Kelly+Partners Network
Page 45: SOUTH WEST SYDNEY NORWEST CENTRAL T
Page 48 and 49: Community engagement and corporate
Page 51 and 52: Board of Directors and Senior Manag
Page 53 and 54: Director details Pauline Michelakis
Page 55 and 56: 2017 Financial Report
Page 57: Contents CORPORATE DIRECTORY 59 DIR
Page 60 and 61: Kelly Partners Group Holdings Limit
Page 62 and 63: Directors' Report | 30 June 2017 Si
Page 64 and 65: Directors' Report | 30 June 2017 In
Page 66 and 67: Directors' Report | 30 June 2017 Co
Page 70 and 71: Directors' Report | 30 June 2017 Ad
Page 72 and 73: 72 KELLY+PARTNERS ANNUAL REPORT 201
Page 74 and 75: Consolidated Statement of Financial
Page 76 and 77: Consolidated Statement of Cash Flow
Page 78 and 79: Notes to the Financial Statements |
Page 108 and 109: Deloitte Touche Tohmatsu ABN 74 490
Page 110 and 111: In connection with our audit of the
Page 112 and 113: Additional Information for Listed P
Page 114 and 115: Brett Kelly Scott Elwin Craig Bullo
Page 116 and 117: Private Businesses Family Business
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070917_KPGHL_Annual Report 2017_final_PREVIEW

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