Annual Report 2017-18 | Monash Health

Notes to the Financial Statements
Monash Health Annual Report 2017/2018
Note 8.4: Remuneration of executives
Executive Officers' Remuneration
The number of executive officers, other than Ministers and Accountable Officers, and their total
remuneration during the reporting period are shown in the table below. Total annualised employee
equivalent provides a measure of full time equivalent executive officers over the reporting period.
Remuneration comprises employee benefits in all forms of consideration paid, payable or provided in
exchange for services rendered, and is disclosed in the following categories:
Short-term Employee Benefits
Salary and wages, annual leave or sick leave that are usually paid or payable on a regular basis, as well as
non-monetary benefits such as allowances and free or subsidised goods or services.
Post-employment Benefits
Pensions and other retirement benefits paid or payable on a discrete basis when employment has ceased.
Other Long-term Benefits
Long service leave, other long-service benefit or deferred compensation.
Remuneration of executive officers
Parent
Total Remuneration
2018 2017
$ '000 $ '000
Short-term benefits 2,351 2,173
Post-employment benefits 213 202
Other Long-term benefits 74 45
Total remuneration 2,638 2,420
Total number of executives 9 12
Total annualised employee equivalent i 9 8
Remuneration of Kitaya Holding Pty Ltd's executive officers is disclosed in the company's financial
statements.
(i) Annualised employee equivalent is based on working 38 ordinary hours per week over the reporting period.
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