PDF 25 MB - Sun International | Investor Centre
PDF 25 MB - Sun International | Investor Centre
PDF 25 MB - Sun International | Investor Centre
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32. RELATED PARTY TRANSACTIONS<br />
Key management personnel have been defined as: <strong>Sun</strong> <strong>International</strong> Limited board of directors and<br />
<strong>Sun</strong> <strong>International</strong> Management Limited board of directors. The definition of key management<br />
includes the close members of family of key management personnel and any entity over which key<br />
management exercises control. Close members of family are those family members who may be<br />
expected to influence, or be influenced by that individual in their dealings with the group. They may<br />
include the individual’s domestic partner and children, the children of the individual’s domestic<br />
partner and dependants of the individual or the individual’s domestic partner.<br />
NOTES TO THE GROUP FINANCIAL STATEMENTS continued<br />
(i) Key management compensation<br />
Non-executive directors<br />
Fees 4 4<br />
Executive directors<br />
Basic remuneration 7 6<br />
Bonuses/performance related payments 1 5<br />
Retirement contributions 1 1<br />
Other benefits 1 –<br />
Fair value of options expensed 12 8<br />
2010<br />
Rm<br />
2009<br />
Rm<br />
22 20<br />
26 24<br />
Other key management<br />
Basic remuneration 20 19<br />
Bonuses/performance related payments 5 12<br />
Retirement contributions 4 3<br />
Other benefits 3 3<br />
Fair value of options expensed 15 11<br />
47 48<br />
Details of individual directors’ emoluments and share options are set out in the remuneration report commencing on page 127 of this report.<br />
Share based compensation granted<br />
Share option scheme<br />
All share options and grants were awarded to key management on the same terms and conditions as those offered to other employees<br />
of the group.<br />
Directors<br />
No share options were granted to the executive directors of the group during 2010 (2009: Nil). The number of share options held by<br />
executive directors at the end of the year was 396 <strong>25</strong>0 (2009: 446 <strong>25</strong>0).<br />
Other key management<br />
The number of share options held by other key management at the end of the year was 319 444 (2009: 679 846).<br />
Equity growth plan<br />
Directors<br />
The aggregate number of grants made to the executive directors of the group during 2010 was 57 846 (2009: 55 970) at a grant price<br />
of R84.12 (2009: R77.<strong>25</strong>). The number of grants held by executive directors of the group at the end of the year was 224 032 (2009:<br />
166 186).<br />
Other key management<br />
The aggregate number of grants made to the other key management of the group during 2010 was 115 991 (2009: 104 477) at a grant<br />
price of R84.12 (2009: R77.<strong>25</strong>). The number of grants held by other key management of the group at the end of the year was 462 853<br />
(2009: 316 420).<br />
185
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