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2011 - Li & Fung Limited

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NOTES TO THE ACCOUNTS (CONTINUED)<br />

11 DIRECTORS’ AND SENIOR MANAGEMENT’S EMOLUMENTS (CONTINUED)<br />

(b) FIVE HIGHEST PAID INDIVIDUALS<br />

The five individuals whose emoluments were the highest in the Group for the year include two (2010: two) directors whose emoluments<br />

are reflected in the analysis presented above. The emoluments payable to the remaining three individuals (2010: three) during the year<br />

are as follows:<br />

104 LI & FUNG LIMITED | ANNUAL REPORT <strong>2011</strong><br />

<strong>2011</strong> 2010<br />

US$’000 US$’000<br />

Basic salaries, housing allowances, other allowances and benefits-in-kind 4,053 2,405<br />

Discretionary bonuses 5,951 4,238<br />

Contributions to pension scheme 27 4<br />

10,031 6,647<br />

Number of individuals<br />

Emolument bands <strong>2011</strong> 2010<br />

US$1,858,974 – US$1,923,077 (equivalent to HK$14,500,001 – HK$15,000,000) – 1<br />

US$2,051,282 – US$2,115,385 (equivalent to HK$16,000,001 – HK$16,500,000) – 1<br />

US$2,500,000 – US$2,564,103 (equivalent to HK$19,500,001 – HK$20,000,000) 1 –<br />

US$2,628,205 – US$2,692,308 (equivalent to HK$20,500,001 – HK$21,000,000) – 1<br />

US$3,461,539 – US$3,525,641 (equivalent to HK$27,000,001 – HK$27,500,000) 1 –<br />

US$3,974,359 – US$4,038,462 (equivalent to HK$31,000,001 – HK$31,500,000) 1 –<br />

There is no amount paid or payable to the directors as inducement to join the Group and compensation for loss of office as directors.

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