AnnuAl REPORT 2011-2012 - Sbs

NOTES TO THE FINANCIAL STATEMENTS
16(b) Average annual reportable remuneration paid to substantive senior executives during the reporting
period (cont.)
Notes:
1 This table (on the previous page) reports substantive senior executives who received remuneration during the reporting period, and
is reported on a cash basis. Each row is an averaged figure based on headcount for individuals in the band.
2 ‘Reportable salary’ includes the following: a) gross payments (less any bonuses paid, which are separated out and disclosed in the
‘bonus paid’ column); b) reportable fringe benefits (at the net amount prior to ‘grossing up’ to account for tax benefits); and c) exempt
foreign employment income.
3 The ‘contributed superannuation’ amount is the average actual superannuation contributions paid to senior executives in that
reportable remuneration band during the reporting period, including any salary sacrificed amounts, as per the individuals’ payslips.
4 ‘Reportable allowances’ are the average actual allowances paid as per the ‘total allowances’ line on individuals’ payment summaries.
5 ‘Bonus paid’ represents average actual bonuses paid during the reporting period in that reportable remuneration band. The ‘bonus
paid’ within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving
the entity during the financial year.
6 Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense
payment fringe benefits. Salary sacrifice benefits are reported in the ‘reportable salary’ column, excluding salary sacrificed
superannuation, which is reported in the ‘contributed superannuation’ column.
16(c) Other employees whose salary (including performance bonus) was more than $150,000
2012
COnSOlIDAteD
AVeRAGe ANNUAL
RePoRtABLe
ReMUNeRAtIoN 1
total remuneration
(incl. part-time
arrangements)
stAFF
NUMBeR
RePoRtABLe
sALARY 2
$
CoNtRIBUteD
sUPeR-
ANNUAtIoN 3
$
RePoRtABLe
ALLoWANCes 4
$
BoNUs PAID 5
$
totAL
$
$150,000 – $179,999 31 132,906 25,306 53 5,085 163,350
$180,000 – $209,999 19 166,643 20,139 82 9,280 196,144
$210,000 – $239,999 6 173,737 36,593 4 17,849 228,183
$240,000 – $269,999 6 201,662 29,829 – 25,840 257,331
$270,000 – $299,999 1 219,832 19,785 – 34,500 274,117
$300,000 – $329,999 3 232,711 46,991 – 40,015 319,717
$390,000 – $419,999 1 344,451 71,670 – – 416,121
total 67
The above table includes three employees from the Corporation’s controlled entity, STV Ltd.
114 SBS