F. EXECUTIVE REMUNERATION OUTCOMES IN DETAIL
I. Total remuneration for Executives
Statutory remuneration details for the Group CEO and the Executive team required by the Accounting Standards are set out below:
TABLE 9 - STATUTORY REMUNERATION DETAILS (EXECUTIVES)
SHORT TERM EMPLOYMENT
BENEFITS
POST
EMPLOY-
MENT
BENEFITS
OTHER
LONG TERM
EMPLOY-
MENT
BENEFITS SUB-TOTAL SHARE BASED PAYMENT
TOTAL
AT-RISK
REMUN-
ERATION
PORTION
PAID
Base
salary
Short term
incentive
Leave
accruals
and other
benefits
Superan-
nuation
Long
service
leave
accruals
Value of
deferred
short term
incentive
Value of
rights
granted
$000 $000 $000
$000
$000
$000
$000
$000 $000
%
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
EXECUTIVES
Michael Wilkins
2015
2,093 1,314
188
19
44
3,658
898 2,525 7,081
67
2014
2,059 1,796
209
18
44
4,126
844 2,504 7,474
69
Ben Bessell
2015
116
65
(10)
7
3
181
-
-
181
36
Duncan Brain
(11)
2015
886
469
243
35
20
1,653
167
534 2,354
50
2014
660
347
282
19
96
1,404
148
326 1,878
44
Andy Cornish
(12)
2015
1,017
602
73
35
20
1,747
307 1,048 3,102
63
2014
854
487
(71)
25
17
1,312
334 1,018 2,664
69
Peter Harmer
2015
977
473
(37)
35
14
1,462
341 1,032 2,835
65
2014
970
704
(35)
25
9
1,673
287
986 2,946
67
Alex Harrison
(11)
2015
819
611
29
30
22
1,511
144
308 1,963
54
2014
212
125
(3)
6
2
342
-
-
342
37
Nicholas Hawkins
2015
982
603
68
30
(12)
1,671
353 1,007 3,031
65
2014
970
731
23
25
(34)
1,715
320
976 3,011
67
Jacki Johnson
(13)
2015
1,096
418
(50)
-
7
1,471
287
940 2,698
61
2014
1,048
565
6
-
31
1,650
271
889 2,810
61
Leona Murphy
2015
880
505
20
30
18
1,453
298
907 2,658
64
2014
870
569
(5)
25
18
1,477
283
880 2,640
66
Clayton Whipp
2015
720
341
29
35
35
1,160
138
208 1,506
46
EXECUTIVES WHO CEASED AS KEY MANAGEMENT PERSONNEL
Justin Breheny
2015
678
546
177
24
28
1,453
307
927 2,687
66
2014
890
579
173
25
20
1,687
309
903 2,899
62
TABLE NOTE
(1)
Base salary includes amounts paid in cash plus the portion of the Company’s superannuation contribution that is paid as cash instead of being paid into superannuation
plus salary sacrifice items such as cars and parking, as determined in accordance with AASB 119 Employee Benefits.
(2)
STI represents the amount to be settled in cash in relation to the financial year from 1 July to 30 June.
(3)
This column includes leave accruals, 30% tax rebate on car allowances for certain KMP who have salary sacrifice arrangements on cars and other short term employment
benefits as agreed and provided under specific conditions. Other benefits provided under specific conditions for various KMP are provided below:
2015:
Duncan Brain: $269,929 for accommodation allowances, airfares for home visits and other benefits. This amount is partially offset by a negative annual leave
accrual; and
Justin Breheny: $126,099 for accommodation allowances and the interest that would have accrued on the interest free loan and the applicable FBT (for further
details, see Section J Related party interests).
2014:
Duncan Brain: $163,758 for accommodation allowances, airfares for home visits and other benefits;
Justin Breheny: $133,846 for other benefits, accommodation, health insurance, tax compliance, airfares for home visits and the value of interest that would have
accrued on the interest free loan (for further details, see Section J Related party interests); and
Jacki Johnson: $18,325 (NZ$20,252) for accommodation allowances and other benefits.
28 IAG ANNUAL REPORT 2015
