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Notes to the Financial Statements

For the year ended 30 June 2009

2009

2008

2009

2008

$

$

$

$

  • 7.

    DIRECTORS’ AND EXECUTIVES’ DISCLOSURES

    • (a)

      Compensation of Key Management Personnel

Consolidated

Long-term

  • Long service leave

Share-based payment

3,339,786 2,804,113

Parent

1,750,295

2,049,331

125,000

969,441

93,086

, 105 816

, 74 358

21,370

Short-term

  • Salary/Fees

  • Cash bonus

  • Other (1)

492,864

462,338

Post employment

  • Superannuation

(2)

Opening

Granted as

Exercise

Net Other

Closing

Balance

Remuneration

Of Options

Change

Balance

  • (1)

    ‘Other’ includes the value of motor vehicle benefits. For the year ended 30 June 2009, ‘Other’ also includes a payment of $386,681 for accrued annual and long service leave, and a $500,000 payment on cessation of employment to a Key Management Employee who resigned on 1 December 2008.

  • (2)

    Payments to Defined Contribution Plans. Consist of Superannuation Guarantee Contribution payments as well as employee voluntary contributions. The Consolidated Entity does not contribute to any Defined Benefit Plans.

(b) Shareholdings of Key Management Personnel

The number of shares in the Company held during the financial year by each Director and other Key Management Personnel of the Consolidated Entity, including their personally related parties, are set out below. With the exception of shares granted to the Chief

Executive Officer discussed in note 7(e) below, there were no other shares granted as compensation during the reporting period.

Shares held in AVJennings Limited The net other change relates to shares issued under the Dividend Reinvestment Plan, the Rights Issue referred to in note 27 and

on-market acquisitions.

Shares held in AVJennings Limited (number)

6,888,873

137,370,023

6,352

149,534

150,000

150,000

(730,234)

6,314,991

137,669,557

130,481,150

143,182

730,234

131,354,566

35,132,977

130,481,150

38,553

143,182

18,751

730,234

35,190,281

131,354,566

95,348,173

104,629

711,483

96,164,285

For the year ended 30 June 2009 Directors S Cheong E Sam RJ Rowley LF Milkovits (1)

Total

For the year ended 30 June 2008 Directors S Cheong E Sam LF Milkovits

Total

(1) Resigned 1 December 2008.

46 AVJennings Limited ABN 44 004 327 771

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