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Notes to the Financial Statements

For the year ended 30 June 2009

  • 7.

    DIRECTORS’ AND EXECUTIVES’ DISCLOSURES (continued)

    • (b)

      Shareholdings of Key Management Personnel (continued)

No other Key Management Personnel held shares in AVJennings Limited at any time during the year.

All equity transactions with Key Management Personnel have been entered into under terms and conditions no more favourable than those the Company would have adopted if dealing at arm’s length.

(c) Compensation options: granted and vested during the year

No options were granted or exercised during the year. There are currently no unexercised or outstanding options. None of the Directors or other Key Management Personnel hold any options.

(d) Loans to Key Management Personnel

There are currently no outstanding loans due from Key Management Personnel. No loans were made to Key Management Personnel during the year.

(e) Other transactions with Key Management Personnel Share-based payment transaction

The Chief Executive Officer has been granted 1 million shares in AVJennings Limited which will vest in equal portions on the first, second and third anniversary of his appointment. The grant date is 7 March 2009 and the first vesting date is 19 February 2010. These shares are currently held by the AVJ Deferred Employee Share Plan Trust. Please refer to note 2(p), note 27(b) and note 34.

2009

2008

2009

2008

$

$

$

$

8. AUDITOR’S REMUNERATION

Consolidated

Parent

303,000

274,000

4,500

8,000

Amounts received or due and receivable by Ernst & Young (Australia) for: The audit or review of the 30 June 2009 full-year and 31 December 2008 interim financial reports of the Parent Entity and other entities in the Consolidated Entity

  • Share of audit or review costs of the financial

reports of the Consolidated Entity’s joint ventures

10,000

2,060

23,175

12,300

  • Other services in relation to the Parent Entity and any other entity in the Consolidated Entity

    • audit related fees

    • non-audit related fees

Total auditor’s remuneration

340,675

296,360

Audit fees of the Parent are paid by a related entity.

AVJennings Limited ABN 44 004 327 771 47

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