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APN
annual report
2011
remuneration report
APN News & Media Limited and Controlled Entities
D: Remuneration outcomes for Senior Executives in 2011 (continued)
Details of remuneration of Senior Executives in 2011 (and comparatives)
Details of short-term and post-employment benefits of each Senior Executives (including the five receiving the highest emoluments) of the
consolidated entity are set out in the following table.
Short term benefits
Post Employment
benefits
Total
Cash salary
and fees
$
STI
$
Non-monetary
benefits
$
Superannuation
$
Termination
benefits
$
$
Brett Chenoweth
2011
1,484,513
–
81,350
15,487
–
1,581,350
2010
–
–
–
–
–
–
Peter Myers
2011
664,002
–
–
42,385
–
706,387
2010
662,819
250,000
–
43,568
–
956,387
Matt Crockett (from 21 March 2011)
2011
449,475
56,250
88,035
12,213
–
605,973
2010
–
–
–
–
–
–
Martin Simons
2011
747,270
–
126,881
–
–
874,151
2010
742,316
–
127,866
10,837
–
881,019
Warren Bright (from 16 May 2011)
2011
336,363
40,000
–
9,855
–
386,218
2010
–
–
–
–
–
–
Richard Herring
2011
651,229 320,000
22,475
29,771
–
1,023,475
2010
624,771
400,000
21,152
56,229
–
1,102,152
Rob Lourey (to 31 December 2011)
2011
440,000
–
–
60,000
258,198
758,198
2010
416,667
–
–
50,000
–
466,667
Brendan Hopkins (to 31 December 2010)
2011
–
–
–
–
–
–
2010
1,726,575
–
412,544
406,756
–
2,545,875
Warren Lee (to 5 April 2011)
2011
161,816
–
4,580
7,600 736,737
910,733
2010
529,529
–
10,795
14,461
–
554,785
Total 2011
4,934,667
416,250
323,321
177,311
994,935 6,846,484
Total 2010
4,702,677
650,000
572,357
581,851
– 6,506,885
In relation to share options held by Senior Executives, no cost has been recognised in profit or loss during the year as it is considered unlikely
that the awards will vest. In relation to the performance rights held by the Chief Executive Officer, a charge of $80,625 has been recognised
in profit of loss in relation to the TSR tranche. No cost has been recognised in relation to the EPS tranche as it is considered unlikely that the
awards will vest. Including this charge, Mr Chenoweth’s total cost to the company is $1,661,975 and the total cost to the Company of all Senior
Executives is $6,927,109.