Page 27 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 25

2.5 SLT remuneration disclosures in detail

This section provides full details of total remuneration for the SLT for 2011 and 2010, as required under the provisions of the

Corporations Act 2001 .

The table below includes LTI amounts which did not deliver value during 2011 to the SLT members in offce at 30 June 2011. The ‘share‑based payment’ amount refects the amount required to be expensed in accordance with Accounting Standards. The fair value of equity‑settled performance rights is determined at grant date and amortised over the vesting period. The fair value of cash‑settled performance rights is remeasured at year end, with changes in fair value recognised as an expense. The values realised in subsequent years may differ to the accounting expense reported below, depending on the extent to which the performance hurdles are met.

Details of remuneration for SLT members (calculated in accordance with applicable Accounting Standards) are set out in the table below.

Remuneration of SLT members for the year ended 30 June 2011

SHORT–TERM BENEFITS

POST-EMPLOY-MENT

BENEFITS LONG-TERM BENEFITS

TERMI-NATION BENEFITS  5

$'000

TOTAL EXCLUDING SHARE-BASED PAYMENTS $'000

SALARY AND FEES $'000

STI $'000

NON-MONETARY BENEFITS  1

$'000

OTHER  2

$'000

SUPER-ANNUATION BENEFITS $'000

DEFERRED STI  3

$'000

OTHER  4

$'000

2011

Executive director

Patrick Snowball 2,183 990 43 153 9 607 – – 3,985

Senior Executives

Anthony Day 656 455 2 11 16 245 – – 1,385

Gary Dransfeld 6

(from 23 May 2011)

62 39 1 8 – 21 – – 131

David Foster 716 504 1 25 25 271 18 – 1,560

Mark Milliner 760 556 2 (17) 16 299 21 – 1,637

John Nesbitt 812 611 3 20 19 329 – – 1,794

Amanda Revis (from 16 August 2010)

458 387 2 20 15 208 – – 1,090

Jeff Smith 750 614 3 46 26 331 – – 1,770

Robert Stribling 552 436 3 3 50 235 – – 1,279

Geoff Summerhayes 624 455 3 (1) 51 245 – – 1,377

Former Senior Executives

Roger Bell 7 (to 22 May 2011)

607 337 12 276 774 181 – 1,318 3,505

Dharma Chandran 8 (to 15 August 2010)

152 – – – – – – – 152