21
FLEXIGROUP LIMITED FINANCIAL REPORT 2011
B. Details of remuneration
Amounts of remuneration
Details of the remuneration of the Directors and the Key Management Personnel (as defned in Australian Accounting
Standards Board (“AASB”) 124
Related Party Disclosures
) of FlexiGroup Limited and its subsidiaries are set out in the
following tables. The cash bonuses are dependent on the satisfaction of performance conditions as set out in the section
headed
Short-term performance incentives
above.
The Key Management Personnel of FlexiGroup Limited are the Directors and certain executives that report directly to the
Chief Executive Ofcer. This includes the fve FlexiGroup executives who received the highest remuneration for the year
ended 30 June 2011.
The following amounts were paid to the Key Management Personnel during the 2011 year as part of their ongoing
remuneration:
Post-
Short-term employment Long-term Share-based
2011
employee benefts
benefts
benefts
payments
Options,
performance
Long
rights and
Cash salary
Cash
Super-
service
deferred
and fees
bonus
annuation
leave
shares
Total
Name
$
$
$
$
$
$
Non-Executive Directors of FlexiGroup Limited
M Jackson (Chairman)
150,000
–
13,500
–
–
163,500
A Abercrombie
130,000
–
11,700
–
–
141,700
R Dhawan
90,000
–
8,100
–
– 98,100
R J Skippen
90,000
–
8,100
–
– 98,100
Executives of FlexiGroup
J DeLano
Director and Chief Executive Ofcer
504,587 687,000 45,413
15,866 508,932* 1,761,798
G McLennan
Chief Financial Ofcer
368,174 202,798 30,055
2,835
104,713 708,575
D Klotz
Head of Operations
399,406
112,554
18,474
2,440
113,380 646,254
P Laughton
Chief Information Ofcer
433,951 66,048
21,256
4,096
78,901 604,252
N Roberts
Head of National Sales
334,038 94,631
21,212
7,578
114,867 572,326
2,500,156 1,163,031
177,810 32,815 920,793 4,794,605
* In addition to the above there is a share-based payments expense arising from options issued to J DeLano of $270,360 by the former
shareholders of Flexirent Holdings Pty Limited. Refer to page 25 for further details of this arrangement.