| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
|
2007 |
Restated
2006 |
| 45. |
RELATED PARTY TRANSACTIONS, DIRECTORS’ EMOLUMENTS AND INTERESTS (continued) |
|
|
|
| 45.3 |
Transactions with key management personnel |
|
|
|
|
Interest of the directors in the share capital of the company is set out in the
directors' report. |
|
|
|
|
The key management personnel compensation, excluding the directors, are as follows: |
|
|
|
|
Salary |
|
16,0 |
14,0 |
|
Retirement fund contributions |
|
1,9 |
1,7 |
|
Allowances |
|
1,6 |
2,9 |
| |
Other benefits |
|
1,4 |
2,0 |
|
Total guaranteed remuneration |
|
20,9 |
20,6 |
|
Gain on exercise of share options |
|
12,2 |
8,9 |
|
Performance related |
|
8,9 |
9,1 |
|
|
|
|
|
| |
Total remuneration |
|
42,0 |
38,6 |
|
Directors’ emoluments |
|
Executive directors |
|
The remuneration of executive directors for the year ended 30 June 2007 was as follows: |
|
| |
Directors’
fees
R’000 |
Salary
R’000 |
Retirement
fund
contribution
R’000 |
Allowances
R’000 |
Other
benefits
R’000 |
Total
guranteed
remuneration
R’000 |
|
|
Performance
related*
R’000 |
|
Total
R’000 |
| 2007 |
|
|
|
|
|
|
|
|
| BC Bruce |
49 |
2 645 |
354 |
– |
452 |
3 500 |
5 500 |
9 000 |
| SJ Flanagan |
49 |
1 703 |
222 |
200 |
26 |
2 200 |
2 500 |
4 700 |
| N Jorek1 |
49 |
1 793 |
– |
– |
108 |
1 950 |
– |
1 950 |
| RW Rees |
49 |
1 939 |
210 |
– |
352 |
2 550 |
3 100 |
5 650 |
| KE Smith |
49 |
1 761 |
218 |
250 |
22 |
2 300 |
3 250 |
5 550 |
| TOTAL |
245 |
9 841 |
1 004 |
450 |
960 |
12 500 |
14 350 |
26 850 |
| 2006 |
|
|
|
|
|
|
|
|
| BC Bruce |
49 |
2 578 |
332 |
– |
426 |
3 385 |
4 000 |
7 385 |
| SJ Flanagan |
49 |
1 424 |
197 |
200 |
30 |
1 900 |
1 700 |
3 600 |
| N Jorek1 |
49 |
1 617 |
– |
– |
149 |
1 815 |
925 |
2 740 |
| RW Rees |
49 |
1 617 |
194 |
– |
390 |
2 250 |
2 300 |
4 550 |
| KE Smith |
49 |
1 485 |
199 |
292 |
26 |
2 051 |
3 000 |
5 051 |
| TOTAL |
245 |
8 721 |
922 |
492 |
1 021 |
11 401 |
11 925 |
23 326 |
| 1 |
Resigned as a director 29 August 2007. |
| * |
Performance bonuses are accounted for on an accrual basis, to match the amount payable to the applicable financial year end. |
|
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| |
| |
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