Analysis of Short-term incentives

6.5 Remuneration Received(Non-statutory)
Remuneration received in FY20
The amounts disclosed below as Senior Executive remuneration for FY20 reflect the actual benefits received by each Senior
Executive during the reporting period. The remuneration values disclosed have been determined as follows:
Fixed remuneration
Fixed remuneration includes base salaries received, paid leave, payments made to superannuation funds, and the taxable
value of non-monetary benefits received, and excludes any accruals of annual or long service leave.
Short-term incentives
Cash STI represents bonuses that were awarded to each Senior Executive in relation to FY20 performance, which will be
paid in FY21. Starting from FY18, 50% of the STI bonuses awarded are deferred for 12 months, with employees being able
to elect whether the award will be delivered incash or equity.
Long term incentives
The value of vested rights was determined based on the intrinsic value of the rights at the date of vesting, being the difference
between the share price on that date, and the exercise price payable by the Senior Executive. The performance rights that
vested in FY20 were granted in 2017.
Name Fixed
Awarded STI
Vested LTI Total Value
Craig Scroggie 1,321,792 495,000 1,377,915 3,194,707
Simon Cooper 491,792 183,750 516,719 1,192,261
Oskar Tomaszewski 470,000 176,250 493,754 1,140,004
Adam Scully* 292,473 109,836 430,598 832,907
David Dzienciol 470,000 176,250 459,307 1,105,557
Total 3,046,057 1,141,086 3,278,293 7,465,436
*Ceased as KMP on 24 March 2020
The amounts disclosed above are not the same as the remuneration expensed in relation to each KMP in accordance with
accounting standards. The Directors believe that the remuneration received is more relevant to users for the following reasons:
 The statutory remuneration expensed is based on historic cost and does not reflect the value of the equity instruments
when they are actually received by the SeniorExecutives
 The statutory remuneration shows benefits before they are actually received by the Senior Executives
 Where rights do not vest because a market-based performance condition is not satisfied (eg. TSR), the company must
still recognise the full amount of expenses even though the Senior Executives will never receive any benefits
 Share based payment awards are treated differently under the accounting standards depending on whether the
performance conditions are market conditions (no reversal of expense) or non-market conditions (reversal of expense
when shares fail to vest), even though the benefit received by the Senior Executives is the same (nil where equity
instruments fail to vest).
The information in this section has been audited together with the rest of the remuneration report.

Don't use plagiarized sources. Get Your Custom Essay on
Analysis of Short-term incentives
Just from $9/Page
Order Essay
Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Open chat
You can contact our live agent via WhatsApp! Via +1 817 953 0426

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code STARS