35
CIMIC Group Limited Annual Report 2016 |
Remuneration Report
LONG-TERM EMPLOYEE BENEFITS
TOTAL PAYMENTS
AND ACCRUALS
(A$)
PERCENTAGE OF
BONUSES (%)
(g)
PERCENTAGE OF
SHARE-BASED
INCENTIVE (%)
(h)
SARs fair value
(A$)
(f)
Share rights fair
value (LTI and STI
deferral) (A$)
(f)
Options fair
value (A$)
(f)
13,712,646
-
-
17,246,667
17.4
-
3,272,618
-
-
3,817,540
-
-
-
182,236
181,952
3,247,654
50.2
11.2
-
344,736
31,320
2,722,690
49.6
13.8
-
167,849
132,674
2,656,224
50.8
11.3
-
167,849
22,837
1,622,405
69.3
11.8
(a) Amounts for the 2016 Financial Year represent cash STI payments to the Senior Executives for the 2016 Financial Year to be paid in April 2017.
(b) For Mr Fernández Verdes, this amount pertains to the special bonus payment approved by the Board on 3 December 2016. Neither Mr Valderas nor
Mr Fernández Verdes participated in this Board meeting.
(c) This payment was awarded for his significant contribution and exceptional performance as CFO of CIMIC, and Chief Development Officer and
Managing Director of Pacific Partnerships to be paid in April 2017.
(d) Non-monetary benefits included such items as fringe benefits and other salary-sacrificed benefits as agreed from time to time. For Mr Fernández
Verdes, this amount pertains to transport benefits considered necessary by the Company in the execution of his duties.
(e) For Mr Fernández Verdes, the 2016 and 2015 Financial Year amounts pertain to the fixed allowance amount approved for 2016 and 2015
(respectively).
(f) In accordance with the requirements of the Australian Accounting Standards, remuneration includes a proportion of the fair value of equity
compensation granted or outstanding during the 2016 Financial Year. The fair value of equity instruments is determined as at the grant date and is
progressively allocated over the vesting period. The amount included as remuneration is not related to or indicative of the benefit (if any) that Senior
Executives may ultimately realise should the equity instruments vest. The fair value of equities at the date of their grant has been determined in
accordance with AASB 2.
(g) The percentage calculation is based on the sum of any cash bonus (STI and/or special bonus) amounts in the 2016 Financial Year as a percentage of
total payments and accruals.
(h) The percentage of each Senior Executive’s remuneration for the 2016 Financial Year that consisted of equity as a percentage of total payments and
accruals.
35
CIMIC Group Limited Annual Report 2016 |
Remuneration Report
LONG-TERM EMPLOYEE BENEFITS
TOTAL P YMENT
AND ACCRU LS
(A$)
PERCENTAGE OF
BONUSES (%)
(g)
PERCENTAGE OF
SHARE-BASED
INCENTIVE (%)
(h)
SARs fair value
(A$)
(f)
Share rights fair
valu (LTI and STI
deferral) (A$)
(f)
Options fair
value (A$)
(f)
1 71 46
-
17 246 667
17.4
-
3,272,618
-
-
3,817,540
-
-
182,2
18 ,952
3,247, 54
50 2
1.2
-
344,736
31,320
2,722,690
49.6
13.8
-
,
13 ,674
2, 56,224
50.8
.3
-
167,849
22,837
1,622,405
69.3
1.8
(a) Amounts for the 2016 Financial Year represent cash STI payments to the Senior Executives for the 2016 Financial Year to be paid in April 2017.
(b) For Mr Fernández Verdes, this amount pertains to the special bonus payment approved by the Board on 3 December 2016. Neither Mr Valderas nor
Mr Fernández Verdes participated in this Board meeting.
(c) This payment was awarded for his significant contribution and exceptional performance as CFO of CIMIC, and Chief Development Officer and
Managing Director of Pacific Partnerships to be paid in April 2017.
(d) Non-monetary benefits included such items as fringe benefits and other salary-sacrificed benefits as agreed from time to time. For Mr Fernández
Verdes, this amount pertains to transport benefits considered necessary by the Company in the execution of his duties.
(e) For Mr Fernández Verdes, the 2016 and 2015 Financial Year amounts pertain to the fixed allowance amount approved for 2016 and 2015
(respectively).
(f) In accordance with the requirements of the Australian Accounting Standards, remuneration includes a proportion of the fair value of equity
compensation granted or outstanding during the 2016 Financial Year. The fair value of equity instruments is determined as at the grant date and is
progressively allocated over the vesting period. The amount included as remuneration is not related to or indicative of the benefit (if any) that Senior
Executives may ultimately realise should the equity instruments vest. The fair value of equities at the date of their grant has been determined in
accordance with AASB 2.
(g) The percentage calculation is based on the sum of any cash bonus (STI and/or special bonus) amounts in the 2016 Financial Year as a percentage of
total payments and accruals.
(h) The percentage of each Senior Executive’s remuneration for the 2016 Financial Year that consisted of equity as a percentage of total payments and
accruals.
35
CI IC roup Li ited Annual Report 2016 |
Re uneration Report
L -
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a)
ounts for th 2016 Financial Year represe t cash STI pay ents to the Senior Executives for the 2016 Finan ial Year to be paid in pril 2017.
(b) Fo r Fernánd z erdes, this a ount pertains to the special bonus pay ent approved by the oard on 3 ece ber 2016. either r alderas nor
r Fernández erdes participated in this oard eeting.
(c) This pay ent as a arded for his significant contribution and exceptional perfor ance as F of I I , and hief evelop ent fficer and
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(d)
on- onetary benefits included such ite s as fringe ben fits and other salary-sacrificed benefits as agreed fro ti e to ti e. For r Fernández
erdes, this a ount pertains to transport benefits onside ed neces ary by the o pany in the ex cution of his duties.
(e) For r Fernández erdes, the 2016 and 2015 Financial Year a ounts pertain to the fixed allo ance a ount approved for 2016 and 2015
(respectively).
(f) In accord nce ith he require ents of the ustralian ccounting Standards, re uneration includes a proportion of the fair value of equity
co p nsation gran ed or ou standing during the 2016 Financia Year. The fair value of equity ins ru ents s eter ined as at the grant da e and is
progressively allocated over the vesting period. The a o nt i cluded as re unerati n is not related to or indicative of the ben fit (if any) that Senior
Executives ay ulti ately realise should the equity instru ents vest. The fair value of equities at the date of their grant has been deter ined in
accordance ith
S 2.
(g) The percentage calculation is based on the su of any cash bonus (STI and/or special bonus) a ounts in the 2016 Financial Year as a percentage of
total pay ents and ccruals.
(h) The percentage of each Senior Executive’s re uneration for the 2016 Financial Year that consisted of equity as a percentage of total pay ents and
accruals.
