IGO Interactive Annual Report 2018

DIRECTORS’ REPORT—REMUNERATION REPORT 30 JUNE 2018 The following table shows details of the remuneration expense recognised for the Group’s Executive management personnel for the current and previous financial year measured in accordance with the requirements of the Accounting Standards. Name Year Cash salary and fees 1 Cash bonus 2 Super- annuation Long service leave 3 Share rights 4 Total Performance Related $ $ $ $ $ $ % Executive Directors Peter Bradford 2018 768,158 182,000 25,000 22,113 595,593 1,592,864 49 2017 788,668 175,000 35,000 18,395 378,464 1,395,527 40 Other key management personnel Keith Ashby 2018 332,682  39,078 25,000  8,092  80,028  484,880  25  2017 308,520  37,000  34,180  4,838  18,105  402,643  14  Rob Dennis 5 2018 406,077  -  20,833  (23,779) 209,694  612,825  34  2017 499,253  72,000  35,000  11,060  69,966  687,279  21  Matt Dusci 2018 486,057  79,750  25,000  15,123  184,288  790,218  33  2017 400,344  130,500  30,000  7,633  101,134  669,611  35  Andrew Eddowes 6 2018 135,362  41,154  10,417  3,495  27,180  217,608  31  2017 -  -  -  -  -  -  - Joanne McDonald 7 2017 262,617  34,247  27,546  2,625  12,370  339,405  14  Sam Retallack 2018 335,173  38,343 25,000  13,392  80,028  491,936  24  2017 306,173  37,000  34,180  9,161  28,573  415,087  16  Ian Sandl 8 2018 150,163  34,830 12,506  515  5,820  203,834  22  2017 -  -  -  -  -  -  - Scott Steinkrug 2018 428,457  70,425  25,000  23,082  174,412  721,376  34  2017 402,699  66,000  35,000  16,484  101,134  621,317 27  Total executive directors and other KMPs 2018 3,042,129 485,580 168,756 62,033 1,357,043 5,115,541 2017 2,968,274 551,747 230,906 70,196 709,746 4,530,869 Total NED remuneration (see page 55) 2018 808,220 - 76,780 - - 885,000 2017 758,407 - 72,048 - - 830,455 Total KMP remuneration expensed 2018 3,850,349 485,580 245,536 62,033 1,357,043 6,000,541 2017 3,726,681 551,747 302,954 70,196 709,746 5,361,324 1. Cash salary and fees includes movements in annual leave provision during the year. 2. Cash bonus represents bonuses that were awarded to each KMP in relation to FY18 performance and will be paid in September 2018 (2017: Related to FY17 performance and paid in September 2017). Cash bonus excludes superannuation contribution component of STI which is shown in Post-employment benefits. 3. Long service leave relates to movements in long service leave provision during the year. 4. Rights to shares granted under the EIP are expensed over the performance period, which includes the vesting period of the rights, in accordance with AASB2 Share-based Payment . Refer to note 26 for details of the valuation techniques used for the EIP. 5. Mr. Dennis was appointed Chief Transformation Officer on 1 February 2018, prior to that he was Chief Operating Officer. Mr. Dennis resigned effective 30 April 2018. An amount of $91,270 accrued for annual leave was paid out on termination, this amount has been offset against the movement in the provision for the 2018 financial year. 6. Mr. Eddowes was appointed to the Executive Committee on 1 February 2018. Remuneration has been included from the date of his appointment as a KMP. 7. Ms. McDonald ceased as a KMP as at 30 June 2017. 8. Mr. Sandl commenced employment with the Company on 4 September 2017 and was appointed to the Executive Committee on 1 February 2018. Remuneration has been included from the date of his appointment as a KMP and his STI is a pro-rata entitlement based on his commencement date with the Company. IGO ANNUAL REPORT 2018— 59