Qantas 2007 Annual Report Download - page 113

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111Qantas |Annual Report 2007
Notes to the Financial Statements
for the year ended 30 June 2007
Equity holdings and transactions
The movement during the year in the number of Qantas shares held directly, indirectly or beneficially, by KMP, including their related parties,
is as follows:
Key Management Personnel Interest in Shares
as at 30 June 2006
Awarded as
Remuneration1 Rights/Entitlements
Converted to Shares Other Change2Interest in Shares
as at 30 June 2007
Margaret Jackson 147,338 – – – 147,338
Geoff Dixon 1,168,321 142,500 125,000 307,000 1,742,821
Peter Gregg 523,363 485,500 96,666 (200,000) 905,529
Paul Anderson 25,000 – – – 25,000
Mike Codd 12,990 – – 418 13,408
Peter Cosgrove 2,057 – – 67 2,124
Patricia Cross 2,163 – – – 2,163
Garry Hounsell 32,756 – – 1,055 33,811
James Packer 51,444 – – 1,657 53,101
John Schubert 34,753 – – – 34,753
James Strong 39,775 – – 1,281 41,056
John Borghetti 264,338 485,500 40,000 (272,092) 517,746
Kevin Brown 162,491 388,000 30,000 (157,491) 423,000
David Cox 145,241 382,000 20,000 (45,000) 502,241
Grant Fenn 149,700 388,000 168,183 (300,383) 405,500
Alan Joyce 137,383 384,000 20,000 – 541,383
See details of the PSP and RP on page 108 in this Note.
Other change includes shares acquired through the DRP, purchased, sold or lapsed.
Loans and other transactions with Key Management Personnel
Loans
No KMP or their related parties held any loans from the Qantas Group during or at the end of the year.
Other transactions with the Qantas Group
Related party disclosures
Roger Donazzan, a related party to Ms Jackson, is Chairman of Harmony Resorts Niseko Pty Ltd (HRN). During the year, no sponsorship was provided to
Hanazano (2006: $6,400) or Mt Hotham which are related entities of HRN.
Paul Meadows, a related party to Mrs Cross, is a Partner of Allens Arthur Robinson. Mr Meadows performs no work for Qantas. Total legal fees paid
to the Allens Arthur Robinson Group during the year were $5,141,000 (2006: nil). During the year, the Allens Arthur Robinson Group purchased air travel
of $2,189,000 (2006: $1,621,000) from the Qantas Group. All transactions between the Qantas Group and the Allens Arthur Robinson Group are
conducted on normal commercial arms length terms.
Toolangi Vineyards is a related entity to Mr Hounsell. During the year, the Qantas Group purchased wine totalling $106,000 (2006: nil) from Toolangi
Vineyards, for use on Qantas International Business Class services. All transactions were conducted on normal commercial arms length terms.
Publishing and Broadcasting Limited (PBL) and its controlled entities, including Consolidated Press Holdings Limited, Nine Network, ACP Magazines,
Crown Casino, Burswood Casino, Ticketek, Hoyts and Premier Media Group, is a related entity to Mr Packer. During the year, PBL purchased air travel of
$15,226,000 (2006: $13,500,000) from the Qantas Group. The Qantas Group purchased directly or indirectly advertising services from PBL of $4,047,000
(2006: $2,500,000) during the year. In addition, Qantas and PBL have various contra arrangements in place for advertising and sponsorship. The value of
these contra arrangements with Qantas was $139,000 (2006: $63,000) and nil (2006: $210,000) for other entities within the Qantas Group. During the
year, Qantas spent $297,000 (2006: $1,000,000) with Crown Limited and $1,487,000 (2006: $1,600,000) with ACP Publishing Pty Ltd. All transactions
were conducted on normal commercial arms length terms.
General Cosgrove became a Director of the Australian Rugby Union (ARU), which as such is a related entity to General Cosgrove, on 28 April 2007. During
the year, Qantas purchased sponsorship and advertising rights of $226,000 from the ARU and the ARU purchased air travel of $1,111,000 from the
Qantas Group. In addition, Qantas and the ARU have contra arrangements in place for sponsorship and advertising rights in return for air travel. The value
of these contra arrangements with Qantas during the year was $3,164,000. All transactions were conducted on normal commercial arms length terms.
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24. Key Management Personnel and Executive Equity Benefits continued