Wellcom_FY11-Financial-Report

Uk appointed 1 may 2011 the group has entered into

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Unformatted text preview: oup has entered into employment contracts with all key management personnel of the Company and its subsidiaries. Key management personnel are given the opportunity to receive their fixed remuneration in a variety of forms, including cash, superannuation contributions and non-monetary benefits such as motor vehicles. (c) Key management personnel compensation The aggregate compensation made to key management personnel is set out below: 2011 $ 2,406,168 175,781 78,241 2,660,190 Short term employee benefits Post employment benefits Long-term benefits 68 2010 $ 2,060,493 159,861 63,955 2,284,309 Wellcom Group Limited Notes to the Consolidated Financial Statements 27. Key management personnel disclosures (continued) d) Key management personnel equity holdings For personal use only Fully paid ordinary shares held in Wellcom Group Limited Year ended 30 June 2011 Opening balance 1 July 2010 Granted as remuneration Other changes Closing balance 30 June 2011 Balance held nominally 25,433,211 20,000 20,000 25,473,211 - - 25,433,211 20,000 20,000 25,473,211 - 16,000 47,310 120,000 10,000 40,000 233,310 25,706,521 - (10,000) (40,000) 139,100 89,100 89,100 16,000 47,310 120,000 139,100 322,410 25,795,621 - Opening balance 1 July 2009 Granted as remuneration Other changes Closing balance 30 June 2010 Balance held nominally 25,433,211 20,000 25,453,211 -...
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