Page 30 - Sun Resources Annual Report 2013

DIRECTORS’ REPORT
B Details of remuneration (audited)
Amounts of remuneration
Details of the remuneration of the Directors and key management personnel of Sun Resources are set out in the
following tables:
The key management personnel included the Directors who had the responsibility for planning, directing and
controlling the activities of the entity during the financial year:
i) Chairman - Non-Executive and deemed independent
Dr W G Martinick
ii) Executive Directors
Dr G van Ek - Managing Director (from 20 March 2013)
Mr M A Battrick - Managing Director (until 19 March 2013), Executive Director, Technical (from 20 March 2013)
iii) Non-Executive Directors and deemed independent
Dr P Linsley (retired 30 June 2013)
Mr D Kestrel
iv) Non-Executive Director and deemed not independent
Mr J D Kenny
The Company Secretary and Chief Financial Officer of the Company is Mr C Basson.
Key management personnel and other executives of the Group Remuneration including the five highest
paid executives
2013
Short-term employee benefits
Post-
employment
benefits
Share based payments
Cash salary,
consulting fees
and Directors’
fees
Non-monetary
benefits
Other Super-
annuation
Equity and
options
Total
Name $ $ $ $ $ $
Executive Directors
Dr G van Ek (i) 96,330 - - 8,670 393,172 498,172
Mr M A Battrick (ii) 318,634 13,521 73,000 24,783 196,586 626,524
Sub-Total 414,964 13,521 73,000 33,453 589,758 1,124,696
Non-Executive Directors
Dr W Martinick 60,000 - - - - 60,000
Mr J D Kenny (iii) 50,000 - 41,667 - - 91,667
Mr D Kestel 50,000 - - - 171,676 221,676
Dr P Linsley 50,000 - - - - 50,000
Sub Total 210,000 - 41,667 - 171,676 423,343
Executive Officers
Mr C Basson (iv) 132,780 - - - - 132,780
Mr S Bayford 289,415 5,913 - 26,047 30,263 351,638
Subtotal 422,195 5,913 - 26,047 30,263 484,418
Total 1,047,159 19,434 114,667 59,500 791,697 2,032,457
(i) Dr G van Ek was appointed as Managing Director on the 20 March 2013.
(ii) Mr M A Battrick received a cash bonus of $73,000 in March 2013 for services provided.
(iii) Mr J D Kenny was paid $41,667 for expenditure incurred on Company business.
(iv) Corpserv Pty Ltd, a company Mr C Basson has an interest in, receives these fees from Sun Resources NL for corporate, accounting and company
secretarial services. These are provided on normal commercial terms.
SUN RESOURCES ANNUAL REPORT 2013 28