Page 33 - Sun Resources Annual Report 2013

D Share-based compensation (audited) (continued)
Name Date Granted No. Granted No. Vested Expiry Date Exercise Price
per Option
Fair Value
of Options
$ (i)
2012
Dr W G Martinick 16 November 2011 5,000,000 5,000,000 16 November 2014 3.6 cents 52,701
Mr M A Battrick 16 November 2011 5,000,000 5,000,000 16 November 2014 3.6 cents 52,701
Mr P Linsley 16 November 2011 5,000,000 5,000,000 16 November 2014 3.6 cents 52,701
Mr A P Woods 16 November 2011 5,000,000 5,000,000 16 November 2014 3.6 cents 52,701
Mr C Basson 16 November 2011 2,250,000 2,250,000 16 November 2014 3.6 cents 23,715
Mr S Bayford (ii) 16 November 2011 1,000,000 1,000,000 16 November 2014 3.6 cents 10,540
(i) Refer to Note 18 in Financial Statements for fair value calculation
(ii) In June 2012, 1,000,000 options were exercised by Mr S Bayford.
E Additional information (audited)
Share-based compensation: Options
Further details relating to options are set out below.
Name
A
Remuneration
consisting of options
B
Value of options
granted
$
C
Value of options
exercised
$
D
Value of options
lapsed
$
2013
Dr G van Ek 79% 393,172 - -
Mr M A Battrick 31% 196,586 - -
Mr D Kestel 77% 171,676 - -
Mr S Bayford 9% 30,263 - -
2012
Dr W G Martinick 47% 52,701 - -
Mr M A Battrick 13% 52,701 - -
Dr P Linsley 30% 52,701 - -
Mr A P Woods 68% 52,701 - -
Mr C Basson 21% 23,715 - -
Mr S Bayford 4% 10,540 - -
A The percentage of the value of remuneration consisting of options, based on the value of options expensed during the current year.
B The value at grant date calculated in accordance with AASB 2 Share-based payment of options granted during the year as part of remuneration.
C The value at exercise date of options that were granted as part of remuneration and were exercised during the year, being the intrinsic value of the
options on that date.
D The value at lapse date of options that were granted as part of remuneration and that lapsed during the year. Lapsed options refer to options that
vested but expired unexercised.
Loans to subsidiaries, Directors and executives
Information on loans to subsidiaries, Directors and executives, including amounts, interest rates and repayment
terms are set out in Notes 19 and 20 to the financial statements.
An analysis of the Company’s performance over the past five years is as follows:
2013
$
2012
$
2011
$
2010
$
2009
$
Loss attributable to shareholders of the parent entity (10,247,996) (4,419,084) (8,655,558) (6,593,442) (2,753,596)
Dividends paid - - - - -
Contributed equity 89,900,211 55,486,635 43,935,216 37,385,346 34,249,542
Changes in share price (prices at 30 June) 0.03 0.06 0.02 0.06 0.08
Return on contributed equity (11.6%) (7.96%) (19.70%) (17.64%) (8.04%)
The Company has followed an aggressive exploration programme in the past five years. The Company has adjusted
any oil and gas assets where there has been an impairment of the asset with the resulting write downs reflected in
the loss attributable to shareholders.
The share price of the Company, as listed on the ASX, has remained in a band between two and eight cents
depending on the market during the previous five years.
There is no policy for limiting risk with regard to shareholding.
This is the end of the audited remuneration report.
DIRECTORS’ REPORT 31