Page 30 - Sun Resources 2014 Annual Report

Ordinary Shares
2014 Balance at start
of the year or
appointment
Received during the
year on the exercise
of options
Other changes
during the period
Balance at the end of
the year or retirement Nominally held
Directors
Prof I R Plimer - - - - -
Dr G van Ek 500,000 - - 500,000 -
Mr J D Kenny 40,751,471 - - 40,751,471 40,751,471
Mr D Kestel 18,216,368 - - 18,216,368 18,216,368
Dr W G Martinick 27,740,558 - 1,259,442 29,000,000 27,740,558
Executive Officers
Mr M A Battrick 294,117 - - 294,117 -
Mr C Basson 1,550,000 - 250,000 1,800,000 1,800,000
Mr S Bayford 500,000 - (500,000) - -
2013 Balance at start
of the year or
appointment
Received during the
year on the exercise
of options
Other changes during
the period
Balance at the end of
the year or retirement Nominally held
Directors
Dr W G Martinick 23,740,558 - 4,000,000 27,740,558 27,740,558
Dr G van Ek - - 500,000 500,000 -
Mr M A Battrick 294,117 - - 294,117 -
Mr J D Kenny 18,741,196 22,010,275 - 40,751,471 40,751,471
Mr D Kestel 10,416,980 - 7,799,388 18,216,368 18,216,368
Dr P Linsley 2,524,383 - 2,600,000 5,124,383 -
Executive Officers
Mr C Basson 1,000,000 - 550,000 1,550,000 1,550,000
Mr S Bayford 1,400,000 - 900,000 500,000 -
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 17 and 18 to the financial statements.
An analysis of the Company’s performance over the past five years is as follows:
2014 2013 2012 2011 2010
$ $ $ $ $
Loss attributable to shareholders of the parent
entity (27,848,265) (10,247,996) (4,419,084) (8,655,558) (6,593,442)
Dividends paid - - - - -
Contributed equity 108,850,765 89,900,211 55,486,635 43,935,216 37,385,346
Changes in share price (prices at 30 June) 0.02 0.03 0.06 0.02 0.06
Return on contributed equity (25.58%) (11.40%) (7.96%) (19.70%) (17.64%)
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
28  SUN RESOURCES ANNUAL REPORT 2014