2013 Fixed Based Remuneration 
Share Based 
Payments Performance Based 
 
Director 
Cash Salary and 
Fees 
Non-monetary 
Benefits (1) 
Post-employment 
Benefits Superannuation Options (2) 
STI-Cash 
Bonus 
LTI – Share 
Based (3) Total                        
E McCrady $     275,000 $     15,165 $         7,650 $                      - $                - $      402,277 $       371,113 $    1,071,205 
M Hannell     163,985 - - 15,058 - - - 179,043 
D Hannes 144,031 - - 13,237 - - - 157,268 
N Martin      128,510 - - 11,821 - - - 140,331 
W Holcombe 140,000 - - - - - - 140,000 
     $      851,526 $   15,165 $          7,650   $           40,116 $                 - $   402,277 $     371,113 $  1,687,847 
 
Key Management Personnel  
C Anderson $      225,000 $     12,693 $         7,650 $                      - $      44,532 $   310,075 $     209,516 $    809,466 
C Gooden* 48,015 - - - - - - 48,015        
 273,015 12,693 7,650 -       44,532 310,075 209,516 857,481        
 $   1,124,541 $   27,858 $       15,300 $           40,116 $    44,532 $    712,352 $     580,629 $  2,545,328 
* C Gooden resigned as Company Secretary on 23 August 2013. 
 
(1) Non-monetary benefits includes car parking fringe benefits and payment of health premiums. 
(2) Fair value of services received in return for the options granted is measured using the Black -Scholes Option Pricing 
Model, as further discussed in Note 31 to the Financial Report, and represents the portion of the grant date fair value 
expense of the option during the year. Options were granted in December 2011. 
(3) Fair value of services received in return for the LTI share based awards are based on the allocable portion of aggregate 
fair value expense recognised under AASB 2 for the year.  The aggregate fair  value is based on the number of RSUs 
awarded valued at the Company’s stock price at the date of grant, translated at the foreign exchange rate in effect on 
the date of grant.  Vesting is 25% at the time of grant  (following the performance period) , with 25 % cliff vesting each 
subsequent year on the date of grant. The amount included as remuneration is not related to or indicative of the benefit 
(if any) that individuals may ultimately realise when the RSUs vest. 
 
 
K. Outstanding KMP Options and Restricted Share Units 
 
Number of Options held by Key Management Personnel 
Key Management 
Personnel 
Balance 
31.12.2013 
Options 
Exercised 
Options 
Cancelled/Lapsed 
Balance 
31.12.2014 
Total 
Vested 
31.12.2014 
Total 
Unvested 
31.12.2014 
E McCrady - - - - - - 
C Anderson 1,000,000 - - 1,000,000 600,000 400,000 
G Ford 1,200,000 - - 1,200,000 800,000 400,000 
Total 2,200,000 - - 2,200,000 1,400,000 800,000 
 
Number of Restricted Shares Units held by Key Management Personnel 
Key 
Management 
Personnel 
Balance 
31.12.2013 
Issued as 
Compensation  
Forfeited 
RSUs 
RSUs 
converted to 
ordinary 
shares 
Balance at 
31.12.2014 
Market Value 
Of Unvested 
31.12.2014 (1) 
E McCrady(2) 555,078 671,988 - (435,505) 791,561 $340,371 
C Anderson 320,680 385,456 - (225,579) 480,557 206,640 
G Ford 322,410 394,473 - (228,410) 488,473 210,043 
Total 1,198,168 1,451,917 - (889,494) 1,760,591 $757,054 
 
(1) Market value based on the Company’s closing stock price on 31 December 2014 or USD$0.43 based on the foreign 
currency exchange spot rate published by the Reserve Bank of Australia 
(2) Mr. McCrady’s RSUs were approved by the shareholders at the Annual General Meeting held on 30 May 2014. 
 
  
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