Annual Report 200480
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2004
26. Specified Director and Specified Executive Disclosures (continued)
(e) Equity Holdings (continued)
Balance at Received Balance Balance
beginning Granted as on exercise Other at end of held
Name of the year remuneration of option Redeemed changes the year nominally
No. No. No. No. No. No. No.
Specified Executives
Ordinary Shares – Fully Paid
Gouadain, Jacques Elie 6,000 6,21 6––– 12,216 –
Moore, Paul Derek 6,198 5,82 7––– 12,025 –
Wasow, Peter Christopher 8,364 7,77 0––– 16,134 –
Wilkinson, Richard John 6,764 5,82 7––– 12,591 –
Wood, Bruce James 1,000 5,43 9––– 6,439 –
Young, Jonathon Terence 8,636 8,54 7––– 17,183 –
(f) Loans and Other Transactions
Loans
There have been no loans outstanding at any time throughout the year with any Specified Director or Specified Executive.
Other Transactions with the Company or its Controlled Entities
Agreements exist with the non-executive Directors appointed prior to 1 January 2004 providing for the payment of a sum on retirement from
office as a Director in accordance with shareholder approval at the 1989 Annual General Meeting. From 30 June 2004 the retirement allowances
ceased to accrue.
The transactions referred to above occurred on terms no more favourable than would have been adopted if dealing at arm’s length, do not have
the potential to affect adversely decisions about the allocation of scarce resources and are trivial in nature.
Consolidated Santos Ltd
2004 2003 2004 2003
27. Remuneration of Auditors $000 $000 $000 $000
Amounts received or due and receivable by the auditors of Santos Ltd for:
External audit services 715 649 388 363
Other services:
Taxation 147 112 – –
Due diligence 3 23 58 –
Other 9 16 6 10
874 800 452 373
The auditors ceased providing taxation services from 31 December 2004.
28. Segment Information
Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.
Unallocated items mainly comprise dividend revenue, interest-earning assets and revenue, interest-bearing loans, borrowings and expenses, and
corporate assets and liabilities.
Segment capital expenditure is the total cost incurred during the period to acquire segment assets that are expected to be used for more than one period.
Geographic segments
The Santos Group operates primarily in Australia but also has international operations in the United States, Papua New Guinea, Indonesia and Egypt.
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