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REMUNERATION REPORT
(CONTINUED)
KB Wakeford
Remuneration
2016
2015
6 months
(1)
12 months
R’000
R’000
Salary
1 788
3 492
Contributions to defined contribution plan
279
545
Gross remuneration
2 067
4 037
(1)
Resigned 1 December 2015
Short-term incentives
Based on the prior year’s performance, KB Wakeford qualified for a short-term incentive in the amount of R2 000 000 which was paid in
September 2015. Full provision was made for this in the prior year.
Long-term incentives
Details of share options granted in Adcock Ingram are as follows:
Offer date
Offer
price
R
Balance at the
beginning
of the year
Issued
during
the year
Forfeited
during
the year
Balance
at the end
of the year
Equity
17/06/2014
52,20
200 000
–
(200 000)
–
26/08/2015
41,94
–
200 000
(200 000)
–
200 000
200 000
(400 000)
–
The following (income)/charges were (recognised)/expensed in the statement of comprehensive income during the year under review, in terms
of IFRS 2
(2)
:
2016
2015
R’000
R’000
Total
(939)
939
(2)
The value of options granted is the annual expense in accordance with IFRS 2, and is presented for information purposes only, as it is not regarded as constituting remuneration, given
that the value is neither received by nor accrued to the director.
OUR GOVERNANCE
(continued)
66 |
Integrated Report 2016