Adcock Ingram Integrated Report 2018

Remuneration continued SENIOR MANAGEMENT (continued) Long-term incentives (continued) Offer date Offer price R Balance at the beginning of the year Forfeited during the year Exercised during the year Balance at the end of the year Phantom 03/01/2012 60.15 64 381 (24 106) (40 275) – 09/01/2012 60.15 14 963 (14 963) – – 01/05/2012 60.70 14 827 – (14 827) – 01/10/2012 59.56 26 666 – (17 776) 8 890 02/01/2013 53.52 165 257 (13 124) (152 133) – 02/05/2013 60.55 79 273 (26 424) (35 232) 17 617 365 367 (78 617) (260 243) 26 507 Details of options exercised by senior management are as follows: Offer date Offer price R Weighted average exercise price R Number of options Gain realised on exercising of options R (1) 2018 Equity 17/06/2014 52.20 70.42 129 000 2 356 920 Phantom 03/01/2012 60.15 64.74 40 275 182 615 01/05/2012 60.70 70.90 14 827 151 235 01/10/2012 59.56 69.84 17 776 182 737 02/01/2013 53.52 67.49 152 133 2 159 597 02/05/2013 60.55 71.00 35 232 368 174 260 243 3 044 358 2017 Phantom 04/01/2010 53.52 60.00 10 611 68 751 (1) Amounts shown before taxation The following charges were expensed in the statement of comprehensive income during the year under review, in terms of IFRS 2 (2) : 2018 2017 R’000 R’000 Total 7 022 8 997 (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 employee. Remuneration (continued) ADCOCK INGRAM  Integrated Report 2018 54 OUR GOVERNANCE