Appendix 2 – Illustrative example of remuneration disclosure table for key management personnel (KMP)


Tips on how to enter remuneration information

Modifying reporting tables: Executive remuneration disclosures must be in accordance with the tables at Schedule 3: Information about executive remuneration (PGPA Rule).

Digital Annual Reporting Tool (DART) – No modification

DART data templates are prepopulated with the current reporting period threshold bands, and are to be used exactly as set in the reporting platform. Table columns should not be deleted, even when there is no information to report. For example, many Commonwealth companies do not pay bonuses or termination benefits, but to assist with the consistency of reporting, the bonuses and termination benefits columns should be included in the tables reported in the annual report.

Body of the annual report - Allows modification

When reporting in body of annual report Commonwealth companies may use a copy of the DART data templates or customise it to improve presentation. For example, if there are remuneration bands that do not contain remuneration details of officials, that row may be removed from the respective tables. For example a Commonwealth company may not have any senior executives in the $245,001 - $270,000 remuneration band and therefore may remove this band row from the senior executives table.

No changes to remuneration bands: Total remuneration bands must not be varied or combined even when there is a small number of employees in a particular band.

When to exclude the entire table: If a Commonwealth company pays no remuneration to their KMP, the relevant table should not be included in the remuneration disclosures in the body of the annual report. A note should be included to explain the reason why there is no disclosure of the relevant table. However, all tables need to be completed in the DART data templates, even if a Commonwealth company pays no remuneration in that category.

Value for each cell: Where there is no data to report enter ‘0’ for each cell (Excel based table allows for a convenient drag and fill).

Use whole dollar format: When entering the figures, use whole dollar formatting for thousands, for example report $235,673 with no spaces between numbers.

Providing footnotes

No footnotes to be reported in the DART data templates.

Body of the annual report

Footnotes may be used in the body of annual report to provide additional information and explanation to assist the reader to understand what has been included in the tables.

No previous reporting periods required: For the purpose of the executive remuneration disclosures, comparative information from previous reporting periods is not required to be reported in a Commonwealth company's annual report.

The following example demonstrates how the KMP note would be presented. During the reporting period ended 30 June 20X1, Company X had 4 executives who meet the definition of key management personnel. Their names and the length of term as KMP are summarised below:

NamePositionTerm as KMP
Rachael [Surname]Chief Executive Officer (CEO)Full year
Suraj [Surname]Deputy CEOFull year
Greg [Surname]Chief Financial Officer (CFO)Full year – Terminated on 30 June 20X1
Dave [Surname]Chief Operating Officer (COO)1Part-year – Appointed 1/03/20X1

1 The COO was a newly created position during the year with a single occupant of this role.  

In the notes to the financial statements for the period ending 30 June 20X1, Company X disclosed the following KMP expenses:

Note X: Key management personnel remuneration for the reporting period20X0-X1    
Short-term benefits: 
Base Salary1,233,000
Other benefits and allowances220,000
Total short-term benefits1,366,000
Total post-employment benefits70,597
Other long-term benefits: 
Long service leave20,680
Total other long-term benefits20,680

2 Includes $20,000 for car parking.    

In accordance with the PGPA Rule, this information now needs to be further disaggregated. The below table shows how this information would be presented in the body of the annual report:


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