Icon Energy Limited Annual Report 2016

9. REMUNERATION OF EACH MEMBER OF KEY MANAGEMENT PERSONNEL AND DIRECTORS FOR THE CONSOLIDATED ENTITY Table 6: Directors and Key Management Personnel Remuneration for the year ended 30 June 2016 Short Term Post- employment Share- based Payment Salaries & Fees (i) $ Cash Bonus $ Non- monetary Benefits Other Benefits (ii) $ Super- annuation $ Long-term Employee Benefits (iii) $ Termination benefits $ Shares and Units $ Total $ Portion of Remuneration Based on Performance % Non-executive Directors Stephen Barry 106,000 – – – 10,070 – – – 116,070 – Keith Hilless 78,500 – – – 7,457 – – – 85,957 – Derek Murphy 85,000 – – – 8,075 – – – 93,075 – Howard Lu 70,000 – – – 6,650 – – – 76,650 – Executive and Senior Managers Ray James 615,500 – – 45,000 54,414 14,882 – – 732,359 – Kevin Jih 435,171 – – 40,000 40,575 9,269 – – 525,015 – Martin Berry 312,321 – – – 29,315 1,801 – – 343,437 – Total 1,702,492 – – 85,000 159,119 25,952 – – 1,972,563 – (i) Salaries & Fees include annual leave paid during the year. Ray James received a payout of accrued annual leave amounting to $93,983. (ii) Other Benefits represent car allowance received during the year for Ray James of $45,000 and for Dr Jih of $40,000. (iii) Long-term employee benefits represent only the long service leave accrued during the year. Table 7: Directors and Key Management Personnel Remuneration for the year ended 30 June 2015 Short Term Post- employment Share- based Payment Salaries & Fees (i) $ Cash Bonus $ Non- monetary Benefits Other Benefits (ii) $ Super- annuation $ Long-term Employee Benefits (iii) $ Termination benefits $ Shares and Units $ Total $ Portion of Remuneration Based on Performance % Non-executive Directors Stephen Barry 106,000 – – – 10,070 – – – 116,070 – Keith Hilless 47,300 – – – 38,657 – – – 85,957 – Derek Murphy 85,000 – – – 8,075 – – – 93,075 – Howard Lu 70,000 – – – 6,650 – – – 76,650 – Executive and Senior Managers Ray James 513,846 – – 45,000 54,414 14,619 – 124,743 752,622 17% Kevin Jih (iv) 419,534 – – 40,000 41,178 7,535 – 72,143 580,390 12% Ross Mallett (iv) 274,756 – – – 43,345 – 388,619 – 706,720 – Martin Berry 307,573 – – – 30,568 881 – 11,223 350,209 3% Richard Holliday (v) 237,765 – – – 30,670 – 99,227 – 367,662 – Total 2,061,738 – – 85,000 263,627 23,035 487,846 208,109 3,129,355 – (i) Salaries & Fees include annual leave paid during the year. Dr Jih received a payout of accrued annual leave amounting to $53,392. (ii) Other Benefits represent car allowance received during the year for Ray James of $45,000 and for Dr Jih of $40,000. (iii) Long-term employee benefits represent only the long service leave accrued during the year. (iv) Dr Jih was appointed as company secretary effective 13 May 2015. R Mallett was made redundant effective 13 May 2015. (v) R Holliday retired effective 1 May 2015. REMUNERATION REPORT – AUDITED for the year ended 30 June 2016 FINANCIAL REPORT 34 ICON ENERGY ANNUAL REPORT 2016