Icon Energy Limited Annual Report 2017

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 2017 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 532,279 – – 45,000 50,164 14,882 – – 642,325 – Kevin Jih 406,837 – – 40,000 38,546 10,362 – – 495,745 – Martin Berry 316,655 – – – 29,781 3,614 – – 350,050 – Total 1,595,271 – – 85,000 150,743 28,858 – – 1,859,872 – (i) Salaries & Fees include annual leave paid during the year. (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 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 47,300 – – – 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 40575 9269 – – 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 and Kevin Jih received a payout of accrued annual leave amounting to $93,983 and $36,109 respectively. (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. REMUNERATION REPORT – AUDITED for the year ended 30 June 2017 FINANCIAL REPORT 32 ICON ENERGY ANNUAL REPORT 2017