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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
168
Tiger Brands Limited Integrated Annual Report
2014
4 Operating income/(loss) before abnormal items
continued
4.2 Directors’ emoluments
continued
Table of directors’ emoluments for the year ended 30 September 2013:
GROUP
(R000)
Fees
Cash
salary Bonus
Other
benefits
(Note 4)
Retire-
ment
fund
contri-
butions
Gains
on
options
exercised
Total
2013
Executive directors
O Ighodaro
– 3 150
–
60 526
– 3 736
PB Matlare – Note 1
– 4 251 1 000
310 748 11 352 17 661
CFH Vaux
– 3 225 8 36 653 5 859 9 781
Total A
– 10 626 1 008
406 1 927 17 211 31 178
Non-executive directors
EFs
AC Parker (Chairman)
1 382
17
–
–
–
– 1 399
SL Botha
465
–
–
–
–
– 465
MJ Bowman
298
–
–
–
–
– 298
RMW Dunne
765
–
–
–
–
– 765
M Makanjee
362
–
–
–
–
– 362
KDK Mokhele
500
–
–
–
–
– 500
RD Nisbet
429
–
–
–
–
– 429
MP Nyama
382
–
–
–
–
– 382
BL Sibiya (Deputy Chairman)
714
–
–
–
–
– 714
Total B
5 297 17
–
–
–
– 5 314
Total A + B
5 297 10 643 1 008 406 1 927 17 211 36 492
Details of remuneration paid to
prescribed officers of the company
are set out below:
Prescribed officers
NG Brimacombe
– 3 059
4
114 629 3 951 7 757
NP Doyle
– 2 480
–
54 415
– 2 949
AG Kirk (8 July 2013 to
30 September 2013)
– 670
–
67 124
–
861
PM Roux (1 October 2012 to
28 February 2013) – Note 2
– 1 528
–
438 261
– 2 227
N Segoale – Note 3
– 3 870 163 1 920 607 3 003 9 563
Total
– 11 607 167 2 593 2 036 6 954 23 357
Aggregated details of remuneration
paid to members of the executive
committee, other than the executive
directors and prescribed officers
above, are set out below:
Total
– 9 799
1
798 1 963 19 271 31 832
Note 1
– a special incentive bonus of R1 000 000 was paid to PB Matlare in December 2012 in recognition of his efforts in respect of
progressing the Africa expansion strategy.
Note 2
– other benefits include notice and leave pay.
Note 3
– other benefits include accommodation and flights home for personal visits as part of expatriate package.
Note 4
– includes a long service allowance of R218 929 paid to a member of the executive committee for 30 years’ service effective August 2013.
EFs
– fees paid to the Chairman for his attendance at meetings of the board of directors of Empresas Carozzí, an associate of Tiger Brands.
4.3 Directors’ service contracts
No directors have service contracts with notice periods of more than three months.