Financial Report Template Page 17
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80DIRECTORS’ REPORT
(CONT)
MEETINGS OF DIRECTORS
NON-AUDIT SERVICES
During the financial year, the number of meetings held of directors
The Board of Directors, in accordance with advice from the Audit
(including committees of directors) and the number of meetings
and Risk Management Committee, is satisfied that the provision
attended by each director are shown in the table at the bottom of
of non-audit services during the year is compatible with the
this page.
general standard of independence for auditors imposed by the
Corporations Act 2001. The directors are satisfied that the
INDEMNIFYING OFFICERS
services disclosed below did not compromise the external
auditor’s independence for the following reasons:
During or since the end of the financial year, the Group has given
an indemnity or entered into an agreement to indemnify, or paid
• all non-audit services are reviewed and approved by the Audit
or agreed to pay insurance premiums as follows:
and Risk Management Committee prior to commencement
to ensure they do not adversely affect the integrity and
• To insure each of the directors against liabilities for costs and
objectivity of the auditor; and
expenses incurred by them in defending legal proceedings
• the nature of the services provided does not compromise
arising from their conduct while acting in the capacity of
the general principles relating to auditor independence in
directors of the Group, other than conduct involving a
accordance with APES 110: Code of Ethics for Professional
wilful breach of duty in relation to the Group.
Accountants set by the Accounting Professional and Ethical
The total amount of insurance contract premiums paid
Standards Board.
was $110,943 (2014: $76,870).
The following fees were paid or payable to Ernst & Young for
INDEMNIFYING AUDITORS
non-audit services provided during the year ended 30 June 2015:
To the extent permitted by law, the Group has agreed to
$
indemnify its auditors, Ernst & Young, as part of the terms of its
Other assurance services
123,600
audit engagement agreement against claims by third parties
Taxation advice and services
45,150
arising from the audit (for an unspecified amount). No payment
has been made to indemnify Ernst & Young during or since the
168,750
financial year
AUDITOR’S INDEPENDENCE DECLARATION
OPTIONS
The lead auditor’s independence declaration for the year ended
At the date of this report, there are no unissued ordinary shares
30 June 2015 has been received and can be found on page 19 of
of Shine Corporate Limited under option.
the Financial Report.
PROCEEDINGS ON BEHALF OF THE GROUP
REMUNERATION REPORT (AUDITED)
No person has applied for leave of Court to bring proceedings
In accordance with the requirements of the Corporations Act
on behalf of any company in the Group or intervene in any
2001 (the Act) and its regulations, this report details the
proceedings to which the Group is a party for the purpose of
remuneration arrangements for key management personnel
taking responsibility on behalf of the Group for all or any part of
(KMP) who are defined as those persons having authority and
those proceedings.
responsibility for planning, directing and controlling the major
activities of the Company and Group, directly or indirectly.
The Group was not a party to any such proceedings during
the year.
For the purposes of this report, the term “KMP’s” includes all
directors and the “Executive” roles of the CEO and the CFO.
Directors’ Meetings
Audit and Risk Management
Nominations
Remuneration
Number
Number
Number
Number
Number
Number
Number
Number
eligible to
attended
eligible to
attended
eligible to
attended
eligible to
attended
attend
attend
attend
attend
Tony Bellas
12
12
8
8
2
2
4
4
Carolyn Barker AM
12
12
8
8
2
2
4
4
Gregory Moynihan
12
12
8
8
2
2
4
4
Simon Morrison*
12
11
8
7
2
2
4
3
Stephen Roche**
12
12
– **
– **
2
2
4
3
*
Simon Morrison is not a member of the Audit and Risk Management Committee or the Remuneration Committee and attends
meetings by invitation.
** Stephen Roche is not a member of the Audit and Risk Management Committee.
15
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business