82 / 164
DIRECTORS’ REPORT
82 Independence Group NL
Directors' report
30 June 2015
Remuneration report (continued)
(c) Elements of remuneration (continued)
(iii)
Long-term incentives (continued)
Return on equity (continued)
Actual ROE
Level of vesting
100% of average target ROE
25%
Between 100% and 115% of average target ROE
Pro-rata straight line percentage
115% of average target ROE or greater
100%
Long term incentive - Non-executive directors
The PRP permits non-executive directors to be eligible employees and therefore to participate in the plan. It is not
currently intended that non-executive directors will be issued with performance rights under the PRP and any such issue
would be subject to all necessary shareholder approvals.
Share trading policy
The trading of shares issued to participants under the PRP is subject to, and conditional upon, compliance with the
Company’s employee share trading policy.
(d) Link between remuneration and performance
Statutory performance indicators
The Company aims to align its executive remuneration to the strategic and business objectives of the Group and the
creation of shareholder value. The table below shows measures of the Group's financial performance over the last five
years as required by the
Corporations Act 2001
. These measures are not necessarily consistent with the measures
used in determining the variable amounts of remuneration to be awarded to KMPs as other internal measures are used
to drive these results.
2015
2014
2013 2012**
2011*
Revenue ($millions)
495.3
399.1
225.9
216.6
163.6
Profit for the year attributable to owners of ($millions)
76.8
48.6
18.3 (285.3)
5.5
Share price at year end ($/share)
4.17
4.35
2.26
3.16
5.63
Dividends paid (cents/share)
11.0
7.0
5.0
2.0
4.0
* Includes results and performance of Jabiru Metals Limited from 4 April 2011.
** Includes after tax non-cash asset impairments of $288 million.
Independence Group NL
17