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AnnualReviewThetablebelowsetsouttheactualremunerationreceivedbySeniorExecutivesin201011.ThevaluesdisclosedinthetablebelowaredifferenttothetablessetoutlaterinthestatutoryRemunerationReportforthereasonsexplainedinfootnote7.currenttitle71FixedannualremunerationCashShares2Shares345ManagingDirector129968630000012678842867570066308ExecutiveBankingandWealth5476532000003413051088958045780ExecutiveRetailBanking42120870000182357673565300.006ExecutiveBendigoWealth330610100000193042623652380.00ChiefFinancialOfcer496899200000331559102845800.00ExecutiveCustomerandCommunity50157016000034130510028752050520ExecutiveRisk413171125000248169786340170.00ExecutiveCorporateResources27931280000131615490927200.00ExecutiveChange43188410000019742772931133347311Thisisthetotalamountofcashsalarynon-monetarybenetscompanysuperannuationcontributionsandannualleaveandlong-serviceleavepaidinthenancialyear.2InaccordancewiththeCompanysremunerationpolicyonethirdoftheshorttermincentiveissubjecttodeferralintosharesintheCompanyforaperiodoftwoyears.3ValueisderivedfromtheLTIifthesecuritiesvest.ForthepurposesofthistablethevalueisbasedontheCompanysclosingsharepriceonthedaythesecuritiesweretestedbeing30June2011.ThevestingdateofthesharesisanticipatedtobeinSeptember2011.4Thisisthepercentageofthebonusforthereportingyearthattheexecutivedidnotreceiveduetoperformanceconditionsnotbeingsatised.Itdoesnotcarryoverintofutureyears.5Thisisthevalueofperformancerightsforthereportingyearthathavelapsedandarenotsubjecttoretesting.ThevalueiscalculatedbyusingtheclosingsharepriceoftheCompanyssharesatthedateoftestingbeing30June2011.Forthepurposeofthistablethevalueofoptionsthatlapsedforthereportingyearandarenotsubjecttore-testinghavenotbeenincludedastheexerciseprice14.66exceededthemarketvalueoftheCompanyssharesattestingdate.6MrJohnBillingtoncommencedasaKMPon31August2010.7ThedifferencetotheamountdisclosedintheRemunerationReportvariesforthefollowingreasons.InrelationtobasepaythestatutoryRemunerationReportamountsincludeanadditionalamountrepresentinganotionalinterestbenetcalculatedontheaveragebalanceofinterest-freeloansprovidedundertheemployeeshareownershipplancalculatedattheCompanysaveragecostoffunds.TheamountsintheRemunerationReportalsoincludemovementsinannualandlongserviceleaveaccruals.ThedisclosureinthetableunderthecolumnSharesrepresentstheactualvalueofsharesreceivedbySeniorExecutivesinFY2011forlongtermincentiveLTIgrantsthathavevested.Thevaluedisclosedisthemarketvalueofthesharesatthedateoftestingorvestingasexplainedinthefootnote.TheamountsdisclosedundertheShareBasedPaymentscolumnsintheRemunerationReportrepresenttheaccountingvaluesforcurrentandpreviousyearLTIgrantswhichbylawmustbedisclosedintheRemunerationReportandincludeLTIthathasnotandmaynevervestifperformanceorserviceconditionsforvestingarenotmet.Therewerenoterminationbenetsfortheaboveseniorexecutives.201131ActualremunerationreceivedbySeniorExecutivesExecutiveRemunerationreceivedRemunerationforfeitedBasePayShorttermincentiveLongtermincentiveTotalofcashbonusnotawardedValueofLTIthatlapsedKeymanagementpersonnelcurrentmembersofexecutivecommitteeMikeHirstMarnieBakerDennisBiceJohnBillingtonRichardFennellRussellJenkinsTimPiperStellaThredgoldAndrewWattsBasepayShorttermincentiveSharesofcashbonusnotawardedValueoflapsedLTIKeymanagementpersonnelKMPforpartofyearDifferencestoRemunerationReport