Page 94 - Sundance Resources 2014 Annual Report

92 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
NOTE 19. KEY MANAGEMENT PERSONNEL REMUNERATION
The aggregate remuneration paid to directors and other members of key management personnel of the company and the
Group is set out below:
2014
$
2013
$
Short-term employee benefits 2,542,233 3,230,424
Post-employment benefits 109,085 129,582
Termination and other long term benefits - -
Share-based benefits 665,524 1,594,622
3,316,842 4,954,628
NOTE 20. AUDITORS REMUNERATION
2014
$
2013
$
Remuneration of the auditor of the Company for:
- auditing or reviewing the financial report 130,224 103,950
- corporate taxation services 75,592 9,735
- taxation services related to the Project - 112,909
- financial advisory related to the Project 273,114 386,288
478,930 612,883
Remuneration of auditor network firms of the company for:
- auditing or reviewing the financial report of foreign subsidiaries 220,484 136,312
699,414 749,195
Deloitte Touche Tohmatsu (’Deloitte’) performs the audit of the Company and its subsidiaries.
The Company has a policy to specify the circumstances in which it is deemed appropriate for Management to contract the
services of Deloitte for non-audit work.
This policy provides that the Company is only to enter into a non-audit contract or transaction with the external audit firm in
the following circumstances:
➢• Where any proposed transaction will not compromise the independence of the external auditors; and
➢• Where it is believed that the external auditor is best equipped to undertake the work after taking into account:
- Experience;
- Expertise, particularly in Cameroon and Republic of Congo where Deloitte have permanent representation;
- Knowledge of the group;
- Synergies of having the auditor perform the work; and
- Value for money.
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014