KU Financial Report
Notes to the Financial Statements
Continued ...
17 . Economic Dependency As disclosed at note 4 a significant source of revenue is government funding . This funding supports programs for early childhood education and care .
18 . Related Party Disclosures
a ) Directors ’ compensation The Directors act in an honorary capacity and receive no compensation for their services ( 2010 : nil ).
b ) Transactions with Director-related entities During the year , no amounts were paid to Director-related parties . No amounts are payable to or receivable from Directors or Director related entities at the reporting date . A Director utilises the services of KU Children ’ s Services and pays the arms length market rates for provision of these services .
c ) Key Management Personnel Remuneration The names and positions of those having authority for planning , directing and controlling the company ’ s activities , directly or indirectly ( other than Directors ), are :
Sheridan Dudley Chief Executive Officer ( resigned 8 April 2011 ) Chris Legg Monique Beange
Chief Executive Officer General Manager , Early Childhood Education Margaret Brodie General Manager , Corporate Services ( resigned 30 December 2011 ) Stes Stengos Jane Robinson Karen Dawson Poppy Brown Kim Bertino
Chief Financial Officer / General Manager , Corporate Services General Manager , People Services General Manager , Public Affairs and Development General Manager , Community Programs General Manager , Early Childhood Strategy
2011 $
2010 $
The aggregate compensation of the key executive management personnel of the company is set out below
Total compensation 1,285,295 1,099,385
36 KU Children ’ s Services