Cue Energy Resources Limited Directors' report 30 June 2023 19 KMP Compensation - 30 June 2022 Short-term benefits Short-term benefits Restated Short-term benefits Long-term benefits Post employment Share-based payments Cash salary and fees Deemed short term benefits* Cash bonuses Long service leave Superannua tion Equitysettled Total Restated 30 June 2022 $ $ $ $ $ $ $ Directors Alastair McGregor* - 88,916 - - - - 88,916 Andrew Jefferies* - 56,000 - - - - 56,000 Peter Hood 64,473 - - - 6,527 - 71,000 Richard Malcolm 59,932 - - - 6,068 - 66,000 Rod Ritchie 66,000 - - - - - 66,000 Samuel Kellner* - 56,000 - - - - 56,000 Marco Argentieri* - 66,000 - - - - 66,000 Other Key Management Personnel: Matthew Boyall** 366,868 - 73,085 9,606 27,500 61,175 538,234 557,273 266,916 73,085 9,606 40,095 61,175 1,008,150 * Total remuneration of $1,008,150 has been restated by $266,916 for FY 2022 as a result of the presentation of deemed compensation, as compared to nil previously disclosed. The entire value of the $266,916 increase (i) solely arose from the technical application of disclosure requirements of the accounting standards, and (ii) the $266,916 is deemed only and neither the Company nor any member of the Consolidated Entity paid or in any way settled or has obligations to settle the aforementioned deemed remuneration of $266,916. The Consolidated Entity's actual obligations for the settlement of Directors' remuneration is unchanged from that which has been previously reported. ** Matthew Boyall's cash bonus consists of $73,085 for achieving a 65.7% performance rating against 2021 key performance indicators (KPIs). The KPIs were measured against the actual results for the calendar year ending 31 December 2021. Mr Boyall is entitled to up to 30% of base salary in short term incentives. The proportion of remuneration linked to the Consolidated Entity's performance and the fixed proportion are as follows: Fixed remuneration Fixed remuneration At risk - STI At risk - LTI Name 30 June 2023 30 June 2022 30 June 2023 30 June 2022 30 June 2023 30 June 2022 Directors: Alastair McGregor* 100% 100% - - - - Andrew Jefferies* 100% 100% - - - - Peter Hood 100% 100% - - - - Marco Argentieri* 100% 100% - - - - Richard Malcolm 100% 100% - - - - Rod Ritchie 100% 100% - - - - Samuel Kellner* 100% 100% - - - - Other Key Management Personnel: Matthew Boyall 85% 86% 15% 14% - - * Alastair McGregor, Andrew Jefferies, Samuel Kellner and Marco Argentieri were not directly remunerated by the Company during the years ended 30 June 2023 and 2022. 41 Cue Energy Resources Limited Annual Report 2023
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