Cue Energy Resources Limited Directors' report 30 June 2023 21 Options granted carry no dividend or voting rights. (E) Relationship between remuneration policy and company performance Company performance review The tables below set out summary information about the company’s earnings and movements in shareholder wealth and key management remuneration for the five years to 30 June 2023. 2023 2022 2021 2020 2019 $'000 $'000 $'000 $'000 $'000 Production revenue from continuing operations 51,605 44,439 22,449 23,916 25,730 Profit/(loss) before income tax expense from continuing operations 19,881 21,756 (7,442) 5,099 12,856 Profit/(loss) after income tax expense 15,211 16,068 (12,743) 1,313 8,549 Total KMP remuneration settled by the Consolidated Entity 821 741 659 690 651 2023 2022 2021 2020 2019 Share price at start of year (cents) 6.50 6.00 9.50 8.30 5.70 Share price at end of year (cents) 5.60 6.50 6.00 9.50 8.30 Basic earnings/(loss) per share (cents) 2.18 2.30 (1.83) 0.19 1.22 Diluted earnings/(loss) per share (cents) 2.18 2.30 (1.83) 0.19 1.22 Dividend ($'000) - - - - - The Company remuneration policy also seeks to reward staff members on achieving non-financial key performance indicators, including safety and operational performance. Additional disclosures relating to key management personnel Shareholding The number of shares in the company held during the financial year by each director and other members of key management personnel of the Consolidated Entity, including their personally related parties, is set out below: Balance at Balance at the start of Disposals/ the end of the year Additions other the year Ordinary shares* Non-Executive Directors - - - - Andrew Jefferies 8,000 - - 8,000 Peter Hood 80,000 - - 80,000 Richard Malcolm 300,000 - - 300,000 Other Key Management Personnel - - - - Matthew Boyall 200,000 - - 200,000 588,000 - - 588,000 * Alastair McGregor, Rod Ritchie, Samuel Kellner and Marco Argentieri do not hold any fully paid ordinary shares. NZOG Offshore Limited (a related entity to Alastair McGregor, Andrew Jefferies, Rod Richie, Samuel Kellner and Marco Argentieri) holds 349,368,803 fully paid ordinary shares in the Company. 43 Cue Energy Resources Limited Annual Report 2023
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