Notes to the Financial Statements (continued)  CONSOLIDATED  PARENT  2003  2002  2003  2002  $  $  $  $  32. Directors’ and Executives Income  (a)  Income of Directors  Income paid or payable, or otherwise made  available, in respect of the financial year, to  all directors of each entity in the consolidated  entity, directly or indirectly, by the entities of  which they are directors or any related party:  5,990,003  7,426,428  4,335,030  1,631,105  The income of directors for the year ended 30 June 2003 includes the current year amortisation amount for options granted  to certain directors. The amortisation amount is disclosed in the Directors’ Report under Long Term Emoluments.  The income of directors for the previous financial year includes the full value of options granted to the directors during the year ended 30 June 2002.  Options granted as part of remuneration have been valued using the Black-Scholes option price model, which takes  account of factors such as the option exercise price, the current level and volatility of the underlying share price and the  time to maturity of the option. The details of the terms, conditions and value of options granted during that period are set  out in Note 26 Contributed Equity.  PARENT  2003  2002  Number  Number  The numbers of directors of the parent entity who were paid, were due to be paid, income (including brokerage,  commissions, bonuses, retirement payments and salaries, but excluding prescribed benefits disclosed later in this note  under “retirement benefits”), directly or indirectly from the company or any related party, as shown in the following bands,  were:  $20,000 - $29,999 2  3  $50,000 - $59,999 1  -  $140,000 - $149,999 -  1  $250,000 - $259,999 -  1  $260,000 - $269,999 2  1  $270,000 - $279,999 1  -  $300,000 - $309,999 -  3  $500,000 - $509,999 1  -  $1,470,000 - $1,479,999 2  -  57  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003