as remuneration for their services was increased by $200,000 to $400,000 for any financial year. At the same meeting, shareholders  approved the remuneration of Directors of the Company for their services as Non-Executive Directors of Karoon Petróleo & Gas  SA, a subsidiary of the Company, at $500,000 for any financial year. The maximum aggregate amount payable to Non-Executive  Directors of the Company from the Group is $900,000 p.a. Non-Executive Directors do not receive any performance-related remuneration. The remuneration structure is based on a number of factors including length of service, particular experience, responsibilities of the individual and the overall performance of the Company. Remuneration involves a balance between fixed and incentive pay,  reflecting short and long term performance objectives appropriate to the Company’s circumstances and objectives. A proportion  of executive remuneration is structured in a manner designed to align the success of the Company with the employees who contributed. This is achieved by considering the following remuneration components: Options are issued under either the Company’s ESOP (to employees) or via other share options (to Directors). The Directors, other key management personnel and executives of the Company receive a superannuation contribution as  required by the Australian Federal Government, which is currently 9.0% p.a., and do not receive any other retirement benefits.  Individuals, however, may choose to sacrifice part of their salary to increase payments towards superannuation. It is at their  discretion to seek individual financial advice concerning each of their own personal superannuation funds. Upon retirement, executives are paid employee benefit entitlements accrued to date of retirement. Notwithstanding that the Group is still in the exploration and evaluation phase of activities and is still incurring operating losses  (excluding net foreign currency losses), the Company believes this policy is effective in increasing long term shareholder wealth  through share price appreciation, strengthening the Group’s asset base and prospective resources. The tables below set out summary information about the Group’s earnings and movements in shareholder wealth to 30 June 2011: Karoon Gas Australia Ltd  Annual Report 2011 23 30 June 2007  30 June 2008  30 June 2009  30 June 2010  30 June 2011  Financial Year Ended  $  $  $  $  $ Share price at beginning of financial year  1.45  2.38  4.54  9.09  5.95 Share price at end of financial year  2.38  4.54  9.09  5.95  5.23 Basic profit (loss) per ordinary share  (0.2035)  (0.0485)  0.0302  (0.0842)  (0.1119) Diluted profit (loss) per ordinary share  (0.2035)  (0.0485)  0.0300  (0.0842)  (0.1119) 30 June 2007  30 June 2008  30 June 2009  30 June 2010  30 June 2011  Financial Year Ended  $  $  $  $ $ Revenue  2,878,695  5,320,930  4,868,541  6,459,623  14,225,048 Profit (loss) before income tax  (14,642,257)  (6,055,339)  4,452,766  (14,665,017)  (23,304,914) Profit (loss) for financial year  (14,642,257)  (6,055,339)  4,452,766  (14,893,839)  (23,304,914) Net assets at end of financial year  81,136,721  130,742,056  334,658,839  361,703,571  617,867,324 Relationship Between the Remuneration Policy and Company Performance • fixed base remuneration; and • equity-based remuneration within limits set by the Board of Directors.