dIRECTORS’ REPORT COnTInUEd B. Details of Remuneration *   The percentage of total remuneration consisting of options, based on the value of options expensed in the consolidated statement of comprehensive income during the financial year. †   Mr Tim Hosking was appointed Chief Executive Officer South America on 1 December 2010. Before this appointment he was the Company’s  South American General Manager. Amounts shown above include all Mr Tim Hosking’s remuneration during the financial year. ^,# Denotes one of the five highest paid executives of the Group (^) and/or Company (#), as required to be disclosed under the  Corporations Act 2001. Remuneration Report (Audited)  (continued) Share-  Long-  based  Ended  Post-Employment  Term Payments  30 June 2011  Short Term Benefits  Benefits  Benefits  Expense  Social  Long  Cash  Non-  Super-  Security and  Service   Remuneration  Salary Monetary  annuation Indemnity Fund  Leave  Consisting  Total Re-  and Fees  Benefits Contributions  Contributions Provision  Options  of Options# * muneration  Name  $  $  $  $  $  $  %  $ Executive Directors  Mr Robert Hosking 409,786  28,895  6,881  -  -  -  -  445,562 Mr Mark Smith  382,263  17,143  34,404  -  13,780  -  -  447,590 Non-Executive Directors  Mr Geoff Atkins  73,395  2,005  6,606  -  -  399,635  83.0  481,641 Mr Clark Davey 55,046  2,005  4,954  -  -  282,381  82.0  344,386  (appointed 1 Oct 2010) Mr Stephen Power  73,394  -  6,606  -  -  399,635  83.3  479,635 Total Directors’ remuneration 993,884  50,048  59,451  -  13,780  1,081,651  2,198,814 Other key management personnel (Group)  Mr Scott Hosking ^#  252,294  13,462  22,706  -  6,035  267,000  47.6  561,497 Mr Tim Hosking ^#† 309,516  12,700  11,043  51,695  -  -  -  384,954 Mr Lino Barro ^# 284,862  -  25,638  -  5,833  590,410  65.1  906,743 Mr Edward Munks ^# 126,580  1,648  -  -  -  105,341  45.1  233,569  (appointed 1 Jan 2011) Total other key management personnel remuneration (Group) 973,252  27,810  59,387  51,695  11,868  962,751  2,086,763 Total key management personnel remuneration (Group)  1,967,136  77,858  118,838  51,695  25,648  2,044,402  4,285,577 Other Group executive Mr Juliano Macedo ^ 262,638  17,685  -  84,239  -  -  -  364,562  (appointed 31 Aug 2010) Details of the remuneration of the Directors, the key management personnel of the Group (as identified in accordance with  AASB 124 ‘Related Party Disclosures’ as those who had authority for planning, directing and controlling the Group and/or Company activities during the financial year) and the five highest paid executives of the Company and Group are set out in the  following tables. 24 Karoon Gas Australia Ltd  Annual Report 2011