(d) Employee Share Option Plan (e) Employee Option Plan Shareholders approved an Employee Option Plan on November 2001. There is no vesting period for options issued  under this plan and accordingly employees can exercise them at any time after they have been issued. No options were  issued under the plan during the year to 30 June 2004. These options are automatically cancelled when the employee  leaves the Company. A total of 3,725,000 options previously issued under the plan were cancelled due to employees  leaving the Company. There are no voting rights and no dividend rights attached to these options. No options issued  under this plan were exercised during the year to 30 June 2004. Details of the options on issue under this plan as at  30 June 2004 are: Shareholders approved an Employee Share Option Plan on 20 October 1995 (“ESOP”). This ESOP entitles  management who meet incentive objectives to apply for options to purchase shares in the Company. There is no vesting  period for these options and accordingly employees can exercise these options at any time after they have been issued. These options are automatically cancelled when the employee leaves the Company. There are no voting rights and no  dividend rights attached to these options. No new options will be issued under this ESOP. No options issued under this  plan were exercised during the year ended 30 June 2004. There are no longer any options in existence under this plan. The Company participates in an “accumulation” superannuation plan under which all employees are entitled to lump  sum bene fi  ts on retirement, disability or death. The Company contributes various percentages of wages and salaries  to the plan. The contributions made are legally enforceable. No actuarial assessment of the plan has been made as  such assessments are inappropriate to an “accumulation” plan. The assets of the plan are suf fi  cient to satisfy all bene fi  ts  that have vested under the plan in the event of its termination, or in the event of voluntary or compulsory termination,  of the employment of each employee. Number of Options Expiry Date 3,375,000 26 April 2007 475,000 17 January 2008 3,850,000 59 Number 2004 Number 2003 Number 2004 Number 2003 (b) Number of Employees Number of employees at  fi  nancial year end 41 66 36 66 (c) Superannuation Consolidated Company 30 June 2004 $’000 30 June 2003 $’000 30 June 2004 $’000 30 June 2003 $’000 27. EMPLOYEES (a) Employment  Bene fi  t Liabilities Provision for employee bene fi  ts and directors’  bene fi  ts and related on-cost liabilities - Current (Note 17) 751 869 751 869 - Non-current (Note 17) 78 180 78 180 829 1,049 829 1,049