Appendix 2: Statutory remuneration disclosures Executive remuneration  The remuneration arrangements for all of the persons listed as Executive Voting Directors or Executives are described in section 1  above. In accordance with the requirements of AASB 124 Related Party Disclosures, the remuneration disclosures for the years ended  31 March 2014 and 31 March 2013, only include remuneration relating to the portion of the relevant periods that each individual  was an Executive KMP. Hence, comparable executive remuneration is confined to those who were Executive KMP for the full year in  both FY2014 and FY2013.  While RSUs/DSUs, and PSUs for Executive Committee members, in respect of the current year’s performance will be granted in the  following financial year, the Consolidated Entity begins recognising an expense (based on an initial estimate) from 1 April of the  current financial year related to these future grants. The expense is estimated using the Company’s share price as at 31 March  2014 (and for PSUs, also incorporates an interest rate to maturity of 3.62 per cent; expected vest dates of PSU: 1 July 2017 and 3  July 2018; and a dividend yield of 5.02 per cent per annum) and the number of equity instruments expected to vest. In the following  financial year, the Consolidated Entity will adjust the accumulated expense recognised for the final determination of fair value for  each RSU, DSU and PSU when granted, and will use this valuation for recognising the expense over the remaining vesting period.  As explained in section 1.3.3 above, profit share amounts retained under the Post-2009 DPS Plan are notionally invested for  Executive Directors, providing them with an economic exposure to the underlying investments, typically Macquarie-managed  funds. This ensures that they are exposed to both the upside and downside of the underlying securities.  Executive Directors are each entitled to amounts equivalent to the investment earnings (dividends/distributions and security price  appreciation) on the underlying securities. Where these amounts are positive, they may be paid to Executive Directors and are  included in the relevant remuneration disclosures below as part of Long-Term Employee Benefits (refer to the ‘Earnings on prior  year restricted profit share’ column in the tables on pages 74 and 75). When these amounts are negative, they are deducted from  Long-Term Employee Benefits remuneration in the same column.  These earnings on retained DPS amounts reflect the investment performance of the assets in which prior year retained amounts  have been invested. Their inclusion in the individual remuneration disclosures below may therefore cause distortions when year-on- year remuneration trends are examined. They do not reflect remuneration review decisions made in relation to the individual’s  current year performance.  In FY2012 and FY2013, Macquarie included three additional disclosures for the CEO, in line with CAMAC’s indicative guidelines. These disclosures were provided in anticipation of the Australian Government adopting these guidelines into legislation. In April  2014, the Australian Government released new draft legislation ( Corporations Legislation Amendment (Deregulatory and Other  Measures) Bill 2014 ) that does not require these additional disclosures. Macquarie’s remuneration disclosures for FY2014 are those  that are required under Australian Accounting Standards and the  Corporation Act 2001 (Cth) .  73 