notes to the financial statements for the year ended 30 June 2001 The number of directors whose income was within the following specified bands: 2001 2000 Number Number $20,000 - $29,999  1  - $40,000 - $49,999  -  4 $50,000 - $59,999  4  - $70,000 - $79,999  -  1 $110,000 - $119,999  -  1 $120,000 - $129,999  -  1 $140,000 - $149,999  1  - $340,000 - $349,999  -  1 $360,000 - $369,999  1  - $620,000 - $629,999  -  1 $670,000 - $679,999  1  - Consolidated Parent Entity 2001  2000  2001  2000 $’000 $’000 $’000 $’000 19. REMUNERATION OF EXECUTIVES Remuneration received, or due and receivable, from entities in the consolidated entity and related parties by executive officers  (including directors) whose remuneration was at least $100,000  2,651  2,432  2,651  2,432  Remuneration above does not include option value The establishment of the Executive Option Plan was approved by the Board in March 2001. The first issue pursuant to the Plan was made on 26 April 2001 when 2,350,000 options were offered to eight executives, excluding the Managing Director and the Executive Finance Director. Each option is convertible into one Stapled Security. Each option is issued at no cost to the Optionholder. The exercise price of $3.817, has been determined by Transurban City Link Limited, as the weighted average market price over the week preceding the issue. Options vest in three equal tranches on the second, third and fourth anniversaries of their issue. The Exercise is subject to an Exercise Condition. The Exercise Condition involves a comparison between Total Shareholder Return (TSR) of Transurban’s Stapled Securities over the two years prior to a vesting date of options and the TSR of each of the other companies in the S&P/ASX 200 Industrials as at the end of the relevant Exercise Condition Test Period which have been in the S&P/ASX 200 Industrials for the full term of the Exercise Condition Test Period (Test Companies) measured over the same period. TSR measures the total return on investment of a security. It takes into account both capital appreciation and distribution income. Transurban and each of the Test Companies will be ranked according to their respective TSRs over the Exercise Condition Test Period. The ranking determines the extent to which vested options may be exercised. If Transurban’s TSR exceeds the 65th percentile of the ranking, 100% of the vested options may be exercised. If Transurban’s TSR is below the 25th percentile of the Executive Option Plan 49