NOTES TO THE FINANCIAL STA TEMENTS for the year ended 31 December 2004 26. Specified Director and Specified Executive Disclosures (continued) (e) Equity Holdings (continued) Balance at  Received  Balance Balance beginning Granted as on exercise  Other at end of held Name of the year remuneration of option Redeemed changes the year nominally No. No. No. No. No. No. No. Specified Executives Ordinary Shares – Fully Paid Gouadain, Jacques Elie 6,000 6,216 – – – 12,216 – Moore, Paul Derek 6,198 5,827 – – – 12,025 – Wasow, Peter Christopher 8,364 7,770 – – – 16,134 – Wilkinson, Richard John 6,764 5,827 – – – 12,591 – Wood, Bruce James 1,000 5,439 – – – 6,439 – Young, Jonathon Terence 8,636 8,547 – – – 17,183 – Consolidated Santos Ltd 2004 2003 2004 2003 27. Remuneration of Auditors $000 $000 $000 $000 Amounts received or due and receivable by the auditors of Santos Ltd for: External audit services 715 649 388 363 Other services: Taxation 147 112 – – Due diligence 3 23 58 – Other 9 16 6 10 874 800 452 373 (f) Loans and Other Transactions Loans Other Transactions with the Company or its Controlled Entities 28. Segment Information Geographic segments There have been no loans outstanding at any time throughout th year with any Specified Director or Specified Executive. Agreements exist with the non-executive Directors appointed prior to 1 Ja nuary 2004 providing for the payment of a sum on retirement from office as a Director in accordance with shareholder approval at th 1989 Annual General Meeting. From 30 June 2004 the retirement allowances ceased to accrue. The transactions referred to above occurred on terms no more favourable than would have been adopted if dealing at arm’s length, do not have the potential to affect adversely decisions about the allocation of scarce r esources and are trivial in nature. The auditors ceased providing taxation services from 31 December 2004. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items mainly comprise dividend revenue, interest-earnin assets and revenue, interest-bearing loans, borrowings and expenses, and corporate assets and liabilities. Segment capital expenditure is the total cost incurred during the period to acquir e segment assets that are expected to be used for more than one period. The Santos Group operates primarily in Australia but also has international operations in the United States, Papua New Guinea, Indonesia and Egypt. 80 Annual Report 2004