COMPUTERSHARE ANNUAL REPORT 2008

Notes to the Financial Statements(b) Performance rightsThe DLI Plan was approved at the Annual General Meeting held on 9 November 2005. The DLI Plan is offered to eligible keymanagement personnel and senior managers in the Group to recognise their ongoing ability and expected efforts and contribution tothe performance and success of the Group. The total number of rights approved for issue was 10.0 million, of which 2.75 million weregranted on 20 December 2005 (of which 100,000 were vested and 150,000 were forfeited during the year ended 30 June 2007) and1.1 million performance rights were granted on 13 November 2006.Performance rights are granted under the plan for no consideration and carry no dividend or voting rights. Under the DLI Plan,the performance rights give an entitlement to one fully paid ordinary share per performance right issued subject to satisfaction ofperformance hurdles and continued employment.The assessed fair value of performance rights granted to key management personnel as remuneration is allocated equally overthe period from grant date to vesting date. Fair values at grant date are independently determined using a Black Scholes optionpricing model.Set out below are summaries of performance rights granted under the plan:Balance atbeginning of yearVestedduring the yearForfeitedduring the yearGrantedduring the yearBalance atend of yearExercisableat end of year3,600,000 - - 1 - 3,600,000 -1T. Honan resigned with effect from 10 September 2008 and in accordance with the terms of the DLI Plan all performance rights held were forfeited.No performance rights became exercisable during the current year. No performance rights expired during the period covered by theabove table.(c) Options over ordinary sharesEmployee optionsOn 13 September 2007, 200,000 employee options were issued. These options are exercisable between 1 March 2011 and30 June 2012 with an exercise price of AU$9.00. No employee options have been issued since year end.(d) Employee benefits recognisedConsolidatedParent entity2008 2007 2008 2007$000 $000 $000 $000Performance rights expense 3,853 3,082 3,853 3,082Share plan and options expense 11,275 11,123 611 1,129Aggregate employee entitlement liability (note 20 and note 23) 27,895 25,387 775 65643,023 39,592 5,239 4,86729. COMMITMENTS(a) Superannuation commitmentsDefined Contribution FundsThe Company and its subsidiaries maintain defined contribution superannuation schemes which provide benefits to all employeesupon their disability, retirement or death. Employee contributions to the funds are based upon various percentages of employees’gross salaries as set out below:Australian subsidiaries contribute to the defined contribution funds as follows:Category 1 Management (employer contributions, voluntary employee contributions of at least 1%)Category 2 Staff (statutory employer contributions of 9%, voluntary employee contributions)Category 3 SGC Staff and casual and fixed term employees (statutory employer contributions, voluntary employee contributions)Foreign subsidiaries contribute to the defined contribution funds as follows:United Kingdom entities – between 7% and 10% of employees gross salariesUnited States entities – voluntary employee contributions with matching employer contribution up to 4% of employees base salariesCanadian entities – between 2% and 7% of employees base salaries dependent upon years of serviceSouth African entities – 12.25% of employees gross salariesNew Zealand entities – voluntary employee contributions with matching employer contribution up to 6% of employees’ base salariesHong Kong entities – between 5% and 20% of employees’ base salary dependent upon years of serviceIndian entity – 12% of employees gross salariesPAGE 66 Computershare Annual Report 2008