SAS 0.00% 1.6¢ sky and space company ltd

Ann: Annual Report 2019, page-118

  1. 919 Posts.
    lightbulb Created with Sketch. 294
    Thanks for posting Hunterr.

    I can explain, as I have gone through the report in detail:
    This is where you need to read and understand the report in its entirety, otherwise, you will be misled, and in turn, can mislead others...

    Let's consider Meir's compensation for 2019:
    https://hotcopper.com.au/data/attachments/1870/1870275-555fcb7041631c834dfd1d026bca1f30.jpg

    By 2019, it refers to total compensation between the period: 1st July 2018 to 30th June 2019
    This is the important point you are missing...

    Now. the compensation has been cut by 50% from the 1st of May 2019, as you can see below:
    https://hotcopper.com.au/data/attachments/1870/1870310-228418b30ddc6722ff79600dcdcabff8.jpg

    This means that in the 2019 period (1st July 2018 to 30th June 2019)., there were only 2 months where Meir's compensation was at 50% rate (May and June).

    If you look at next year's annual report, you will see that the amount will be reduced to approx 125K for Salaray and Fees, and anout 135K for Consultancy Fees.
 
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