Ann: Annual General Meeting , page-2

My interpretation of the Annual Report;

Share price is down
revenue is down
Liabilities are up
profit (or Loss) from 3 Mill to 4Mill

At least one thing always goes up... Executive remuneration.
Len Walker- $300K up from $230K (25% above CPI?)
Other Execs pay rise of about $40K

Wonder if this is to compensate for the loss in value of thier Cougar share options?