BEC becton property group

Extracts below from the 2010 Annual Report.M B Chun remuneration...

  1. 56 Posts.
    Extracts below from the 2010 Annual Report.

    M B Chun remuneration : -

    $ 582,106 Salary
    $ 75,000 Retention payments
    $ 24,352 Non monetary benefits
    $ 13,744 Super
    $ 23,410 Long service leave
    $ 150,749 At risk incentive - equity based payments

    $ 869,361 Total


    Auditor's Opinion (Deloitte) : -

    "
    In our opinion:

    Material uncertainty regarding continuation as a going concern and the carrying value of investments in certain funds managed by Becton Property Group Limited

    Without qualifying our opinion, we draw attention to Note 1(b) in the financial report which indicates that the consolidated entity incurred a net loss of $84.4 million during the year ended 30 June 2010 and, at that date, the consolidated entity's current liabilities exceeded its current assets by $86.5 million. These conditions, along with other matters as set forth in Note 1(b), indicate the existence of a material uncertainty which may cast significant doubt about the company and the consolidated entity's ability to continue as going concerns and whether they will realise their assets and extinguish their liabilities in the normal course of business and at the amounts stated in the financial report.

    Furthermore, without qualifying our opinion, we draw attention to Note 1(c) in the financial report which indicates that material uncertainty exists in relation to certain Becton Property Group Limited managed property funds' ability to continue as going concerns, which in turn creates a material uncertainty in relation to the carrying value of Becton Property Group Limited's investment in these funds.
    "
 
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