Cellmid 2018 Annual Report 41
During the year the following fees were paid or payable for services provided by Grant Thornton Audit Pty Limited, the auditor
of the parent entity, its related practices and unrelated firms:
2018 2017
$ $
Short-term employment benefits 647,636 611,995
Long-term benefits 4,696 4,470
Post-employment benefits 32,361 28,975
Share-based payments - (52,781)
684,693 592,659
2018 2017
$ $
Audit or review of the Group Cellmid Limited
Australia (Grant Thornton) 97,500 -
Australia (BDO) - 56,500
Japan (Grant Thornton) 10,000 -
Japan (BDO) - 10,000
107,500 66,500
No income tax benefit was recognised. This income tax benefit arising from tax losses will only be realised if:
i. the Group derives future assessable income of a nature and of an amount sufficient to enable the Group to benefit from the
deductions for the losses to be realised;
ii. the Group continues to comply with the conditions for deductibility imposed by tax legislation; maintains the continuity of
ownership test and has carried on the same business since the tax loss was incurred; and
iii. no changes in tax legislation adversely affect the Group in realising the benefit from the deductions for the losses.
The Group has adopted the small business tax rate for the Australian entities, being 27.5%. The Group meets the small
business eligibility criteria set by the Australian Taxation Office being aggregated turnover below $25 million and 80% or less
of assessable income is passive income. The Group has no capital tax losses available.
(a) Directors and key management personnel
The following persons were directors or key management personnel of Cellmid Limited during the financial year:
Dr David King (Non-Executive Chairman)
Ms Maria Halasz (CEO and Managing Director)
Mr Bruce Gordon (Non-Executive Director)
Dr Fintan Walton (Non-Executive Director)
Dr Martin Cross (Non-Executive Director)
Mr Dennis Eck (Non-Executive Director)
(b) Directors and key management personnel compensation
Refer to the remuneration report contained in the directors’ report for details of the remuneration paid or payable to each
member of the Group’s key management personnel for the year ended 30 June 2018.
The totals of remuneration paid to Directors and KMP of the company and the Group during the year are as follows: