probably they just counted the other column in the annual report which refers to his incentive for this year, as well as the column that referred to his incentive for last year.
TinyTim: From the annual report, Reynold's remuneration for 08/09:
Base salary: $1.75M
Performance incentive scheme for 08/09 (paid Aug '09): $3.06M (cash+shares)
Performance rights scheme: $2.1M (shares)
Special payments (trips home to the UK): $0.244M (must be a top contract negiotiator!)
TOTAL: $7.1M
It's a technicality I guess and depends on whether you want to talk about "what he got paid last year" or what his total package is. The OP refers to what he got paid,
If it was paid in Aug 09, then technically it wasn't "what he got paid last year" (since the financial year ends in June.) To talk about what he got paid last year you would include the other column for annual incentive (paid Aug 08) which was $1.3m.
from the report "This figure [3.06m] is the actual annual incentive earned for the year ending 30 June 2009 and paid in August 2009, being the 2010 financial year."
To refer to what he go paid in FY09 would be: salary paid in FY09 = 1.75m performance incentive paid in FY09 = 1.3m rights issued in FY09 = 2.1m spoecial payments = 250k
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