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Staff costs and Directors Remuneration (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of Staff costs and Directors Remuneration [Abstract]  
Schedule of Staff Costs and Directors Remuneration

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

Number of employees at year end

 

439

 

457

 

405

Amounts in US$ ‘000

 

 

 

  

 

  

Wages and salaries

 

55,325

 

52,644

 

41,775

Share-based payments (Note 31)

 

2,717

 

5,446

 

4,075

Social security charges

 

6,888

 

7,464

 

5,364

Director’s fees and allowance

 

3,266

 

2,876

 

3,458

 

 

68,196

 

68,430

 

54,672

 

 

  

 

  

 

  

Recognized as follows:

 

  

 

  

 

  

Production and operating costs

 

14,542

 

18,603

 

12,358

Geological and geophysical expenses

 

18,448

 

15,527

 

11,026

Administrative expenses

 

35,206

 

34,300

 

31,288

 

 

68,196

 

68,430

 

54,672

 

 

  

 

  

 

  

Board of Directors’ and key managers’ remuneration

 

  

 

  

 

  

Salaries and fees

 

13,483

 

12,452

 

9,674

Share-based payments

 

2,251

 

2,918

 

2,322

Other benefits in kind

 

262

 

272

 

287

 

 

15,996

 

15,642

 

12,283

 

Schedule of Directors' Remuneration

Directors’ Remuneration

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Executive

    

Executive

    

Non-Executive

    

Director Fees

    

Cash Equivalent

 

 

Directors’ Fees

 

Directors’ Bonus

 

Directors’ Fees

 

Paid in Shares

 

Total Remuneration

 

 

(in US$)

 

(in US$)

 

(in US$)

 

(No. of Shares)

 

(in US$)

Gerald O’Shaughnessy

 

400,000

 

 —

 

 —

 

 —

 

400,000

James F. Park

 

800,000

 

909,352

 

 —

 

 —

 

1,709,352

Pedro E. Aylwin (a)

 

14,625

 

 —

 

 —

 

 —

 

14,625

Juan Cristóbal Pavez (b)

 

 —

 

 —

 

110,000

 

5,844

 

210,000

Carlos Gulisano (c)

 

 —

 

 —

 

108,750

 

5,844

 

208,750

Robert Bedingfield (d)

 

 —

 

 —

 

110,000

 

5,844

 

210,000

Jamie Coulter

 

 —

 

 —

 

90,000

 

5,844

 

190,000

Constantin Papadimitriou

 

 —

 

 —

 

88,750

 

5,844

 

188,750


(a)

Pedro E. Aylwin has a service contract that provides for him to act as Director of Legal and Governance.

(b)

Compensation Committee Chairman.

(c)

Technical Committee Chairman.

(d)

Audit Committee Chairman.