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AXIOM MINING LIMITED
ANNUAL REPORT 2015
Directors’ report
continued
GROUP FINANCIAL REPORT
Remuneration report (continued)
Share options and performance rights (continued)
Indemnification of officers and auditors
During the financial year, the Company paid an insurance
premium in respect of a contract insuring Directors
and officers against liability arising from claims brought
against them individually or jointly while performing
services for the Company, and against expenses relating
thereto, in accordance with the Company’s constitution.
In accordance with commercial practice, the insurance
policy prohibits disclosure of the amount of the premium
and the nature and the amount of the liability covered.
Non-audit services
The Board of Directors, in accordance with advice from
the audit committee, is satisfied that the provision of
non-audit services during the year is compatible with the
general standard of independence for auditors imposed
by the Corporations Act 2001. The directors are satisfied
that the services disclosed below did not compromise the
external auditor’s independence for the following reasons:
–
all non-audit services are reviewed and approved by the
Board prior to commencement to ensure they do not
adversely affect the integrity and objectivity of the auditor;
and
–
the nature of the services provided does not compromise
the general principles relating to auditor independence
in accordance with APES 110: Code of Ethics for
Professional Accountants set by the Accounting
Professional and Ethical Standards Board.
Audit fees and fees for non-audit services are disclosed
in Note 19 to the consolidated financial statements.
Auditor’s independence declaration
The lead auditor’s independence declaration for the year
ended 30 September 2015 has been received and can be
found on page 34 of the financial report.
This Directors’ Report, incorporating the Remuneration
Report, is signed in accordance with a resolution of the
Board of Directors.
Signed in accordance with a resolution of the Board
of Directors.
Stephen Ray Williams
Chairman
Dated at Brisbane 21 December 2015