BT 2014 Annual Report Download - page 142
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139
Financial statements
Financial statements
5. Operating costs
Year ended 31 March Notes
2014
£m
2013
Restated
£m
2012
a Restated
£m
a
Operating costs by nature
Sta costs
Wages and salaries 3,736 3,879 3,963
Social security costs 444 443 454
Other pension costs 19 463 399 423
Share-based payment expense 21 60 64 75
Total staƪ costs 4,703 4,785 4,915
Own work capitalised (600) (620) (652)
Net staƪ costs 4,103 4,165 4,263
Net indirect labour costsb 452 499 579
Net labour costs 4,555 4,664 4,842
Payments to telecommunications operators 2,472 2,677 3,153
Property and energy costs 959 1,022 1,066
Network operating and IT costs 591 587 630
TV programme rights charges 203 – –
Other operating costs 3,672 3,552 3,969
Other operating income (281) (306) (297)
Depreciation of property, plant and equipment
Owned assets 13 2,090 2,175 2,248
Held under nance leases 13 22 19 29
Amortisation of intangible assets 12 583 649 695
Total operating costs before speciƬc items 14,866 15,039 16,335
Specic items 8 276 116 (237)
Total operating costs 15,142 15,155 16,098
Operating costs before specic items include the following
Leaver costsc 14 58 97
Research and development expenditured 739 829 821
Operating lease charges 390 423 404
Foreign currency (gains) losses (2) (5) 7
Government grants (10) (1) –
a Restated, see note 1.
b Net of capitalised indirect labour costs of £396m 201213: £346m, 201112: £335m).
c /eaver costs are included within wages and salaries and social security costs, except for leaver costs of £175m 201213: £113m, 201112: £27m) associated with restructuring, which have been
recorded as a speciƬc item.
d Research and development expenditure includes amortisation of £482m 201213: £550m, 201112: £536m) in respect of internally developed computer software and operating expenses
of £257m 201213: £279m, 201112: £285m).
Compensation of key management personnel
Key management personnel comprise executive and non-executive directors and members of the
Operating Committee
. Compensation of key
management personnel is shown in the table below
Year ended 31 March
2014
£m
2013
£m
2012
£m
Short-term employee benets 11.1 10.5 11.6
Post employment benets 1.0 1.1 1.0
Share-based payments 6.4 6.0 7.8
18.5 17.6 20.4
More detailed information concerning directors’ remuneration, shareholdings, pension entitlements, share options and other long-term incentive
plans is shown in the audited part of the Report on Directors’ Remuneration, which forms part of the consolidated nancial statements.