Carphone Warehouse 2006 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2006 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

Remuneration Report continued
Aggregate remuneration*
The total amounts of Directors’ remuneration and other benefits (excluding pension contributions) were as follows:
Basic Taxable Annual 2006 2005
salary/fees benefits (i) bonuses (ii) Total Total
Director £’000 £’000 £’000 £’000 £’000
Executive
J H Dale 126 10 250
386 279
C W Dunstone 431 34 878
1,343 689
D Goldie 240 14 488 742 –
G Roux de Bezieux 274 17 556 847 446
R W Taylor 293 14 585
892 500
Non-Executive
M Dawes 9 – – 931
S Esom 20 – –
20 –
J Gildersleeve 186 – –
186 35
D Mansfield 20 – –
20 –
A Martin 49 – –
49 45
S Morgan 17 – –
17 –
Sir B Pitman 48 – –
48 35
D Ross 170 8 –
178 413
H R Snook 50 – – 50 150
Aggregate emoluments 1,933 97 2,757 4,787 2,623
Notes
(i) The taxable benefits provided consist of a company car or car allowance, car insurance, fuel and private medical cover.
(ii) Annual bonuses for the period ended 1 April 2006 were accrued at the balance sheet date and will be paid in June 2006. For this period, the bonus
was based on a range of stretching Headline EPS targets. Headline EPS for the period was 12.38p (an increase of 33.8% over the previous year)
which resulted in the maximum bonus of 195% of salary being earned.
The Remuneration Committee is satisfied that this bonus has provided an excellent link between reward and operating performance, and the creation
of further shareholder value.
Pension contributions*
The schedule below sets out payments to defined contribution pension schemes on behalf of Executive Directors. Geoffroy Roux de Bezieux and
Roger Taylor were members of a UK stakeholder pension scheme. Roger Taylor opted to move to a Self Invested Pension Plan during the year.
David Goldie has a fixed amount of salary paid into a defined contribution pension plan. Under the schemes a fixed proportion of salary is paid by
the Company, together with a fixed proportion by the Executive Director. Both amounts are invested on behalf of the Executive Director. Pension
benefits are then funded by the total investment. Jim Dale has a similar scheme in the Isle of Man. Levels are reviewed annually against published
market data. None of the Directors was a member of a defined benefit pension scheme. Pension entitlements are based on basic salary only.
£’000 £’000
Director 2006 2005
J H Dale 67
D Goldie 48 –
G Roux de Bezieux 14 12
R W Taylor 15 14
Total 83 33
The Carphone Warehouse Group PLC Annual Report 2006
28