EasyJet 2014 Annual Report Download - page 113
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Accounts & other information
www.easyJet.com 111
Key management compensation was:
2014
£ million
2013
£ million
Short-term employee benefits 7 8
Share-based payments 6 6
13 14
The Directors of easyJet plc and the other members of the Executive Management Team are easyJet's key management
as they have collective authority and responsibility for planning, directing and controlling the business.
Emoluments paid or payable to the Directors of easyJet plc were:
2014
£ million
2013
£ million
Remuneration 4 4
Gains made on the exercise of Long Term Incentive Plan awards 4 3
8 7
Details of Directors' remuneration are disclosed in the Directors' remuneration report on pages 71 to 88.
5 Tax charge
Tax on profit on ordinary activities
2014
£ million
2013
£ million
Current tax
United Kingdom corporation tax 99 103
Foreign tax 6 4
Prior year adjustments (7) (11)
Total current tax charge 98 96
Deferred tax
Temporary differences relating to property, plant and equipment 25 15
Other temporary differences 3 (9)
Prior year adjustments 8 6
Change in tax rate (3) (28)
Total deferred tax charge/(credit) 33 (16)
131 80
Effective tax rate 22.5% 16.7%
Legislation enacted in 2013 reduced the UK corporation tax rate to 20% from 1 April 2015. As a consequence, deferred tax in
2013 reduced by £28 million resulting in an effective tax rate of 16.7%.