Holiday Inn 2006 Annual Report Download - page 61

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Notes to the Group financial statements
3 Staff costs and Directors’ emoluments
2006 2005
Staff £m £m
Costs:
Wages and salaries 301 465
Social security costs 38 61
Pension and other post-retirement benefits:
Defined benefit plans (note 23) 619
Defined contribution plans 11 15
356 560
2006 2005
Average number of employees, including part-time employees:
Hotels 11,456 18,995
Soft Drinks –2,991
11,456 21,986
2006 2005
Directors’ emoluments £m £m
Base salaries, fees, performance payments and benefits* 4.5 4.1
Gains on exercise of share options 6.7 1.7
More detailed information on the emoluments, pensions, option holdings and shareholdings for each Director is shown in the
Remuneration Report on pages 31 to 39.
* Includes long-term reward of £nil (2005 £0.4m).
2006 2005
4 Auditor’s remuneration paid to Ernst & Young LLP £m £m
Group audit fees 0.9 1.0
Audit fees in respect of subsidiaries 1.4 2.1
Tax fees 0.7 0.6
Fees in respect of reporting under Sarbanes Oxley Act 1.0 –
Interim review fees 0.2 0.2
Other services pursuant to legislation 0.1 0.8
Corporate finance fees 0.1 1.8
Other 0.8 0.7
5.2 7.2
Audit fees in respect of the pension scheme were not material.
The Audit Committee has a process to ensure that any non-audit services do not compromise the independence and objectivity of the
external auditor and that relevant UK and US professional and regulatory requirements are met. A number of criteria are applied when
deciding whether pre-approval for such services should be given. These include the nature of the service, the level of fees and the
practicality of appointing an alternative provider, having regard to the skills and experience required to supply the service effectively.
Cumulative fees for audit and non-audit services are presented to the Audit Committee on a quarterly basis for review. The Audit
Committee is responsible for monitoring adherence to the pre-approval policy.
IHG Notes to the Group financial statements 59