Holiday Inn 2008 Annual Report Download - page 68

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66 IHG Annual Report and Financial Statements 2008
3 Staff costs and Directors’ emoluments
2008 2007
$m $m
Staff
Costs:
Wages and salaries 588 586
Social security costs 55 61
Pension and other post-retirement benefits:
Defined benefit plans (note 24) 88
Defined contribution plans 30 25
681 680
2008 2007
Average number of employees, including part-time employees:
Americas 3,570 3,761
EMEA 2,012 2,249
Asia Pacific 1,481 1,514
Central 1,271 1,150
8,334 8,674
The costs of the above employees are borne by IHG. In addition, the Group employs 4,037 (2007 3,695) people who work in managed hotels
or directly on behalf of the system funds and whose costs of $235m (2007 $216m) are borne by those hotels or by the funds.
2008 2007
$m $m
Directors’ emoluments
Base salaries, fees, performance payments and benefits 7.8 9.3
More detailed information on the emoluments, pensions, option holdings and shareholdings for each Director is shown in the
Remuneration Report on pages 40 to 48.
4 Auditor’s remuneration paid to Ernst & Young LLP
2008 2007
$m $m
Group audit fees 1.7 2.8
Audit fees in respect of subsidiaries 1.5 2.6
Tax fees 1.0 0.8
Interim review fees 0.4 0.4
Other services pursuant to legislation 0.1 0.2
Other 2.8 2.4
7.5 9.2
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.
Notes to the Group financial statements continued