Holiday Inn 2013 Annual Report Download - page 125
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3. Staff costs and Directors’ emoluments
2013
$m
2012
(restated2)
$m
2011
(restated2)
$m
Staff
Costs:
Wages and salaries 580 547 550
Social security costs 41 44 43
Pension and other post-retirement benefits:
Defined benefit plans1 (note 26) 10 13 19
Defined contribution plans 25 22 22
656 626 634
1 Before exceptional items.
2 Restated for the adoption of IAS I9R ‘Employee Benefits’ (see page 111).
2013 2012 2011
Average number of employees, including part-time employees:
Americas 2,548 2,552 2,895
Europe 1,602 1,866 1,574
Asia, Middle East and Africa 1,545 1,195 1,195
Greater China 1,083 1,051 1,000
Central 1,401 1,317 1,292
8,179 7,981 7,956
The costs of the above employees are borne by IHG. Of these, 94% were employed on a full-time basis and 6% were employed on a
part-time basis.
In addition to the above, the Group has employees who work directly on behalf of the System Fund and whose costs are borne by the Fund
as disclosed in note 34. In line with IHG’s business model, IHG also employs 578 (2012 587, 2011 577) General Managers who work in the
managed hotels and whose costs of $135m (2012 $132m, 2011 $125m) are borne by those hotels and, in the US predominantly, there are
12,588 (2012 12,494, 2011 14,596) other hotel workers in the managed hotels who have contracts or letters of service with IHG whose costs
of $376m (2012 $430m, 2011 $448m) are borne by those hotels.
2013
$m
2012
$m
2011
$m
Directors’ emoluments
Base salaries, fees, performance payments and benefits 8.5 9.7 8.3
Pension benefits under defined contribution plans 0.4 0.2 0.2
More detailed information on the emoluments, pensions, option holdings and shareholdings for each Director is shown in the Directors’
Remuneration Report on pages 74 to 97.
4. Auditor’s remuneration paid to Ernst & Young LLP
2013
$m
2012
$m
2011
$m
Audit of the Financial Statements 2.0 2.8 1.9
Audit of subsidiaries 1.4 1.5 1.5
Audit-related assurance services 0.5 1.0 0.8
Other assurance services 1.2 1.4 1.2
Tax compliance 0.2 0.3 0.2
Tax advisory 0.4 0.2 0.5
Other non-audit services not covered by the above 0.1 –0.1
5.8 7.2 6.2
Audit fees in respect of the pension scheme were not material.
Notes to the Group Financial Statements 123
OVERVIEW STRATEGIC REPORT GOVERNANCE
GROUP
FINANCIAL STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS ADDITIONAL INFORMATION