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46 National Grid Gas plc Annual Report and Accounts 2009/10
3. Operating costs continued
(d) Directors' emoluments
(e) Auditors' remuneration
2010 2009
£m £m
A
udit services
A
udit of parent Company and consolidated financial statements 0.2 0.3
Other services
Other services supplied pursuant to legislation 0.2 0.2
The aggregate emoluments for the highest paid Director were £500,781 for 2010 (2009: £500,716); and total accrued annual pension at 31
March 2010 for the highest paid Director was £99,419 (2009: £85,676).
Other services supplied pursuant to legislation represents fees payable for services in relation to engagements which are required to be
carried out by the auditor. In particular, this includes fees for audit reports on regulatory returns and fees for reports under section 404 of the
US Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley).
A number of the current Directors are also Directors and employees of National Grid plc or a subsidiary undertaking of that Company and are
paid by these companies.
As at 31 March 2010, retirement benefits were accruing to six Directors under a defined benefit scheme (2009: six Directors under a defined
benefit scheme).
The aggregate amount of emoluments paid to Directors in respect of qualifying services for 2010 was £1,476,935 (2009: £1,355,133). There
were no payments in respect of compensation for loss of office in either year.
The highest paid Director and five other Directors exercised share options during 2010 (2009: highest paid Director and two other Directors).