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42 National Grid Gas plc Annual Report and Accounts 2010/11
3. Operating costs continued
(d) Directors' emoluments
(e) Auditors' remuneration
2011 2010
£m £m
A
udit services
A
udit of parent company and consolidated financial statements 0.3 0.2
Other services
A
udit of subsidiary financial statements -0.1
Other services supplied pursuant to legislation 0.2 0.2
One director other than the highest paid director exercised share options during 2011 (2010: highest paid Director and five other Directors).
The aggregate emoluments for the highest paid Director were £420,045 for 2011 (2010: £500,781) and total accrued annual pension at 31
March 2011 for the highest paid Director was £93,954 (2010: £99,419).
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 2011, retirement benefits were accruing to six Directors under a defined benefit scheme (2010: six Directors under a defined
benefit scheme).
The aggregate amount of emoluments paid to Directors in respect of qualifying services for 2011 was £1,318,924 (2010: £1,476,935). There
were payments in respect of compensation for loss of office in the year of £4,182 (2010: nil).