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National Grid Gas plc Annual Report and Accounts 2010/11 73
Notes to the Company financial statements
1. Auditors' remuneration
A
uditors' remuneration in respect of the Company is set out below:
2011 2010
£m £m
A
udit services
A
udit fee of Company 0.3 0.2
Other services
Other services supplied pursuant to legislation 0.2 0.2
2. Number of employees, including Directors
2011 2010
Average Average
number number
United Kingdom - continuing operations 5,412 5,678
3. Directors' emoluments
Details of Directors' emoluments are provided in note 3(d) to the consolidated financial statements.
4. Pensions
5. Tangible fixed assets
Assets Motor
in the vehicles
Land and Plant and course of and office
buildings machinery construction equipment Total
£m £m £m £m £m
Cost at 1 April 2010 120 10,612 23 875 11,630
A
dditions 67 288 62 114 531
Disposals - (28) - (6) (34)
Reclassifications 1 2 (17) (4) (18)
Cost at 31 March 2011 188 10,874 68 979 12,109
Depreciation at 1 April 2010 (51) (4,039) (3) (612) (4,705)
Depreciation charge for the year (11) (276) - (72) (359)
Disposals -21 - 627
Depreciation at 31 March 2011 (62) (4,294) (3) (678) (5,037)
Net book value at 31 March 2011 126 6,580 65 301 7,072
Net book value at 31 March 2010 69 6,573 20 263 6,925
The net book value of land and buildings comprised:
2011 2010
£m £m
Freehold 104 48
Short leasehold (under 50 years) 22 21
126 69
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).
Included within creditors (amounts falling due within one year) and creditors (amounts falling due after more than one year) are contributions
to the cost of tangible fixed assets amounting to £17m (2010: £17m) and £638m (2010: £651m) respectively.
The cost of tangible fixed assets at 31 March 2011 included £147m (2010: £132m) relating to interest capitalised.
Substantially all the Company's employees are members of the defined benefit section of the National Grid UK Pension Scheme. There is no
contractual arrangement or stated policy for charging the net defined benefit cost of the scheme to the Company. Accordingly, the Company
accounts for the scheme as if it were a defined contribution scheme.
The disclosures required by FRS 17 are provided in notes 5 and 26 to the consolidated financial statements.