Tesco 2009 Annual Report Download - page 131

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129
FINANCIAL STATEMENTS
Tesco PLC Annual Report and Financial Statements 2009
To find out more go to
www.tesco.com/annualreport09
Note 2 Auditor remuneration
2009 2008
£m £m
Fees payable to the Company’s auditor for the audit of the Parent Company and Group financial statements 0. 6 0.6
Note 3 Employment costs, including Directors’ remuneration
2009 2008
£m £m
Wages and salaries 15 12
Social security costs 1 6
Pension costs 1 1
Share-based payment expense 18 20
35 39
The average number of employees (all Directors of the Company) during the year was: 14 (2008 – 15).
The Schedule VI requirements for Directors’ Remuneration are included within the Directors’ Remuneration Report on pages 50 to 64.
Note 4 Dividends
For details of equity dividends see note 8 in the Group financial statements.
Note 5 Investments
Shares in Group Shares in
undertakings joint ventures Total
£m £m £m
Cost
As at 23 February 2008 9,612 162 9,774
Additions 1,434 – 1,434
Transferred to subsidiary undertaking 146 (146) –
Disposals (6) – (6)
As at 28 February 2009 11,186 16 11,202
Impairment
As at 23 February 2008 223 – 223
Provision for impairment 4 – 4
As at 28 February 2009 227 – 227
Net carrying value
As at 28 February 2009 10,959 16 10,975
As at 23 February 2008 9,389 162 9,551
For a list of the Company’s principal operating subsidiary undertakings and joint ventures see note 13 in the Group financial statements.
The impairment charge for the year primarily relates to the revaluation of the Company’s listed fixed asset investments to fair value based on quoted
market prices at the Balance Sheet date (note 14 of the Group financial statements).