BT 2002 Annual Report Download - page 117

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32. Directors
Directors' emoluments
The emoluments of the directors for the year ended 31 March 2002 and the bene®ts received under the long-term incentive
plans were, in summary, as follows:
2002
£000
2001
£000
2000
£000
Salaries 2,223 2,199 1,878
Performance-related bonus 1,691 1,036 1,295
Deferred bonus in shares 492 531 573
Other bene®ts 160 182 148
4,566 3,948 3,894
Payments to non-executive directors
a
414 388 302
Total emoluments 4,980 4,336 4,196
Gain on the exercise of share options
b
75 ± ±
Value of shares vested under the Executive Share Plan and the Performance Share Plan
c d
483 782 1,845
a
Payments to non-executive directors include fees paid to their principal employer of £nil (2001 ± £nil, 2000 ± £nil).
b
The amount for the year ended 31 March 2002 is entirely attributable to former directors.
c
The amount for the year ended 31 March 2000 includes £834,000 attributable to a former director.
d
The amount for the year ended 31 March 2001 is entirely attributable to former directors.
More detailed information concerning directors' remuneration, shareholdings, pension entitlements, share options and other
long-term incentive plans is shown in the report on directors' remuneration from pages 62 to 69.
33. People employed 2002 2001 2000
Year end
'000
Average
'000
Year end
'000
Average
'000
Year end
'000
Average
'000
Number of employees in the group:
UK 100.1 104.9 106.4 109.7 115.9 114.6
Non-UK 8.5 9.7 10.4 8.6 4.9 6.0
Total continuing activities 108.6 114.6 116.8 118.3 120.8 120.6
UK ± 5.8 11.5 10.6 10.1 9.2
Non-UK ± 4.4 8.7 4.5 5.9 2.3
Total discontinued activities ± 10.2 20.2 15.1 16.0 11.5
Total employees 108.6 124.8 137.0 133.4 136.8 132.1
34. Employee share schemes
The company has a share ownership scheme used for employee share allocations (pro®t sharing), an employee share
investment plan, savings-related share option schemes for its employees and those of participating subsidiaries, further
share option schemes for selected group employees and an employee stock purchase plan for employees in the United
States. It also has several share plans for executives.
Share option schemes
The major share option scheme, the BT Employee Sharesave Scheme, is savings related and the share options are
normally exercisable on completion of a three or ®ve year Save As You Earn contract. A similar savings related scheme
exists for group employees based outside the UK. Following BT's rights issue in 2001, the option prices under these
schemes were reduced and the number of shares under option was increased, by a factor of approximately 11.3%. The
table on the following page sets out the adjusted ®gures.
Following the rights issue, options under the BT Share Option Scheme, the BT US Stock Option Plan, the
BT Worldwide Share Option Scheme, and the BT Global Share Option Plan (the `Executive Option Plans') were adjusted in
the same way as the options under the Sharesave schemes.
Notes to the financial statements
116 BT Group Annual Report and Form 20-F 2002