Barclays 2005 Annual Report Download - page 210

48 Transactions with Directors and other Key Management Personnel (continued)
Contracts with Directors (and their connected persons) and Managers
The aggregate amounts outstanding at 31st December 2005 under transactions, arrangements and agreements made by authorised institutions
within the Group for persons who are, or were during the year, Directors of Barclays PLC and persons connected with them and for Managers,
within the meaning of the Financial Services and Markets Act 2000, of Barclays Bank PLC were:
Number of Number of
Directors or connected Amount
Managers persons £000
Directors
Loans 4 – 805
Quasi-loans and credit card accounts 10 6 112
Managers
Loans 7 n/a 7,294
Quasi-loans and credit card accounts 8 n/a 27
Other information regarding transactions:
Each of the transactions, arrangements and agreements disclosed were made in accordance with the requirements of the Companies Act 1985 and
the US Sarbanes-Oxley Act of 2002.
There are no other transactions, arrangements or agreements with Barclays PLC or its subsidiaries in which Directors, or persons connected with
them, or Managers of Barclays Bank PLC had a material interest and which are disclosable under the relevant provisions of the Companies Act 1985.
Remuneration of Directors and other Key Management Personnel
The following information is presented in accordance with IAS 24 ‘Related Party Disclosure’, which requires disclosure of the employee benefits of
Directors and other Key Management Personnel.
Directors and other Key
Management Personnel
2005 2004
£000 £000
Salaries and other short-term benefits 32,864 31,675
Pension costs 1,063 2,054
Other long-term benefits 21,500 11,412
Termination benefits 1,522 433
Share-based payments 25,279 14,257
Employer social security charges on emoluments 10,385 7,340
Two Directors (Naguib Kheraj and David Roberts) have agreed to waive their fees as non-executive Directors of Absa Group Limited and Absa Bank
Limited. The respective fees for 2005 were R161,033 (£14,809) and R140,366 (£12,908), which fees were paid to Barclays.
For US disclosure purposes, the aggregate emoluments of all Directors and Officers of Barclays PLC who held office during the year (2005: 25 persons,
2004: 30 persons) for the year ended 31st December 2005 amounted to £75,241,000 (2004: £48,125,000). In addition, the aggregate amount set
aside for the year ended 31st December 2005, to provide pension benefits for the Directors and Officers amounted to £240,000 (2004: £1,939,000).
The aggregate emoluments of all Directors and Officers of Barclays Bank PLC who held office during the year (2005: 26 persons, 2004: 31 persons)
for the year ended 31st December 2005 amounted to £75,390,000 (2004: £48,263,000). In addition, the aggregate amount set aside by the Bank
and its subsidiaries for the year ended 31st December 2005, to provide pension benefits for the Directors and Officers amounted to £240,000
(2004: £1,939,000).
The aggregate emoluments and other benefits of the Directors of Barclays PLC set out below are disclosed in accordance with Part 1 of Schedule 6
to the Companies Act 1985.
2005 2004
£000 £000
Aggregate emoluments 17,300 16,229
Gains made on the exercise of share options 345 928
Amounts paid under long-term incentive schemes ––
Actual pension contributions to money purchase scheme (2005: two Directors and 2004: one Director) 115 115
Notional pension contributions to money purchase scheme (2005: no Directors and 2004: one Director) –990
As at 31st December 2005, four Directors were accruing retirement benefits under a defined benefit scheme (2004: four Directors).
Notes to the accounts
For the year ended 31st December 2005
Barclays PLC
Annual Report 2005
208