Barclays 2006 Annual Report Download - page 225

Barclays PLC
Annual Report 2006 221
Financial statements
3
46 Related party transactions and Directors’ remuneration (continued)
Remuneration of Directors and other Key Management Personnel
Directors, other Key Management
Personnel and connected persons
2006 2005 2004
£m £m £m
Salaries and other short-term benefits 34.2 32.9 31.7
Pension costs 0.8 1.1 2.1
Other long-term benefits 9.3 21.5 11.4
Termination benefits 1.4 1.5 0.4
Share-based payments 27.2 25.3 14.3
Employer social security charges on emoluments 10.0 10.4 7.3
82.9 92.7 67.2
(b) Disclosures required by the Companies Act 1985
The following information is presented in accordance with the Companies Act 1985:
Directors’ remuneration
2006 2005
£m £m
Aggregate emoluments 32.0 17.3
Gains made on the exercise of share options 5.5 0.3
Amounts paid under long-term incentive schemes ––
Actual pension contributions to money purchase scheme (2006: one Director, £11,414 and 2005: two Directors, £114,856) –0.1
Notional pension contributions to money purchase scheme (2006: no Directors and 2005: no Directors) ––
37.5 17.7
As at 31st December 2006, four Directors were accruing retirement benefits under a defined benefit scheme (2005: four Directors).
Three Directors (Naguib Kheraj, David Roberts and Frits Seegers) have agreed to waive their fees as non-executive Directors of Absa Group Limited
and Absa Bank Limited. The respective fees for 2006 were ZAR0.4m (£0.03m), ZAR0.4m (£0.03m) and ZAR0.1m (£0.01m). The fees for 2005 were
ZAR0.2m (£0.02m) for Naguib Kheraj and ZAR0.1m (£0.01m) for David Roberts (Frits Seegers was not a non-executive Director of Absa Group
Limited or Absa Bank Limited in 2005). In both 2005 and 2006 the fees were paid to Barclays.
Directors’ and Officers’ shareholdings and options
The beneficial ownership of the ordinary share capital of Barclays PLC by all Directors and Officers of Barclays PLC (involving 22 persons) and Barclays
Bank PLC (involving 23 persons) at 31st December 2006 amounted to 3,999,415 ordinary shares of 25p each (0.06% of the ordinary share capital
outstanding) and 4,001,170 ordinary shares of 25p each (0.06% of the ordinary share capital outstanding), respectively.
Executive Directors and Officers of Barclays PLC as a group (involving 11 persons) held, at 31st December 2006, options to purchase 9,735,764
Barclays PLC ordinary shares of 25p each at prices ranging from 316p to 510p under Sharesave and at 397p under the Executive Share Option Scheme
and ranging from 326p to 534p under the Incentive Share Option Plan, respectively.