Barclays 2013 Annual Report Download - page 369

Note 43: Related party transactions and Directors’ remuneration continued
The Group provides banking services to Directors and other Key Management Personnel and persons connected to them. Transactions during the
year and the balances outstanding at 31 December were as follows:
Loans outstanding
2013
£m
2012
£m
As at 1 January 5.9 5.9
Loans issued during the year 14.0 0.6
Loan repayments during the year (6.5) (0.6)
As at 31 December 13.4 5.9
No allowances for impairment were recognised in respect of loans to Directors or other members of Key Management Personnel (or any
connected person). Fully collateralised open derivative positions relating to Directors or other Key Management Personnel amounted to £0.1m
(2012: £nil).
Deposits outstanding
2013
£m
2012
£m
As at 1 January 37. 3 39.1
Deposits received during the year 156.4 141.8
Deposits repaid during the year (93.5) (143.6)
As at 31 December 100.2 37.3
Total commitments outstanding
Total commitments outstanding refers to the total of any undrawn amounts on credit cards and/or overdraft facilities provided to Key
Management Personnel. Total commitments outstanding were £2.6m (2012: £2.3m).
All loans to Directors and other Key Management Personnel (and persons connected to them), (a) were made in the ordinary course of business,
(b) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable
transactions with other persons and (c) did not involve more than a normal risk of collectability or present other unfavourable features.
Remuneration of Directors and other Key Management Personnel
Total remuneration awarded to Directors and other Key Management Personnel below represents the awards made to individuals that have been
approved by the Board Remuneration Committee as part of the latest remuneration decisions and is consistent with the approach adopted for
disclosures set out on pages 89 to 125. Costs recognised in the income statement reflect the accounting charge for the year included within
operating expenses. The difference between the values awarded and the recognised income statement charge principally relates to the recognition
of deferred costs for prior year awards. Figures are provided for the period that individuals met the definition of Directors and other Key
Management Personnel.
2013
£m
2012
£m
Salaries and other short-term benefits 22.3 20.2
Pension costs 0.6 0.4
Other long-term benefits 11.5 17.9
Share-based payments 29.7 24.6
Employer social security charges on emoluments 6.5 7.9
Costs recognised for accounting purposes 70.6 71.0
Employer social security charges on emoluments (6.5) (7.9)
Other long-term benefits – difference between awards granted and costs recognised (3.9) (13.4)
Share-based payments – difference between awards granted and costs recognised (18.3) (12.0)
Total remuneration awarded 41.9 37.7
Disclosure required by the Companies Act 2006
The following information regarding directors is presented in accordance with the Companies Act 2006:
2013
£m
2012
£m
Aggregate emoluments 5.3 5.5
Gains on exercise of share options 1.7 –
Amounts paid under LTIPs 0.7 2.8
7.7 8.3
There were no pension contributions paid to defined contribution schemes on behalf of Directors (2012: £nil). There were no notional pension
contributions to defined contribution schemes.
As at 31 December 2013, there were no Directors accruing benefits under a defined benefit scheme (2012: nil).
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