Carphone Warehouse 2009 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2009 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

58 The Carphone Warehouse Group PLC Annual Report 2009
Notes to the Financial Statements – continued
6 Employee costs – continued
The aggregate remuneration recognised in respect of these employees in the income statement comprised:
2009 2008
£m £m
Wages and salaries 105 115
Social security costs 9 12
Other pension costs 2 2
116 129
Share-based payments (see note 7) 6 9
122 138
The average number of employees (including Executive Directors) for discontinued operations was:
2009 2008
Number Number
Administration 3,206 3,416
Sales and customer management 13,078 13,695
16,284 17,111
The aggregate remuneration recognised in respect of the employees of discontinued operations in the income statement comprised:
2009 2008
£m £m
Wages and salaries 94 383
Social security costs 16 59
Other pension costs 1 3
111 445
In addition to the costs recognised in the income statement, employee costs of £12m (2008: £30m) were capitalised during
the year in relation to internally generated intangible assets and network equipment.
Compensation earned by the Key Management of continuing operations, comprising the Group Board and operating directors,
and the TalkTalk Group Executive Board, was as follows:
2009 2008
£m £m
Salaries and fees 4.0 3.6
Performance bonuses 2.5 2.4
Benets 0.1 0.1
Pension costs 0.1 0.2
Share-based payments 0.9 2.0
7.6 8.3
Compensation earned by the Key Management of discontinued operations, comprising the retail and distribution Executive
Committee, was as follows:
2009 2008
£m £m
Salaries and fees 0.3 0.8
Performance bonuses 0.1 0.7
Benets – 0.1
Pension costs – 0.1
Share-based payments 0.2 0.8
0.6 2.5
Details of Directors’ remuneration are provided in the Remuneration Report on pages 33 to 38.
Amounts of £0.9m were paid to HMRC during the year on behalf of a number of Key Management; these amounts were
outstanding at 31 March 2009. Interest is charged on these loans at a market rate, and the loans are repayable in the year ending
31 March 2011. There were no loans outstanding from Group executives at 29 March 2008.