Carphone Warehouse 2015 Annual Report Download - page 103

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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
101
5 Employee costs and share-based payments
a) Employee costs
The aggregate remuneration recognised in the income statement for continuing operations is as follows:
13 months
ended
2 May
2015
£million
Restated
Year
ended
29 March
2014
£million
Salaries and performance bonuses 781 197
Social security costs 89 27
Other pension costs 20 2
890 226
Share-based payments 10 4
900 230
Aggregate remuneration for discontinued operations are salaries and performance bonuses of £46 million (2013/14: £49 million),
social security costs of £8 million (2013/14: £8 million) and other pension costs of £1 million (2013/14: £2 million).
The average number of employees for continuing operation is:
13 months
ended
2 May
2015
Number
Restated
Year
ended
29 March
2014
Number
UK & Ireland 23,582 5,332
Nordics 6,492 286
Southern Europe 2,675 1,298
Connected World Services 85 64
32,834 6,980
The average number of employees for discontinued operations is 2,127 (2013/14: 1,727).
Compensation earned by key management, comprising the Board of directors and senior executives, is as follows:
13 months
ended
2 May
2015
£million
Year
ended
29 March
2014
£million
Short term employee benefits 15 8
Termination benefits 1 —
Share-based payments 1 1
17 9
During the 13 months ended 2 May 2015 and year ended 29 March 2014 loans were advanced to members of key management
in relation to the Carphone Warehouse Share Plan. In addition, during the year ended 29 March 2014 loans were advanced to
key management to cover the tax arising on the exercise of share options that vested as part of the CPW Europe Acquisition.
At 2 May 2015, loans to key management in relation to these schemes totalled £16 million (2014: £10 million). Interest is charged
on loans at market rates and interest of £0.4 million has been recognised during the period (2013/14: £0.3 million).
Further information about individual directors’ remuneration, share interests, share options, pensions and other entitlements,
which form part of these financial statements, is provided in the Remuneration report.