Marks and Spencer 2010 Annual Report Download - page 95

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Directors’ report p01
Financial statements
Other information p117
To find out more, visit www.marksandspencer.com/annualreport2010 91
10 Employees continued
B. Average number of employees
2010 2009
UK stores
– management and supervisory categories 5,396 5,528
– other 61,946 63,969
UK head office
– management and supervisory categories 2,389 2,577
– other 912 1,036
Overseas 5,624 4,754
Total average number of employees 76,267 77,864
If the number of hours worked was converted on the basis of a normal working week, the equivalent average number of full-time employees
would have been 52,994 (last year 54,153).
C. Directors’ emoluments
Emoluments of directors of the Company are summarised below. Further details are given in the Remuneration report on pages 58 to 71.
2010
£000
2009
£000
Aggregate emoluments 8,380 6,240
The emoluments exclude payments to former directors of £187,000 (last year £252,000).
11 Retirement benefits
The Group provides pension arrangements for the benefit of its UK employees through the Marks & Spencer UK Pension Scheme. This has
a defined benefit section, which was closed to new entrants with effect from 1 April 2002, and a defined contribution section which has been
open to new members with effect from 1 April 2003.
The defined benefit section operates on a final salary basis and at the year end had some 15,000 active members (last year 21,000), 56,000
deferred members (last year 57,000) and 47,000 pensioners (last year 42,000). At the year end, the defined contribution section had some
8,000 active members (last year 8,000) and some 1,000 deferred members (last year 1,000).
The Group also operates a small funded defined benefit pension scheme in the Republic of Ireland. Retirement benefits also include a UK
post-retirement healthcare scheme and unfunded retirement benefits.
Within the total Group retirement benefit cost, excluding the exceptional pension credit, of £46.5m (last year £31.8m), £27.0 (last year
£14.0m) relates to the UK defined benefit section, £12.3m (last year £13.0m) to the UK defined contribution section and £7.2m (last year
£4.8m) to other retirement benefit schemes.
A. Pensions and other post-retirement liabilities
2010
£m
2009
£m
Total market value of assets 4,948.6 3,977.0
Present value of scheme liabilities (5,298.6) (4,112.4)
Net funded pension plan deficit (350.0) (135.4)
Unfunded retirement benefits (0.9) (1.0)
Post-retirement healthcare (15.6) (15.8)
Net retirement benefit deficit (366.5) (152.2)