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Financial statements Marks and Spencer Group plc Annual report and financial statements 2012 87
Overview Strategic review Financial review Governance Financial statements and other information
10 Employees
A. Aggregate remuneration
The aggregate remuneration and associated costs of Group employees were:
2012
Total
£m
2011
Total
£m
Wages and salaries 1,061.3 1,077.0
Social security costs 77.7 78.5
Pension costs 57.7 60.0
Share-based payments (see note 13) 32.5 31.7
Employee welfare and other personnel costs 46.0 37.2
Capitalised staff costs (21.7) (20.2)
Aggregate remuneration 1,253.5 1,264.2
One-off pension credit (see note 5) –(10.7)
Total aggregate remuneration 1,253.5 1,253.5
Details of key management compensation are given in note 28.
B. Average monthly number of employees
2012 2011
UK stores
– management and supervisory categories 5,784 5,696
– other 65,474 63,005
UK head office
– management and supervisory categories 2,782 2,453
– other 718 681
Overseas 6,450 6,334
Total average monthly number of employees 81,208 78,169
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 57,054 (last year 54,675).
C. Directors’ emoluments
Emoluments of directors of the Company are summarised below. Further details are given in the Remuneration Report on
pages 54 to 67.
2012
£000
2011
£000
Aggregate emoluments 7,796 11,618
The emoluments include payments to directors who retired from the Board in 2010/11 of £nil (last year £3,138,000).
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 14,000 active members (last year
15,000), 56,000 deferred members (last year 56,000) and 51,000 pensioners (last year 51,000). At the year end, the defined
contribution section had some 9,000 active members (last year 9,000) and some 2,000 deferred members (last year 2,000).
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 of £32.1m (last year £22.4m excluding a one-off pension credit of £10.7m),
£12.0m (last year £1.0m) relates to the UK defined benefit section, £15.9m (last year £14.3m) to the UK defined contribution
section and £4.2m (last year £7.1m) to other retirement benefit schemes.