Marks and Spencer 2013 Annual Report Download - page 111

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2013 109
Overview Strategic review Financial review Governance Financial statements and other information
28 Related party transactions continued
D. Marks & Spencer Pension Scheme
Details of other transactions and balances held with the Marks & Spencer UK Pension Scheme are set out in notes 11 and 12.
E. Key management compensation
2013
£m
2012
£m
Salaries and short-term benefits 9.2 8.8
Post-employment benefits –0.1
Share-based payments 2.6 6.0
Total 11.8 14.9
Key management comprises Board directors only. Further information about the remuneration of individual directors is provided in
the Remuneration report. During the year, key management have purchased goods at the Group’s usual prices less a 20% discount.
This discount is available to all staff employed directly by the Group in the UK.
F. Other related party transactions
Supplier transactions occurred during the year between the Group and a company controlled by a close family member of Kate
Bostock, a former executive director of the Group. These transactions amounted to £6.5m during the period to 1 October 2012, the
date of Kate Bostock’s resignation (last year £12.7m). The company was a supplier prior to Kate’s employment by the Group.
Supplier transactions occurred during the year between the Group and a company controlled by Martha Lane Fox’s partner. Martha
is a non-executive director of the Group. These transactions amounted to £2.4m during the year (last year £1.9m) with an
outstanding trade payable of £0.2m at 30 March 2013 (last year £0.5m).