Tesco 2013 Annual Report Download - page 133

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129
Tesco PLC Annual Report and Financial Statements 2013
OVERVIEW BUSINESS REVIEW PERFORMANCE REVIEW GOVERNANCE FINANCIAL STATEMENTS
Note 2 Auditor remuneration
2013
£m
2012
£m
Fees payable to the Company’s auditor for the audit of the Company and Group financial statements 0.8 0.7
Note 3 Employment costs, including Directors’ remuneration
2013
£m
2012
£m
Wages and salaries*20 16
Social security costs 22
Pension costs 21
Share-based payment expense** 67
30 26
* The wages and salaries expense includes a recharge from Tesco Stores Limited for Board-related functions.
** The share-based payment expense includes an amount of £3m relating to liabilities of Tesco Japan that were not transferred to the acquiring company on disposal.
The average number of employees (all Directors of the Company) during the financial year was 13 (2012: 15).
The Schedule VI requirements for Directors’ remuneration are included within the Directors’ Remuneration Report on pages 44 to 66.
Note 4 Dividends
For details of dividends see Note 8 in the Group financial statements.
Note 5 Investments
Shares
in Group
undertakings
£m
Shares in
joint ventures
£m
Total
£m
Cost
At 25 February 2012 14,194 16 14,210
Additions 1,449 –1,449
Disposals (45) –(45)
At 23 February 2013 15,598 16 15,614
Impairment
At 25 February 2012 535 –535
Impairment 539 –539
At 23 February 2013 1,074 –1,074
Net carrying value
At 23 February 2013 14,524 16 14,540
At 25 February 2012 13,659 16 13,675
For a list of the Company’s principal operating subsidiary undertakings and joint ventures see Note 13 in the Group financial statements.