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Tesco plc Annual Report and Financial Statements 2008

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Notes to the Group financial statements continued<br />

Note 3 Income <strong>and</strong> expenses continued<br />

During the year, the Group (including its overseas subsidiaries) obtained the following services from the Group’s auditor, PricewaterhouseCoopers LLP, <strong>and</strong><br />

network firms:<br />

<strong>2008</strong> 2007<br />

£m £m<br />

Audit services<br />

Fees payable to the Company’s auditor for the audit of the Parent Company <strong>and</strong> Group financial statements 0.6 0.6<br />

Non-audit services<br />

Fees payable to the Company’s auditor <strong>and</strong> network firms for other services:<br />

the audit of the accounts of the Company’s subsidiaries pursuant to legislation 2.5 2.3<br />

other services pursuant to such legislation 0.1 0.2<br />

other services relating to taxation 1.2 2.3<br />

other services relating to corporate finance transactions 0.3 0.2<br />

all other services 0.3 –<br />

Total auditor remuneration 5.0 5.6<br />

In addition to the amounts shown above, the auditors received fees of £0.1m (2007 – £0.1m) for the audit of the main Group pension scheme.<br />

A description of the work of the Audit Committee is set out in the Corporate Governance <strong>Report</strong> on page 21 <strong>and</strong> includes an explanation of how<br />

objectivity <strong>and</strong> independence is safeguarded when non-audit services are provided by PricewaterhouseCoopers LLP.<br />

Note 4 Employment costs, including Directors’ remuneration<br />

56<br />

<strong>Tesco</strong> PLC <strong>Annual</strong> <strong>Report</strong> <strong>and</strong><br />

<strong>Financial</strong> <strong>Statements</strong> <strong>2008</strong><br />

<strong>2008</strong> 2007<br />

£m £m<br />

Wages <strong>and</strong> salaries 4,246 3,794<br />

Social security costs 349 377<br />

Post-employment benefits (see note 24) 470 215<br />

Share-based payments expense 228 209<br />

5,293 4,595<br />

The average number of employees by geographical segment during the year was:<br />

Average number Average number of<br />

of employees full-time equivalents<br />

<strong>2008</strong> 2007 <strong>2008</strong> 2007<br />

UK 282,868 270,417 193,917 184,461<br />

Rest of Europe 83,705 74,017 77,267 67,351<br />

Asia 77,554 68,627 74,570 66,471<br />

Total 444,127 413,061 345,754 318,283<br />

www.tesco.com/annualreport08

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