BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...

VisitBritain and VisitEngland
Notes forming part of the financial statements for the year ended 31 st March 2010 (Continued)
11 Re-organisation costs
55
Group VisitBritain
2010 2009 2010 2009
£’000 £’000 £’000 £’000
Staff redundancy costs 1,144 3,002 1,144 3,002
Staff pension enhancement costs* - 394 - 394
Staff moving & recruitment costs 38 133 38 133
Office closure costs - 29 - 29
Legal & professional fees 15 152 15 152
1,197 3,710 1,197 3,710
*Actual pension enhancment costs incurred in 2009/10 was £331k, all relating to the British Tourist Boards pension scheme, which was adjusted
(credited) per the IAS 19 accounting requirment implemented in the current financial year.
12 Operating deficit
Group VisitBritain
2010 2009 2010 2009
£’000 £’000 £’000 £’000
Group operating (deficit) for the financial year (47,312) (50,447) (47,325) (50,462)
This has been arrived at after charging/ (crediting):
VisitBritain Board Members’ remuneration 88 109 88 109
VisitEngland Board Members’ remuneration 87 79 87 79
Auditors’ remuneration (UK) 57 55 57 55
Auditors’ remuneration (overseas) 7 6 1 -
Operating lease expense:
- Land and buildings 3,129 2,831 3,129 2,831
- Vehicles and equipment 122 117 122 117
Travel, subsistence and hospitality:
- Chairman and Board Members (VisitBritain) 36 17 36 17
- Chairman and Board Members (VisitEngland) 23 18 23 18
- Employees 1,566 1,703 1,566 1,703