Notes to the combined and consolidated financial statements - Mondi
Notes to the combined and consolidated financial statements - Mondi
Notes to the combined and consolidated financial statements - Mondi
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<strong>Notes</strong> <strong>to</strong> <strong>the</strong> <strong>combined</strong> <strong>and</strong><br />
<strong>consolidated</strong> <strong>financial</strong> <strong>statements</strong> continued<br />
for <strong>the</strong> year ended 31 December 2009<br />
4 Employee numbers <strong>and</strong> costs (continued)<br />
Compensation for <strong>the</strong> Boards <strong>and</strong> key management 1<br />
E million 2009 2008<br />
Salaries <strong>and</strong> short-term employee benefits 5.5 5.6<br />
Non-executive direc<strong>to</strong>rs 1.1 1.3<br />
Post-employment benefits 1.1 1.0<br />
Termination payments 1.3 1.4<br />
Social security 0.2 0.5<br />
Share-based payments 2.3 2.3<br />
Costs associated with demerger 2 2.0 4.5<br />
Total 13.5 16.6<br />
<strong>Notes</strong>:<br />
1<br />
In accordance with IAS 24, ‘Related Party Disclosures’, key management personnel are those persons having authority <strong>and</strong> responsibility for planning, directing <strong>and</strong><br />
controlling <strong>the</strong> activities of <strong>the</strong> Group, directly or indirectly, <strong>and</strong> includes direc<strong>to</strong>rs (both executive <strong>and</strong> non-executive) of <strong>Mondi</strong> Limited <strong>and</strong> <strong>Mondi</strong> plc, see note 39 for<br />
fur<strong>the</strong>r details.<br />
2<br />
Costs associated with <strong>the</strong> demerger from Anglo American plc relate <strong>to</strong> charges associated with awards arising as a result of <strong>the</strong> demerger (demerger share awards,<br />
transitional share awards, Co-Investment Plan <strong>and</strong> Deferred <strong>Mondi</strong> Cash Pool).<br />
5 Special items 1<br />
E million 2009 2008<br />
Operating special items<br />
Goodwill impairments<br />
Corrugated (Europe & International) – (74)<br />
Bags & Specialities (Europe & International) – (120)<br />
Merchant & Newsprint businesses (12) –<br />
Total goodwill impairments (12) (194)<br />
Asset impairments<br />
Uncoated Fine Paper (Europe & International) – (1)<br />
Corrugated (Europe & International) (44) (28)<br />
Bags & Specialities (Europe & International) (14) (70)<br />
Uncoated Fine Paper (South Africa) (19) –<br />
<strong>Mondi</strong> Packaging South Africa (1) –<br />
Total asset impairments (78) (99)<br />
Restructuring <strong>and</strong> closure costs<br />
Restructuring <strong>and</strong> closure costs excluding related personnel costs<br />
Uncoated Fine Paper (Europe & International) 5 (15)<br />
Corrugated (Europe & International) (2) (1)<br />
Bags & Specialities (Europe & International) (25) (8)<br />
Personnel costs relating <strong>to</strong> restructuring<br />
Uncoated Fine Paper (Europe & International) (7) (8)<br />
Corrugated (Europe & International) (3) (6)<br />
Bags & Specialities (Europe & International) (8) (18)<br />
Uncoated Fine Paper (South Africa) (3) –<br />
Total restructuring <strong>and</strong> closure costs (43) (56)<br />
Note:<br />
1<br />
Special items by operating segment are presented since <strong>the</strong> Group believes that this provides useful additional information for <strong>the</strong> user of <strong>the</strong> Group’s <strong>combined</strong> <strong>and</strong><br />
<strong>consolidated</strong> <strong>financial</strong> <strong>statements</strong>.<br />
110 Annual report <strong>and</strong> accounts 2009 <strong>Mondi</strong> Group
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