Financial statements - Mondi

Notes to the combined and
consolidated financial statements
continued
for the year ended 31 December 2010
4 Employee numbers and costs (continued)
Compensation for the Boards and key management 1
E million 2010 2009
Salaries and short-term employee benefits 5.7 5.5
Non-executive directors 0.9 1.1
Post-employment benefits 1.5 1.1
Termination payments – 1.3
Social security 0.3 0.2
Share-based payments 2.8 2.3
Costs associated with demerger2 – 2.0
Total 11.2 13.5
Notes:
1
In accordance with IAS 24, ‘Related Party Disclosures’, key management personnel are those persons having authority and responsibility for planning, directing and controlling
the activities of the Group, directly or indirectly, and includes directors (both executive and non-executive) of Mondi Limited and Mondi plc, see note 38 for further details.
2
Costs associated with the demerger from Anglo American plc relate to charges associated with awards arising as a result of the demerger (demerger share awards, transitional
share awards, Co-Investment Plan and Deferred Mondi Cash Pool).
5 Special items
E million
Operating special items
2010 2009
Goodwill impairments – (12)
Asset impairments (33) (78)
Reversal of asset impairments
Restructuring and closure costs
9 –
Restructuring and closure costs excluding related personnel costs (14) (27)
Personnel costs relating to restructuring (24) (21)
Reversal of restructuring and closure costs excluding related personnel costs 30 5
Reversal of personnel costs relating to restructuring 1 –
Demerger arrangements – (3)
Proceeds on insurance – 8
Gain on acquisition of business (see note 29) 34 –
Total operating special items
Non-operating special items
3 (128)
(Loss)/profit on disposals (see note 30) (11) 3
Impairments of assets held for sale (14) (8)
Total non-operating special items (25) (5)
Total special items before tax and non-controlling interests (22) (133)
Tax (see note 8) 6 6
Non-controlling interests 1 (1)
Total special items attributable to equity holders of the parent companies (15) (128)
Special items before tax and non-controlling interests by operating segment:
E million
Europe & International
2010 2009
Uncoated Fine Paper 5 (2)
Corrugated (15) (55)
Bags & Coatings 28 (48)
Total Europe & International 18 (105)
South Africa Division (10) (22)
Mondi Packaging South Africa (1) 7
Newsprint businesses1 (29) (12)
Corporate & other businesses – (1)
Segments total (22) (133)
Note:
1
Special items of the Merchant business are included in the results of the Newsprint businesses segment up to its date of disposal. Excluding the special items of the
Merchant business, the segment result for the year ended 31 December 2010 would have been E1 million.
100 Annual report and accounts 2010