Cosalt plc Annual report & financial statements 2008
Cosalt plc Annual report & financial statements 2008
Cosalt plc Annual report & financial statements 2008
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Financial <strong>statements</strong><br />
33. Employees<br />
Notes to the Company <strong>financial</strong> <strong>statements</strong><br />
<strong>Cosalt</strong> <strong>plc</strong> <strong>Annual</strong> <strong>report</strong> & <strong>financial</strong> <strong>statements</strong> <strong>2008</strong><br />
<strong>2008</strong> 2007<br />
£000 £000<br />
Staff costs:<br />
Wages and salaries 841 1,048<br />
Share based payments (28) 55<br />
Social security costs 11 92<br />
Other pension costs 500 546<br />
1,324 1,741<br />
The average number of Employees of the Company during the year was:<br />
<strong>2008</strong> 2007<br />
Number Number<br />
Management and administration 9 9<br />
Details of Directors’ remuneration, share options, long term incentive plans and Directors’ pension entitlements are disclosed<br />
in the Directors’ remuneration <strong>report</strong> on pages 31 to 34.<br />
34. Dividends<br />
2007 2007<br />
per share £000 per share £000<br />
2007 Final: paid 4 April <strong>2008</strong> 6.00p 884 12.75p 1,790<br />
<strong>2008</strong> Interim: paid 10 September <strong>2008</strong> 6.00p 1,578 6.00p 884<br />
12.00p 2,462 18.75p 2,674<br />
35. Tangible fixed assets<br />
Short Freehold<br />
Freehold leasehold investment<br />
properties properties properties Plant Total<br />
£000 £000 £000 £000 £000<br />
Cost and valuation<br />
At 28 October 2007 4,580 1,009 3,900 155 9,644<br />
Additions 144 – – 44 188<br />
Reclassification – – – – –<br />
Group transfers – – – – –<br />
Revaluation – – (800) – (800)<br />
Disposals (3,079) – – (76) (3,155)<br />
At 26 October <strong>2008</strong> 1,645 1,009 3,100 123 5,877<br />
Aggregate depreciation<br />
At 28 October 2007 1,141 423 – 102 1,666<br />
Amount charged to<br />
profit and loss account 84 18 – 21 123<br />
Group transfers – – – – –<br />
On disposals (566) – – (50) (616)<br />
At 26 October <strong>2008</strong> 659 441 – 73 1,173<br />
Net book values<br />
At 26 October <strong>2008</strong> 986 568 3,100 50 4,704<br />
At 28 October 2007 3,439 586 3,900 53 7,978<br />
(a) Short leaseholds are those with a term of under 50 years to run. Plant includes vehicles.<br />
(b) Company assets costing £144,000 (2007: £142,000) have been fully depreciated and are still in use.<br />
(c) On the adoption of FRS 15 in August 2000 the book value of land and buildings has been retained at the valuation at this date.<br />
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