Enterprise Inns plc Annual Report and Accounts 2012

Notes to the Accounts
at 30 September 2012
33. Related party transactions
Compensation of key management personnel
2012
£000
2011
£000
Short-term employee benefits 2,564 3,070
Post-employment benefits 344 402
Share-based payments 1,004 1,043
3,912 4,515
Key management personnel comprises both executive and non-executive directors.
Short-term employee benefits comprise fees, salaries, benefits and performance related bonus as reported in
the Directors’ Remuneration Report. Post-employment benefits comprise payments made to the directors’ own
personal pension schemes and salary supplements in lieu of contributions. Share-based payments comprises the
fair value of STIP and LTIP awards charged in the year. Further information about the remuneration of individual
directors is available in the Directors’ Remuneration Report on pages 37 to 52.
Principal subsidiaries
The Parent Company’s principal subsidiaries are listed in the following table. The list comprises those companies
that principally affect the results or financial position of the Group.
Country of
incorporation
Holding
Proportion
of voting
rights
and shares
held
Nature of
business
Indirectly held by Enterprise Inns plc:
Unique Pub Properties Limited England Ordinary shares 100% Ownership of
licensed properties
The Unique Pub Finance Company plc England Ordinary shares 100% Financing acquisitions
of licensed property
Parent Company transactions with subsidiary undertakings
Cumulative
Redeemable
Preference
Shares 100%
The Parent Company enters into loans with its subsidiary undertakings which attract interest at varying levels. Net
interest on these loans was £27 million (2011: £25 million).
The following loans were outstanding at the year end:
Loans due from subsidiary undertakings 121 94
Loans due to subsidiary undertakings – –
2012
£m
2011
£m
121 94
Our Accounts Annual Report 2011 2012
101