Enterprise Inns plc Annual Report and Accounts 2012

Notes to the Accounts
at 30 September 2012
10. Movements in valuation of pub estate and related assets
2012
£m
2011
£m
Movements in intangible assets from revaluation of pub estate (see note 16) – (1)
Movements in property, plant and equipment from revaluation of pub estate (see
note 17) (83) (117)
Write-down of non-current assets held for sale to fair value less costs to sell (see
note 17) (44) (73)
(127) (191)
There is no current tax expense associated with these movements. A deferred tax credit of £32 million (2011: £52
million) arises as a result of the revaluation and write-down of these properties.
11. Staff costs
2012
£m
2011
£m
Wages and salaries 21 20
Social security costs 2 2
Other pension costs 2 2
25 24
Included in wages and salaries is an expense relating to share-based payments of £2 million (2011: £1 million).
All of this expense arises from transactions accounted for as equity-settled share-based payments (see note 30).
Other pension costs represents payments made into employees’ individual defined contribution plans.
Annual Report 2011 2012 Our Accounts
The average monthly number of employees comprised:
Operations staff 218 205
Administration staff 285 286
2012
No.
2011
No.
503 491
Directors’ remuneration is summarised below to the nearest £000 with full detail given in the Directors’
Remuneration Report.
2012
£000
Directors’ remuneration * 2,564 3,070
Executive directors’ pensions 344 402
Share-based payments † 1,004 1,043
* Comprises fees, salary, benefits and performance-related bonus.
† Fair value of share-based payments charged to the Income Statement during the year.
2011
£000
68