annual report - inner - TOTAL Nigeria Plc

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NOTES TO THE FINANCIAL STATEMENTS (Cont’d) .5 The table below shows the number of staff of the Company whose emoluments during the year excluding pension contributions were within the ranges stated: 2011 2010 N N Number Number 1,500,001 - 2,000,000 - 1 2,000,001 - 2,500,000 3 17 2,500,001 - 3,000,000 23 17 3,000,001 - 3,500,000 8 13 3,500,001 - 4,000,000 10 91 4,000,001 - 4,500,000 14 62 4,500,001 - 5,000,000 106 116 5,000,001 - 5,500,000 97 38 5,500,001 - 6,000,000 70 20 6,000,001 - 6,500,000 28 19 6,500,001 and above 113 75 472 469 .6 The average number of persons employed in the financial year and the staff costs were as follows: 2011 2010 Number Number Managerial staff 98 90 Senior staff 334 335 Junior staff 40 44 472 469 The related salaries and wages amounted to N4,717,975,727 (2010 - N3,929,869,528). .7 Staff costs relating to the above were: Salaries and wages Pension and social benefits Staff medical expenses 2011 2010 N'000 N'000 4,187,432 3,419,024 335,479 345,221 195,065 165,624 4,717,976 3,929,869 2011 Annual Report & Accounts 41
NOTES TO THE FINANCIAL STATEMENTS (Cont’d) 24. EARNINGS PER SHARE From continuing operations The calculation of the basic earnings per share is based on the following data: 2011 2010 Earnings N'000 N'000 Earnings for the purpose of basic earnings per share being net profit attributable to equity holders of the company 3,813,202 5,436,638 2011 2010 Number Number '000 '000 Number of Shares Number of ordinary shares for the purpose of basic earnings per share 339,522 339,522 Earnings per 50k share (Naira) - Basic 11.23 16.01 25. GUARANTEES AND OTHER FINANCIAL COMMITMENTS .1 Financial commitments The Company did not charge any of its assets to secure liabilities of third parties. The Directors are of the opinion that all known liabilities and commitments have been taken into account in the preparation of these financial statements. These liabilities are relevant in assessing the company's state of affairs. .2 Contingent liabilities There are contingent liabilities in respect of legal actions against the company amounting to N2,837,556,902 (Dec 2010 - N3,008,607,695). Management has not made provision for these contingent liabilities as consultation with the Company's external solicitors has indicated that the likely outcome of the legal action will favour the Company. 26. TECHNICAL SERVICE AGREEMENT The Company has a technical service agreement with Total Outre-Mer which is renewable every 3 years subject to the approval of The National Office for Technology Acquisition and Promotion (NOTAP). The amount charged in the profit and loss account was N786,446,276 (2010: N831,686,514). 42 2011 Annual Report & Accounts
Page 2 and 3: CORPORATE PROFILE Total S.A. (the p
Page 4 and 5: CONTENTS Page Board of Directors, P
Page 6 and 7: HEAD OFFICE, SALES TERRITORIES AND
Page 8 and 9: NOTICE OF MEETING NOTICE IS HEREBY
Page 10 and 11: CHAIRMAN’S STATEMENT (Cont’d)
Page 12 and 13: BOARD OF DIRECTORS (Cont’d) Chief
Page 14 and 15: THE DIRECTORS’ PROFILE (Cont’d)
Page 16 and 17: REPORT OF THE DIRECTORS (Cont’d)
Page 25 and 26: REPORT OF AUDIT COMMITTEE TO THE ME
Page 27 and 28: SIGNIFICANT ACCOUNTING POLICIES (Co
Page 29 and 30: PROFIT AND LOSS ACCOUNT For the yea
Page 31 and 32: STATEMENT OF CASH FLOWS For the yea
Page 33 and 34: NOTES TO THE FINANCIAL STATEMENTS (
Page 41: NOTES TO THE FINANCIAL STATEMENTS (
Page 47: FIVE-YEAR FINANCIAL SUMMARY 2011 20
Page 51 and 52: “ COLLABORATION: A PATH FOR TOMOR
Page 53 and 54: “ COLLABORATION: A PATH FOR TOMOR
Page 55 and 56: SHARE CAPITAL HISTORY 1. The author
Page 57 and 58: LIST OF MAJOR DISTRIBUTORS (Cont’
Page 60 and 61: PROXY FORM I/We TOTAL NIGERIA PLC.

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