Healthcare without boundaries - EMIS Group plc Annual report and ...

Financial statements
Notes to the financial statements continued
35. Pension commitments
The total costs charged to income consist of £124,000 (2010: £98,000) representing EMIS contributions payable to individual personal pension
plans, £106,000 (2010: £34,000) in relation to RX Systems group and personal pension arrangements and £13,000 (2010: £53,000) is included
in the loss from discontinued operations in relation to employees of EMIS Inc.
Former Canadian employees were members of a federally managed retirement benefit plan operated by the government of Canada, known
as the Canada Pension Plan (CPP). EMIS Inc. was required to contribute 4.95% of gross pensionable earnings to the retirement benefit plan
to fund the benefits. The only obligation of the Group with respect to the retirement benefit plan was to make the specified contributions.
36. Related party transactions
Key management compensation
Key management includes directors (executive and non‐executive) of the parent and UK subsidiary companies, the company secretary and certain
departmental heads. The compensation paid or payable to key management for employee services is shown below:
– salaries and other short‐term employee benefits 1,645 1,638
– post retirement benefits 134 76
2011
£’000
2010
£’000
Directors’ emoluments
Aggregate emoluments 621 770
Pension costs – defined contribution plans 46 53
2011
£’000
2010
£’000
667 823
Retirement benefits are accruing to three (2010: three) directors under defined contribution personal pension schemes.
Highest paid director
– aggregate emoluments 183 199
– pension costs – defined contribution plans 16 15
Transactions between the group and:
199 214
Subsidiary company (not wholly owned) – RX Systems Limited
Sales of goods and services in year 1,454 366
Amounts owed by subsidiary at year end 199 12
Associates – Pharmacy 2U Limited
Sales of goods and services in year 33 32
Amounts owed at year end — —
Joint venture – Healthcare Gateway Limited
Sales of goods and services in year 264 24
Payment for tax loss surrendered 19 —
Amounts owed by related party at year end 274 24
Directors
Sale of motor vehicle at market value 4 —
2011
£’000
2010
£’000
56
EMIS Group plc Annual report and accounts 2011