ANNUAL REPORT AND ACCOUNTS 2012 - RSA, Annual Report ...
ANNUAL REPORT AND ACCOUNTS 2012 - RSA, Annual Report ...
ANNUAL REPORT AND ACCOUNTS 2012 - RSA, Annual Report ...
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FINANCIAL STATEMENTS<br />
Other lease payments<br />
The operating lease payments recognised as an expense during the year are £71m (2011: £70m). The Group has no significant lease<br />
agreements that include contingent rent.<br />
Finance costs<br />
Interest expense on loan capital 110 109<br />
Other loan interest 5 8<br />
Finance costs 115 117<br />
Auditor’s remuneration<br />
Fees payable to the Company’s auditor and its associates for the audit of the Company’s annual accounts 0.9 0.9<br />
Fees payable to the Company’s auditor and its associates for other services:<br />
The audit of the Company’s subsidiaries 4.5 4.6<br />
Audit related assurance services 0.4 0.5<br />
Taxation advisory services 0.2 0.2<br />
Corporate finance services 0.2 0.7<br />
Other services 9.5 2.7<br />
Auditor’s remuneration 15.7 9.6<br />
<strong>2012</strong><br />
£m<br />
<strong>2012</strong><br />
£m<br />
2011<br />
£m<br />
2011<br />
£m<br />
Other services include fees payable to the Company’s auditor in respect of consultancy services relating to business transformation<br />
processes and regulatory development projects.<br />
Directors’ emoluments<br />
The aggregate emoluments of the Directors, including amounts received from subsidiaries, were as follows:<br />
Emoluments of Executive Directors 3,233 5,230<br />
Fees and other payments to Non-Executive Directors 1,077 832<br />
<strong>2012</strong><br />
£000<br />
2011<br />
£000<br />
4,310 6,062<br />
Details of Directors’ remuneration and pension benefits and details of Directors’ interests in the Parent Company are shown in the<br />
remuneration report.<br />
Employee information<br />
Staff costs for all employees comprise:<br />
Wages and salaries 932 904<br />
Social security costs 127 124<br />
Pension costs 72 78<br />
Share based payments to Directors and employees 6 9<br />
<strong>2012</strong><br />
£m<br />
2011<br />
£m<br />
1,137 1,115<br />
<strong>Annual</strong> <strong>Report</strong> and Accounts <strong>2012</strong> | <strong>RSA</strong> | 107