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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

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