G4S Annual Report and Accounts 2011
G4S Annual Report and Accounts 2011
G4S Annual Report and Accounts 2011
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Overview Strategic review Performance<br />
Notes to the consolidated financial statements continued<br />
11 Staff costs <strong>and</strong> employees<br />
The average monthly number of employees, in continuing <strong>and</strong> discontinued operations, including executive directors was:<br />
<strong>2011</strong><br />
Number<br />
2010<br />
Number<br />
By reportable segment<br />
Secure solutions 589,673 563,519<br />
Cash solutions 50,078 52,678<br />
Not allocated, including shared administration <strong>and</strong> head office 153 129<br />
Total average number of employees 639,904 616,326<br />
By geographical area<br />
Europe 123,237 124,580<br />
North America 55,005 54,599<br />
Developing markets 461,509 437,018<br />
Not allocated, including shared administration <strong>and</strong> head office 153 129<br />
Total average number of employees 639,904 616,326<br />
Their aggregate remuneration, in continuing <strong>and</strong> discontinued operations, comprised:<br />
Wages <strong>and</strong> salaries 4,404 4,240<br />
Social security costs 553 510<br />
Employee benefits 170 152<br />
Total staff costs 5,127 4,902<br />
<strong>2011</strong><br />
£m<br />
2010<br />
£m<br />
Information on directors’ remuneration, share options, long-term incentive plans, <strong>and</strong> pension contributions <strong>and</strong> entitlements is set out in the Directors’<br />
remuneration report on pages 62 to 70.<br />
12 Finance income<br />
Interest income on cash, cash equivalents <strong>and</strong> investments 10 8<br />
Other interest income 8 3<br />
Expected return on defined retirement benefit scheme assets 93 87<br />
Loss arising from change in fair value of derivative financial instruments hedging loan notes (22) (16)<br />
Gain arising from fair value adjustment to the hedged loan note items 22 16<br />
Total finance income 111 98<br />
<strong>2011</strong><br />
£m<br />
2010<br />
£m<br />
13 Finance costs<br />
Interest on bank overdrafts <strong>and</strong> loans 32 21<br />
Interest on loan notes 73 75<br />
Interest on obligations under finance leases 4 6<br />
Other interest charges 8 6<br />
Total group borrowing costs 117 108<br />
Finance costs on defined retirement benefit obligations 90 93<br />
Total finance costs 207 201<br />
<strong>2011</strong><br />
£m<br />
2010<br />
£m<br />
Included within interest on bank overdrafts <strong>and</strong> loans is a charge of £9m (2010: £14m) relating to cash flow hedges that were transferred from equity during<br />
the year.<br />
90<br />
<strong>G4S</strong> plc<br />
<strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> <strong>2011</strong>
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