Annual report and accounts 2009 (PDF) - Coventry Building Society

7. OTHER OPERATING INCOMEGroup Society Group Society2009 2009 2008 2008£m £m £m £mRents receivable 0.3 0.3 0.3 0.3Other 0.4 0.4 0.1 0.10.7 0.7 0.4 0.48. NET GAINS FROM DERIVATIVE FINANCIAL INSTRUMENTSGains less losses on derivatives:Derivatives designated as fair value hedges (22.6) (22.6) (34.4) (34.4)Movement in fair value of hedged itemsattributable to hedged risk 24.5 24.5 36.0 36.01.9 1.9 1.6 1.6Other derivatives (0.5) (0.5) 0.6 0.6On other assets and liabilities (0.1) (0.1) (0.4) (0.4)1.3 1.3 1.8 1.89. ADMINISTRATIVE EXPENSESEmployee costsWages and salaries 31.3 31.3 30.5 30.5Social security costs 3.0 3.0 3.0 3.0Pension costs (note 12)Defined benefit plan 0.8 0.8 0.6 0.6Defined contribution plan 0.6 0.6 0.6 0.635.7 35.7 34.7 34.7Other expensesFinance lease charges 0.4 0.4 0.9 0.9Other 25.5 23.7 23.1 21.561.6 59.8 58.7 57.1The remuneration of the auditors, Ernst & Young LLP, is set out below.For audit of the financial statements 0.2 0.2 0.2 0.2Fees payable for other services:All other services 0.1 0.1 0.2 0.20.3 0.3 0.4 0.4All non-audit engagements provided by the Society’s auditors, where the fee is expected to exceed a de minimis limit, aresubject to pre-approval by the Audit Committee.43