Oxford Catalysts Group PLC Annual Report and Accounts 2010

Annual Reportand Accounts2010Oxford CatalystsGroup PLCNotes to the Accounts (continued)7 Finance Costs2010 2009£’000 £’000Unwinding of discount on deferred licence payments creditor 16 13Interest on finance leases 9 2Interest on borrowings 30 –Foreign exchange losses – 12755 1428 Expenses by Nature2010 2009£’000 £’000Employee benefit expense (see note 10) 7,409 8,096Sub-contractor and consultant costs 2,109 1,570Depreciation of tangible fixed assets: owned (note 15) 1,243 786Depreciation of tangible fixed assets: leased (note 15) 31 16Amortisation of intangible assets (note 14) 41 42Operating lease payments – plant and machinery 40 332Operating lease payments – other 356 162Other expenses 4,633 3,879Total costs of sales, unfunded research and development costs,share based payments and other administrative expenses 15,862 14,8839 Auditor RemunerationDuring the year the Group (including its overseas subsidiaries) obtained the following services from the Company’s auditor.2010 2009£’000 £’000Fees payable to Company’s auditor for the audit of parent company andconsolidated financial statements 37 31Fees payable to the Company’s auditor for other services– The audit of Company’s subsidiaries pursuant to legislation 30 31– Other services pursuant to legislation – 19– Tax services 15 –82 8110 Employee Benefit ExpenseThe average monthly number of Group employees (including the Executive Directors) was as follows.2010 2009NumberNumberResearch, design and development 59 59Administration 24 25Total average headcount 83 84Their aggregate remuneration comprised as follows.2010 2009£’000 £’000Wages and salaries 5,951 6,663Social security costs 421 550Pension costs 213 208Severance expense 414 –Share-based payments granted to Directors and employees 410 6757,409 8,096Details of Directors’ remuneration are given in the Directors’ Remuneration Report on pages 12 to 14 which form part ofthese financial statements.34