Annual Report - SABMiller India

10. Profit and loss informationEmployeesEmployee costs recognised in the profit and loss during the year were as follows:2008 2007US$m US$mWages and salaries 58 54Share-based payments 17 7Social security costs 12 10Other pension costs 7 794 78For further information relating to share-based incentive schemes see note 25 to the consolidated financial statements of the group.At 31 March 2008, all schemes relate to the company. During the year, the share appreciation rights scheme was modified from cashsettledto equity-settled, therefore at 31 March 2007, this scheme did not relate to the company.The average monthly number of employees for the year is shown on a full-time equivalent basis and includes executive directors:2008 2007Number NumberNumber of employees 249 209Details of directors’ remuneration for the year is provided in the report on directors’ remuneration on pages 49 to 59.11. Other informationDeferred tax assets have not been recognised in respect of the following:2008 2007US$m US$mTax losses 10 22Capital allowances in excess of depreciation 7 1Share-based payments 5 722 302008 2007US$m US$mCapital expenditure contracted but not provided 1 4For details of guarantees provided by the company see note 29 to the consolidated financial statements of the group.At 31 March 2008 the company had annual commitments under non-cancellable operating leases as follows:2008 2007US$m US$mLand and buildings:After five years 5 4Other:Between two and five years 2 212. Post balance sheet eventsOn 7 April 2008 the company acquired 100% of SABMiller Africa and Asia BV, a holding company incorporated in the Netherlandsfor US$1,827 million from SABMiller Finance BV, a subsidiary of the company. In May 2008, the company entered into an additionalUS$1,000 million committed facility, maturing in June 2009 and a new three-year committed facility totalling US$600 million.Overview Operating and financial review Governance Financial statements Shareholder informationNotes to the company financial statements 145SABMiller plc Annual Report 2008