12.07.2015 Views

Download our latest Annual Report for 2009 [PDF] - East West ...

Download our latest Annual Report for 2009 [PDF] - East West ...

Download our latest Annual Report for 2009 [PDF] - East West ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Ambrian Capital plc<strong>Annual</strong> <strong>Report</strong> & Accounts <strong>2009</strong>OverviewBusiness reviewGovernanceFinancial statements 27Shareholder in<strong>for</strong>mation5 Profit be<strong>for</strong>e taxProfit be<strong>for</strong>e tax, all of which arises from the Group’s principal activities, is stated after charging (crediting):Auditors’ remuneration: audit services– Parent Company 27,000 29,500– Subsidiaries 81,600 55,500Depreciation of property, plant and equipment 192,574 174,691Impairment of property, plant and equipment – 118,571Amortisation of intangible assets 140,000 140,000Operating lease rentals – land and buildings 511,086 433,561Staff costs 10,938,887 8,112,457Finance costs – bank interest payable – 20,928Exchange losses 117,807 499,045Non-recurring charges in respect of:– the acquisition of Nabarro Wells & Co. Limited – 1,099,544– start-up of physical metals business – 186,396– office move – 154,401Interest income (included in revenue) (83,101) (765,000)6 In<strong>for</strong>mation regarding directors and employeesNumber of employeesThe average monthly number of employees (including directors) during the year was:<strong>2009</strong>£<strong>2009</strong>Number2008£2008Number74 71<strong>2009</strong>£2008Restated£Employment costsSalaries and bonuses 8,646,935 6,021,927Social security costs associated with salaries and bonuses 1,069,885 640,038Defined contribution pension costs 137,853 124,359Share-based payment charge 1,084,214 1,326,13310,938,887 8,112,457Directors’ emolumentsDirectors’ emoluments 885,000 475,037Defined contribution pension costs 17,750 17,750Share-based payment charge 181,779 198,9391,084,529 691,726Emoluments disclosed above include the following amounts paid to the highest paid director:Emoluments 525,000 175,037Defined contribution pension costs 12,250 12,250537,250 187,287Nathan Steinberg, non-executive director, is a partner in Munslows, a firm of Chartered Certified Accountants. That firm charged fees of£105,000 (2008: £105,000) excluding VAT to the Group in respect of professional services in the period on an arm’s-length basis. Of the feescharged, £30,000 was outstanding at year end and has been included in trade payables.Two of the directors participate in money purchase pension arrangements.<strong>2009</strong>£2008£

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!