QinetiQ Annual Report 2017
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146<br />
146<br />
Financial<br />
Financial statements<br />
statements <strong>QinetiQ</strong><br />
<strong>QinetiQ</strong> Group<br />
Group<br />
plc<br />
plc<br />
<strong>Annual</strong><br />
<strong>Annual</strong><br />
<strong>Report</strong><br />
<strong>Report</strong><br />
and<br />
and<br />
Accounts<br />
Accounts<br />
<strong>2017</strong><br />
<strong>2017</strong><br />
www.qinetiq.com<br />
Notes to the Company financial statements continued<br />
2. Investment in subsidiary undertaking<br />
As at 31 March<br />
all figures in £ million <strong>2017</strong> 2016<br />
Subsidiary undertaking – 100% of ordinary share capital of <strong>QinetiQ</strong> Group Holdings Limited 424.3 424.3<br />
Capital contributions arising from share-based payments to employees of subsidiaries 41.9 38.6<br />
The increase in Investments in subsidiary undertakings in FY17 relates to £3.3m of equity-settled schemes during the year.<br />
A list of all subsidiary undertakings of <strong>QinetiQ</strong> Group plc is disclosed in note 34 to the Group financial statements.<br />
3. Debtors<br />
As at 31 March<br />
466.2 462.9<br />
all figures in £ million <strong>2017</strong> 2016<br />
Amounts owed by Group undertakings 190.0 185.0<br />
4. Creditors<br />
As at 31 March<br />
all figures in £ million <strong>2017</strong> 2016<br />
Amounts owed to Group undertakings 380.3 291.0<br />
5. Share capital<br />
The Company’s share capital is disclosed in note 28 to the Group financial statements.<br />
6. Share-based payments<br />
The Company’s share-based payment arrangements are set out in note 29 to the Group financial statements.<br />
7. Other information<br />
Directors’ emoluments, excluding Company pension contributions, were £2.9m (2016: £3.6m). These emoluments were all in relation to services provided on behalf<br />
of the <strong>QinetiQ</strong> Group with no amount specifically relating to their work for the Company. Details of the Directors’ emoluments, share schemes and entitlements<br />
under money purchase pension schemes are disclosed in the Remuneration <strong>Report</strong>.<br />
The remuneration of the Company’s auditor for the year to 31 March <strong>2017</strong> was £170,000 (2016: £170,000), which was for audit of the Group’s annual accounts<br />
and audit related assurance services. No other services were provided by the auditor to the Company.