20645_Scapa_AR_160504

FINANCIAL STATEMENTS
current status the value of land and buildings is fairly stated at its historic cost. Certain costs may be incurred in the future to enhance the site if it
is deemed economic to attain a higher final sale price.
During the period to 31 March 2016 £2.0m was paid to the former owners of First Water Limited relating to post combination remuneration
based on the performance of the business during 2015/16. The Group incurred exceptional costs of £1.2m relating to a Group-wide
reorganisation. The Group also spent £0.4m on costs associated with potential acquisitions. The purchases were aborted and the costs have
been separated out. In the prior year the Group incurred exceptional costs of £0.5m associated with the acquisition of First Water Limited.
5. EMPLOYEE BENEFIT EXPENSE
Wages, salaries and other benefits 52.9 49.0
Social security costs 7.3 7.0
Share options granted to Directors and employees 1.8 1.5
Pension costs – defined contribution plans (note [25]) 1.9 2.0
Pension costs – defined benefit plans (note [25]) 0.4 0.1
64.3 59.6
Pension curtailments and service costs (note [4]) – –
64.3 59.6
2016
£m
2015
£m
Average employee numbers 2016 2015
Europe 687 629
North America 512 516
Asia 117 107
1,317 1,252
6. KEY MANAGEMENT COMPENSATION AND DIRECTORS’ REMUNERATION
2016 2015
Executive
Directors
£m
Non-
Executive
Directors
£m
Key
management
£m
Total
£m
Executive
Directors
£m
Non-
Executive
Directors
£m
Key
management
£m
Short-term employment benefits 1.6 0.3 2.0 3.9 1.5 0.2 2.1 3.8
Post-employment benefits 0.1 – 0.1 0.2 0.1 – 0.1 0.2
Termination benefits – – 0.2 0.2 – – – –
Share-based payments
(including share incentive plan) 0.8
–
0.8 1.6 1.2 – 0.7 1.9
2.5 0.3 3.1 5.9 2.8 0.2 2.9 5.9
Total
£m
Key management is considered by the Group to be the Executive Team, which comprises certain senior employees. Information about the
remuneration of individual Directors is provided in the audited part of the Directors’ Remuneration Report on pages [51 to 56].
The short-term employment benefits include wages and salaries, bonuses, social security contributions and non-monetary benefits.
7. RELATED PARTY TRANSACTIONS
In the period the Group paid £2.0m of post combination remuneration to the former owners, now employees of First Water Limited.
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Scapa Group plc Annual Report and Accounts 2016
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ANNUAL REPORT AND ACCOUNTS 2016 SCAPA GROUP PLC