RBS 2012 Annual Report Download - page 474

39 Directors' and key management remuneration
Directors' remuneration 2012
£000
2011
£000
Non-executive directors - emoluments 1,2181,137
Chairman and executive directors
- emoluments 3,853 4,671
- contributions and allowances in respect of money purchase schemes 408403
5,479 6,211
- amounts receivable under long-term incentive plans 1,2231,594
6,702 7,805
No directors are accruing benefits under defined benefit schemes (2011 - nil). One director is accruing benefits under a money purchase scheme (2011
- one).
The executive directors may participate in the company's long-term incentive plans, executive share option and sharesave schemes and details of their
interests in the company's shares arising from their participation are given in the Directors' remuneration report. Details of the remuneration received by
each director during the year and each director's pension arrangements are also given in the Directors' remuneration report.
Compensation of key management
The aggregate remuneration of directors and other members of key management during the year was as follows:
2012
£000
2011
£000
Short-term benefits 32,512 36,371
Post-employment benefits 699 3,547
Share-based payments 24,533 21,062
57,744 60,980
40 Transactions with directors and key management
(a) At 31 December 2012, amounts outstanding in relation to
transactions, arrangements and agreements entered into by authorised
institutions in the Group, as defined in UK legislation, were £36,915 in
respect of loans to six persons who were directors of the company at any
time during the financial period.
(b) For the purposes of IAS 24 ‘Related Party Disclosures’, key
management comprise directors of the company and members of the
Group Management Committee. The captions in the Group's primary
financial statements include the following amounts attributable, in
aggregate, to key management:
2012
£000
2011
£000
Loans and advances to customers 11,748 19,366
Customer accounts 36,250 33,149
Key management have banking relationships with Group entities which are entered into in the normal course of business and on substantially the same
terms, including interest rates and security, as for comparable transactions with other persons of a similar standing or, where applicable, with other
employees. These transactions did not involve more than the normal risk of repayment or present other unfavourable features.
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Notes on the consolidated accounts continued