RBS 2013 Annual Report Download - page 496
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Notes on the consolidated accounts
494
39 Directors' and key management remuneration
Directors' remuneration 2013
£000
2012
£000
Non-executive directors - emoluments 1,208 1,218
Chairman and executive directors
- emoluments 3,632 3,825
- contributions and allowances in respect of money purchase schemes 348 436
5,188 5,479
- amounts receivable under long-term incentive plans — 1,223
5,188 6,702
No directors are accruing benefits under defined benefit schemes (2012 - nil). One director is accruing benefits under a money purchase scheme (2012
- 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 is 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:
2013
£000
2012
£000
Short-term benefits 30,590 32,540
Post-employment benefits 238 699
Termination benefits 2,033 —
Share-based payments 13,003 24,533
45,864 57,772
40 Transactions with directors and key management
(a) At 31 December 2013, amounts outstanding in relation to transactions, arrangements and agreements entered into by authorised institutions in the
Group, as defined in UK legislation, were £850,762 in respect of loans to seven 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:
2013
£000
2012
£000
Loans and advances to customers 10,750 11,748
Customer accounts 33,279 36,250
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.