Tesco 2008 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2008 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

Tesco PLC Annual Report and
Financial Statements 2008
56
Notes to the Group financial statements continued
www.tesco.com/annualreport08
Note 3 Income and expenses continued
During the year, the Group (including its overseas subsidiaries) obtained the following services from the Group’s auditor, PricewaterhouseCoopers LLP, and
network firms:
2008 2007
£m £m
Audit services
Fees payable to the Company’s auditor for the audit of the Parent Company and Group financial statements 0.6 0.6
Non-audit services
Fees payable to the Company’s auditor and network firms for other services:
the audit of the accounts of the Company’s subsidiaries pursuant to legislation 2.5 2.3
other services pursuant to such legislation 0.1 0.2
other services relating to taxation 1.2 2.3
other services relating to corporate finance transactions 0.3 0.2
all other services 0.3 –
Total auditor remuneration 5.0 5.6
In addition to the amounts shown above, the auditors received fees of £0.1m (2007 – £0.1m) for the audit of the main Group pension scheme.
A description of the work of the Audit Committee is set out in the Corporate Governance Report on page 21 and includes an explanation of how
objectivity and independence is safeguarded when non-audit services are provided by PricewaterhouseCoopers LLP.
Note 4 Employment costs, including Directors’ remuneration
2008 2007
£m £m
Wages and salaries 4,246 3,794
Social security costs 349 377
Post-employment benefits (see note 24) 470 215
Share-based payments expense 228 209
5,293 4,595
The average number of employees by geographical segment during the year was:
Average number Average number of
of employees full-time equivalents
2008 2007 2008 2007
UK 282,868 270,417 193,917 184,461
Rest of Europe 83,705 74,017 77,267 67,351
Asia 77,554 68,627 74,570 66,471
To t a l 444,127 413,061 345,754 318,283