Tesco 2010 Annual Report Download - page 127

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Financial statements
Note 2 Auditor remuneration
2010 2009
£m £m
Fees payable to the Company’s auditor for the audit of the Parent Company and Group financial statements 0.6 0. 6
Note 3 Employment costs, including Directors’ remuneration
2010 2009
£m £m
Wages and salaries 18 15
Social security costs 2 1
Pension costs 1 1
Share-based payment expense 30 18
51 35
The average number of employees (all Directors of the Company) during the year was 17 (2009 – 14).
The Schedule VI requirements for Directors’ remuneration are included within the Directors’ Remuneration Report on pages 52 to 66.
Note 4 Dividends
For details of equity dividends see note 8 in the Group financial statements.
Note 5 Investments
Shares in Group Shares in
undertakings joint ventures Total
£m £m £m
Cost
At 28 February 2009 11,186 16 11,202
Additions 1,118 – 1,118
At 27 February 2010 12,304 16 12,320
Impairment
At 28 February 2009 227 – 227
Charge for the year 377 – 377
At 27 February 2010 604 – 604
Net carrying value
At 27 February 2010 11,700 16 11,716
At 28 February 2009 10,959 16 10,975
For a list of the Company’s principal operating subsidiary undertakings and joint ventures see note 13 in the Group financial statements.
The impairment charge for the year relates to a subsidiary whose net assets have been reduced below its carrying amount in the Parent Company
Balance Sheet resulting from a dividend payment.
Tesco PLC Annual Report and Financial Statements 2010 125