Financial assets
Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market.
Trade debtors and other receivables are recognised at fair value on inception and are subsequently carried at amortised cost.They are subject to impairment tests whenever events or changes in circumstances indicate that their carrying value may not be recoverable. Impairment losses are taken to the profit and loss account as incurred.
Financial liabilities
Amounts held at amortised cost
Trade creditors and other payables including bank loans are recognised at fair value on inception and are subsequently carried at amortised cost.
2. Employees
The average number of employees during the year was 97(2006: 76). Details of Directors’ remuneration are shown on pages 38 to 46. Staff costs (including Directors’ emoluments) consist of:
Year ended 31 Dec 2007 £000s |
Year ended 31 Dec 2006 £000s |
|
| Wages and salaries | 4,460 |
3,970 |
| Social security costs | 789 |
429 |
| Pension costs | 283 |
256 |
| Share based expense | 822 |
526 |
6,354 |
5,181 |
|
 |
|
|
Details of share-based payments are included in Note 33 to the Consolidated Financial Statements.
These disclosures meet the requirements of FRS 20.
3. Profit attributable to shareholders
No profit and loss account is provided for the Parent Company as allowed by Section 230 of the Companies Act 1985.
Year ended 31 Dec 2007 £000s |
Year ended 31 Dec 2006 £000s |
|
| Profit for the year attributable to the shareholders of the Parent Company, dealt with in the accounts of the Parent Company |
8,381 |
12,349 |
|
|
|
The remuneration of the auditors for the statutory audit of the Company was £40,000 (2006: £40,000).