Contents

NOTES TO THE FINANCIAL STATEMENTS

14. DIRECTORS' EMOLUMENTS

2010

£000

2009

£000

Executive Directors:

Salary

975

975

Performance-related cash bonus paid or payable

458

257

Share-based payments

847

689

Other emoluments

65

67

Payment in lieu of pension provision

95

95

Non-executive Directors

399

376

2,839

2,459

The cost of share-based payment represents the amount charged to the income statement, as described in note 32.

The aggregate gains on vesting of Directors' share-based awards amounted to a total of £378,000 (2009 £569,000).

Total gains made by Directors on the exercise of share options were £3,000 (2009 nil).

Total emoluments include £1,301,000 (2009 £995,000) payable to Directors for services as directors of subsidiary undertakings.

At 31 March 2010 retirement benefits were accruing to two Directors under defined benefit pension schemes (2009 two). The accrued pension entitlement at 31 March 2010 under defined benefit schemes of the highest paid Director was £146,000 (2009 £122,000).

No pension contributions were payable to defined contribution schemes but one Director received payments in lieu of pension provision.

More detailed information concerning Directors' emoluments (including pensions and the highest paid Director) and share interests is shown in the Directors' remuneration report.