Annual Report for the year ended 31 December 2008

11. aUditoRs’ RemUneRation
During the year, the Group (including its overseas branches and subsidiaries) obtained the following services from the Group’s auditors at costs as detailed
below:
Continuing Discontinued Total Total
operations operations 2008 2007
2008 2008 2008 2007
£'000 £'000 £'000 £'000
AuDIT SERVICES:
Fees payable to the company’s auditor for the audit of the Group’s annual accounts 70 – 70 201
FEES PAYABLE TO THE GROuP’S AuDITOR AND ITS ASSOCIATES FOR OTHER SERVICES:
The audit of the Group’s subsidiaries 468 56 524 408
other services supplied pursuant to legislation 29 – 29 28
services relating to taxation 268 – 268 198
All other services 93 27 120 215
928 83 1,011 1,050
Fees paid to the Group’s auditors include all fees in their capacity as such. included within the fees payable for the audits of the Group’s annual accounts and of
its subsidiaries is an amount of £31,000 in 2008 (2007: £194,000) which was paid in the year in which it is included, but related to the prior years’ audits.
Taxation services include compliance services such as tax return preparation and advisory services such as consultation on tax matters, tax advice relating to
transactions and other tax planning and advice.
12. emPloYees and diReCtoRs Exceptional Total
Total Restated Restated Restated
2008 2007 2007 2007
£'000 £'000 £'000 £'000
EMPLOYEE REMuNERATION EXPENSE
Wages and salaries 33,889 31,823 2,978 34,801
social security costs 4,116 4,162 381 4,543
redundancy costs 1,033 240 – 240
other pension costs 229 159 – 159
cost of share options 11,729 11,253 – 11,253
other staff costs 145 204 88 292
Total employee remuneration expense 51,141 47,841 3,447 51,288
The average number of employees (including Directors) during the year was as follows: Restated
2008 2007
GROuP
investment banking and markets 137 162
private client and investment management 216 166
other activities 13 11
Total average number of employees 366 339
The actual number of full time employees was 396 at 31 December 2008 (31 December 2007: 352).
Directors
The total emoluments of the highest paid Director were £918,162 (2007: £2,340,867), which comprised aggregate emoluments and £nil (2007:
£1,863,750) of gains on exercise of share options.
no Director accrued benefits under money purchase pension schemes during the year (2007: nil).
Aggregate emoluments for all Directors is shown in the table below:
2008 2007
£'000 £'000
Aggregate emoluments 2,034 1,485
Gains made on exercise of share options – 1,864
2,034 3,349
notes to tHe FinanCial statements CONTINuED
FOR THE YEAR ENDED 31 DECEMBER 2008
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