Annual Report and Accounts 2006 - Optos

Notes to the Consolidated Financial Statements
continued
6 DIRECTORS AND EMPLOYEES
2006 2005
$’000 $’000
Staff costs for the Group during the year:
Wages and salaries 19,156 13,133
Social security costs 2,055 1,596
Defined contribution pension costs 259 202
Share-based payments 1,820 885
Share-based schemes and outstanding options are set out in Note 20.
The average monthly number of persons employed during the year was as follows:
23,290 15,816
2006 2005
No
No
Executive Directors 4 5
Field (Sales and Support) 108 86
Manufacturing 37 28
Product Development 15 14
Central 38 26
Marketing 12 14
The above tabulation excludes the non-executive Directors.
214 173
Details of the fees, emoluments, pension contributions and gains on exercise of share options attributable to each Director during the year are given in the section
headed ‘Directors’ Remuneration’ in the Directors’ Remuneration Report on pages 28-31.
PENSION SCHEME ARRANGEMENTS
Optos operates a defined contribution pension scheme, the Optos Group Personal Pension Scheme, for its Directors and senior employees. The assets of the
scheme are held separately from those of the Company in an independently administered fund. There were no outstanding contributions at 30 September 2006
or 30 September 2005.
7 TAXATION
2006 2005
$’000 $’000
Current income tax
UK corporation tax on income for the year
Research and development tax credits – (396)
Total corporation tax credit – (396)
Deferred income tax
Origination and reversal of timing differences
Adjustment to estimated recoverable deferred tax assets (11,907) –
Total deferred tax credit (11,907) –
Total income tax credit (11,907) (396)
US corporation tax has been reduced to $nil as a result of the recognition of $1,112,000 of previously unrecognised tax losses.
Optos plc Annual Report & Accounts 2006 49