Punch Taverns plc 2011 Annual Report

66
Punch Taverns plc
Annual Report and Financial Statements 2011
Notes to the financial statements continued
for the 52 weeks ended 21 August 2011
7 Employees and Directors
The staff costs for continuing operations are set out below:
52 weeks to
20 August
2011
£m
Restated
52 weeks to
21 August
2010
£m
Wages and salaries 24.9 24.5
Social security costs 2.8 3.0
Share-based payments 3.0 3.2
Other pension costs 1.5 1.7
32.2 32.4
The average number of employees employed by the Group in continuing operations during the period was as follows:
Restated
52 weeks to
20 August
2011
52 weeks to
21 August
2010
Management and administration 1 651 615
1
Employee numbers relate to actual employees rather than full-time employee equivalents.
No employees are employed directly by the Company.
Directors’ emoluments are disclosed in the Report on Directors’ remuneration on pages 32 to 43.
8 Taxation
(a) Tax on profit on ordinary activities
Tax charged / (credited) in the income statement
52 weeks to 20 August 2011
Nonunderlying
£m
Underlying
£m
Total
£m
Restated
52 weeks to 21 August 2010
Nonunderlying
Underlying
£m
£m
Current tax on continuing operations
UK corporation tax – current year 22.9 (0.1) 22.8 24.4 (6.4) 18.0
UK corporation tax – adjustments in respect of prior years – 0.4 0.4 – 3.1 3.1
22.9 0.3 23.2 24.4 (3.3) 21.1
Deferred tax on continuing operations (note 17)
Origination and reversal of temporary differences –
current year (1.6) 3.5 1.9 2.1 6.2 8.3
Origination and reversal of temporary differences –
adjustments in respect of prior years – (1.7) (1.7) – (7.2) (7.2)
(1.6) 1.8 0.2 2.1 (1.0) 1.1
Total tax charge / (credit) in the income statement
on continuing operations 21.3 2.1 23.4 26.5 (4.3) 22.2
Income tax credit on discontinued operations – (46.2) (46.2) – (21.4) (21.4)
Total tax charge / (credit) 21.3 (44.1) (22.8) 26.5 (25.7) 0.8
Total
£m