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