Annual Report 2016
Notes to the Financial Statements
3
Operating Costs before exceptional operating item (net)
2016
2015
(as restated)
£’000
£’000
Other operating income (note 6)
Raw materials and consumables
Staff costs (note 4)
Depreciation (non-infrastructure assets)
Depreciation (infrastructure assets)
Infrastructure renewals expenditure
Amortisation of goodwill
Amortisation of capital contributions
Operating lease rentals:
plant and machinery
other
Other operating costs
(1,683)
26,225
77,374
21,552
3,439
7,510
4,328
(2,283)
(1,038)
24,204
78,385
20,189
3,338
8,693
3,729
(2,207)
133
3,296
47,558
195
3,086
56,091
187,449 194,665
The Group auditor’s remuneration is analysed as follows:
2016
£'000
2015
£'000
Fees payable to the Company's auditor for the audit of the
Company's annual accounts
The audit of other Group undertakings pursuant to legislation
35
172
20
155
Total audit fees
207
175
Other services pursuant to legislation
15
14
Other services 18 20
Tax services 20 26
Total non-audit fees
The increase in audit fees in year ended 31 March 2016 mainly relates to work in connection with the transition to FRS 102.
4
53
60
Staff Costs
2016
£’000
Wages, salaries and bonuses
Social security costs
Pension costs
68,724
6,344
2,306
2015
£’000
68,949
6,205
3,231
77,374 78,385
2016
2015
Number Number
Average number of employees
South Staffs Water
430
Non-regulated service companies
2,065
478
2,015
2,495 2,493
5
Directors’ Remuneration
The remuneration of the Directors of the Company, is set out below.
2016
£’000
2015
£’000
Emoluments 362 336
No Directors holding office at 31 March 2016 accrued benefits in respect of service in the year under a Group defined benefit pension scheme during the
year (2015: 1 Director) and 1 Director was a member of a Group money purchase pension scheme during the year (2015: No Directors). There were £61,000
of contributions paid by the Group to money purchase pension schemes in respect of Directors during the year (2015: £Nil).
The highest paid Director received emoluments of £362,000 (2015: £336,000) during the year. There were £61,000 of Group contributions to a money
purchase pension scheme in respect of the highest paid Director (2015: £Nil).
None of the Directors had a material interest in any contract to which the Group was party during the year or the preceding year.
63