Downloadable PDFs and Excel tables of the Annual Report and Notice of AGM documents are available below.


Notes to the accounts

11 Employees

 

Year ended 31 July 2008

Period ended 31 July 2007

     

Total
(all continuing)
£m

Continuing
£m

Discontinued
£m

Total
£m

Staff costs during the period

Wages and salaries

   

545.8

528.1

295.6

823.7

Social security

   

67.3

62.4

25.4

87.8

Share-based payment (note 31)

   

12.9

10.4

3.5

13.9

Pension costs (including defined contribution schemes) (note 10)

   

36.4

44.3

18.0

62.3

     

662.4

645.2

342.5

987.7

 

The average number of persons employed was:

 

Year ended
31 July 2008

Period ended
31 July 2007

Detection

2,300

2,100

Medical

8,400

8,000

Specialty Engineering:

   

John Crane

6,400

5,600

Specialty – Other

5,500

5,100

Continuing operations

22,600

20,800

Discontinued operations

 

8,300

 

22,600

29,100

 

Key management

The key management of the Group comprises Smiths Group plc Board directors and Group Managing Directors who are not Board members during the year and their aggregate compensation is shown below. Details of directors’ remuneration are contained in the report of the Remuneration Committee.

 

Year ended
31 July 2008
£m

Period ended
31 July 2007
£m

Key management compensation

   

Salaries and short-term employee benefits

7.6

6.6

Cost of post-retirement benefits

1.0

1.2

Cost of share-based incentive plans

5.6

2.8

 

No member of key management had any material interest during the period in a contract of significance (other than a service contract or a qualifying third party indemnity provision) with the Company or any of its subsidiaries. Options and awards held at the end of the period by key management in respect of the Company’s share-based incentive plans were:

 

Year ended 31 July 2008

Period ended 31 July 2007

 

Number of
instruments
’000

Weighted
average price

Number of
instruments
’000

Weighted
average price

CIP

306

£0.00

425

£0.00

DSS

   

109

£0.00

ESOS

177

£8.06

413

£8.57

PSP

795

£0.00

1,067

£0.00

SAYE

9

£8.32

14

£6.96

 

The disclosure above does not include options held by individuals who retired before the year end.


Smiths Group divisions:
Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect, Flex-Tek

 

Smiths Group plc:
Registered office 765 Finchley Road, London NW11 8DS
Incorporated in England No. 137013
Copyright 2008 Smiths Group plc.
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