BTPLC Annual Report 2004 - Consolidated Fianancial Statements

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Notes to the financial statements

32. Directors’ emoluments
The emoluments of the directors for the year ended 31 March 2004 and the benefits received under the long-term incentive plans were, in summary, as follows:

	2004	2003	2002
	Ł000	Ł000	Ł000

Salaries	3,150	3,212	2,223
Performance-related and special bonus	2,074	2,309	1,691
Deferred bonus in shares	1,037	1,484	492
Other benefits	467	644	160

	6,728	7,649	4,566
Payments to non-executive directors	337	294	414

Total emoluments	7,065	7,943	4,980

Gain on the exercise of share options^a	–	–	75
Value of shares vested under the Executive Share Plan and Retention Share Plan	412	411	483

^a	The amount for the year ended 31 March 2002 is entirely attributable to former directors.

More detailed information concerning directors’ remuneration, shareholdings, pension entitlements, share options and other long-term incentive plans is shown in the report on directors’ remuneration.

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