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8 Directors’ emoluments (continued)

The aggregate pension entitlement accrued at the end of the year for all directors, excluding the Chairman, who served on the Board during any part of the year, and the prior year amount for the same individuals, was £676,000 per annum (2009: £580,000 per annum). The increase in accrued pension reflects the combined effect of a further year’s service and an increase in pay during the year. In addition, most of the directors are entitled to temporary pensions payable from age 60 until their State pension starts. The amounts of these temporary pensions are all less than the State pensions they expect to receive. The aggregate entitlement to temporary pensions was £13,000 per annum (2009: £20,000 per annum). The transfer value of the aggregate increase in accrued entitlement, including temporary pensions, during the year was £941,000.


9 Employees

During the year the average number of employees of the group, all of whom were employed in the UK, was as follows:

Consolidated 2010 2009

John Lewis 27,200 27,200
Waitrose 41,100 39,900
Other 1,700 1,600

70,000 68,700

Employment and related costs were as follows:

2010 2009 Restated
Consolidated £m £m

Staff costs:
Wages and salaries 940.4 908.0
Social security costs 75.2 73.7
Partnership bonus 135.7 112.2
Employers’ national insurance on Partnership bonus 15.6 13.2
Pension costs 98.9 98.2
Long service leave cost 3.2 3.7

Total before partner discounts 1,269.0 1,209.0
Partner discounts (deducted from revenue) 30.0 24.0

1,299.0 1,233.0
Included above are the following
amounts in respect of key management compensation:
Salaries and short-term benefits 9.9 9.4
Pension benefits 4.5 4.0
Termination benefits 0.3 –

Long service leave costs for the prior year have been restated to exclude the financing element of long leave costs, as explained in note 1.

All Partners engaged in the service of the Company are employees of the group. No costs or employee numbers are shown for the Company.