John Lewis Partnership plc annual report and accounts 2012
Notes to the accounts continued
9 Employees (continued) Employment and related costs were as follows:
Table showing employee and related costs
Consolidated 2012 (£m) 2011 (£m)
Wages and salaries 1,096.3 | 1,021.7
Social security costs 85.5 | 82.0
Partnership bonus 146.9 | 174.2
Employers’ national insurance on Partnership bonus 18.3 | 20.3
Pension costs (note 24) 124.0 | 122.9
Long service leave cost 4.9 | 4.7
Total before partner discounts 1,475.9 | 1,425.8
Partner discounts (deducted from revenue) 50.1 | 44.6
1,526.0 | 1,470.4
Included above are the following amounts in respect of key management compensation:
Salaries and short-term benefits 12.4 | 10.6
Pension benefits* 4.9 | 4.3
Termination benefits – | 0.7
* Includes pension supplements in lieu of future pension accrual.
All Partners engaged in the service of the company are employees of the group. No costs or employee numbers are shown for the company.
Key management include directors of group companies, members of the group’s management boards and officers of the group. Key management compensation includes salaries, national insurance costs, pension costs and the cost of other employment benefits, such as company cars, private medical insurance and termination payments.
Key management participate in the group’s long service leave scheme, which is open to all employees and provides up to six months’ paid leave after 25 years’ service. There is no proportional entitlement for shorter periods of service. It is not practical to allocate the cost of accruing entitlement to this benefit to individuals, and so no allowance has been made for this benefit in the amounts disclosed.