96


John Lewis Partnership plc Annual Report and Accounts 2014


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED


9 Partners This note shows the average number of Partners employed by us in the year, which areas of the Partnership they work in, and total employment related costs. At the end of the year, the total number of Partners was 91,000.


9.1 Partner numbers During the year the average number of Partners in the Partnership was as follows:


2014


John Lewis Waitrose


Partnership Services and Corporate


9.2 Partner benefits Employment and related costs were as follows:


2014 £m


Staff costs:


Wages and salaries Social security costs Partnership Bonus


Employers’ national insurance on Partnership Bonus Other pension costs (note 22) Long leave cost


Total before Partner discounts Partner discounts (excluded from revenue)


Included above are the following amounts in respect of key management compensation: Salaries and short-term benefits Post-employment benefits*


* Includes pension supplements in lieu of future pension accrual. 9.3 Directors’ emoluments


Directors’ emoluments have been summarised below. Further details of the remuneration of Directors is given in the part of the Remuneration Report noted as audited on pages 74 to 77.


2014 £m


Aggregate emoluments (6.9)


2013 £m


(6.6)


Key management include Directors of Partnership companies, members of the Partnership’s management Boards and officers of the Partnership. 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 where applicable.


Key management participate in the Partnership’s long leave scheme, which is open to all Partners 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.


(1,271.1) (97.1)


(180.2) (22.3)


(175.7) (7.5)


(1,753.9) (63.3)


(1,817.2)


(14.1) (4.8)


(18.9)


(1,162.3) (88.5)


(187.4) (23.4)


(137.0) (5.4)


(1,604.0) (57.4)


(1,661.4)


(13.5) (4.6)


(18.1) 2013


(restated) £m


29,800 55,000 1,800


86,600 2013


29,300 51,000 1,600


81,900


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