Directors' emoluments

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The directors’ emoluments in the year ended 31 March 2004 in total have been audited and were as follows:

Emoluments paid for the period 1 April 2003 to 31 March 2004

 
 
 
Name
 
 
Salary/fees
£
Pension fund
contri-
butions
£
 
Expense
allowances
£
 
 
Benefits
£
Total
(excl.
bonus)
£
 
 
Bonus
£
 
2004
total
£
 
2003
total
£
Executive directors                
EAG Mackay 731,400* 55,836 136,578 923,814 681,000 1,604,814 1,346,268
MI Wyman 428,930* 62,370 4,800 95,549 591,649 315,000 906,649 754,668
Total (A)             2,511,463 2,100,936
 
Non-executive directors                
GC Bible
LC Camilleri
NJ De Lisi
JM Kahn 130,000 5,373 135,373 135,373 130,620
Lord Fellowes 63,500 369 63,869 63,869 58,450
MJ Levett 42,500 42,500 42,500 40,000
MQ Morland 47,500 356 47,856 47,856 44,659
MC Ramaphosa 42,500 42,500 42,500 40,000
Lord Renwick of Clifton 56,500 56,500 56,500 53,875
PJ Manser 58,500 369 58,869 58,869 54,942
Ning Gaoning 37,500 37,500 37,500 35,625
Total (B)             484,967 458,171
Grand total (A+B)             2,996,430 2,559,107

Mr Bible, Mr Camilleri and Ms De Lisi have waived their fees. Mr Ning has waived his fees in favour of China Resources Enterprise Ltd, a Hong Kong company, which have been accrued and not yet paid.

Note on past executive directors:
Mr Goedhals, who stepped down from the board on 29 February 2000 along with Mr Stringfellow, continues to be employed as a part-time consultant following his retirement for which he receives fees. Mr Stringfellow transferred employment from 1 April 2003 to associate Tsogo Sun Holdings Limited. Mr Cox stepped down from the board on 28 February 2001 and transferred his employment to SABMiller Europe where he is chief financial officer based in Budapest. Mr Adami, Mr Lloyd, Mr Parker and Mr Simms left the board on 31 July 2002 but continued in their executive employment. Mr Simms and Mr Lloyd retired from the group on 31 August and 31 October 2003 respectively.

*Note on executive directors’ salaries:
The salaries reported include in the case of Mr Mackay £50,400 (2003: £40,625) and in the case of Mr Wyman £3,930 (2003: nil) as retirement contributions in excess of the tax allowable benefit cap paid as a salary supplement.

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