Directors' emoluments

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The directors’ emoluments in the year ended 31 March 2005 in total have been audited and were as follows:

Emoluments paid for the period 1 April 2004 to 31 March 2005

 
 
 
Name
 
 
Salary/fees
£

2004
Salary/fees
£
 
Expense
allowances
£
 
 
Benefits*
£
Total
(excl.
bonus)
£
 
2005 
Bonus
£
 
2005 †
total
£
 
2004
total
£
Executive directors
EAG Mackay 735,000 731,400 81,365 816,365 735,000 1,551,365 1,604,814
MI Wyman 450,000 428,930 3,700 68,596 522,296 335,000 857,296 906,649
Total (A) 2,408,661 2,511,463
 
Non-executive directors
GC Bible
NJ De Lisi
LC Camilleri
Lord Fellowes 71,834 63,500 276 72,110 63,869
JM Kahn 146,667 130,000 3,589 150,256 135,373
MJ Levett 14,045 42,500 14,045 42,500
PJ Manser 66,833 58,500 123 66,956 58,869
J Manzoni 30,000 30,000
MQ Morland 59,833 47,500 267 60,100 47,856
Ning Gaoning 42,500 37,500 42,500 37,500
MC Ramaphosa 47,500 42,500 47,500 42,500
Lord Renwick of Clifton 58,167 56,500 58,167 56,500
Total (B)             541,634 484,967
Grand total (A+B)             2,950,295 2,996,430

Mr Bible and Mrs De Lisi have waived their fees. Mr Ning has waived his fees in favour of China Resources Enterprises Ltd, a Hong Kong company.
Note on past executive directors:
Mr Levett and Mr Camilleri both stepped down from the board at the 2004 annual general meeting. Mr Camilleri waived all his fees from the date of his appointment until the end of July 2004. Mr Levett’s fees cover the period from 1 April 2004 until the end of July 2004.
† The total emoluments reported for 2005 exclude retirement contributions made by the company to the pension schemes as detailed on page 56 which in 2004 were paid as a salary supplement included within total emoluments. Retirement contributions were paid on behalf of Mr Mackay and Mr Wyman to the extent allowed by the earnings cap, in the amounts of £57,528 (2004: £5,436) and £64,260 (2004: £58,440) respectively, and contributions in excess of the earnings cap were £162,972 (2004: £50,400) and £70,740 (2004: £3,930) respectively.
During the year, the group’s apartment in London was made available to Mr Mackay to occupy intermittently, subject to tax on this use for his account.
Mr Mackay receives an annual fee of £60,000 which he is permitted to retain, relating to his appointment as a non-executive director of Reckitt Benckiser plc. A proportion of this fee is applied to the purchase of Reckitt Benckiser plc ordinary shares. From the date of his appointment on 25 February 2005 and up until 31 March 2005, he will have received a pro-rata amount of the annual fee.
* The items included within benefits are given on page 56.

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