RWS AR 23 Final Single pages - Flipbook - Page 126
Notes to the Consolidated Financial Statements (continued)
7. EMPLOYEE COSTS
Accounting policy
Pension cost
The Group operates a de昀椀ned contribution pension scheme, for its employees. The assets of the scheme are held
separately from those of the Group in independently administered funds. Contributions to de昀椀ned contribution
pension schemes are recognised in pro昀椀t or loss in the Consolidated Statement of Comprehensive Income in the
period to which they become payable.
Wages and salaries
2023
£m
2022
£m
288.6
276.6
Reorganisation costs
7.6
1.6
Social security costs
43.2
37.0
Pension costs
10.4
10.0
1.8
3.2
351.6
328.4
Share-based payment expense (Note 22)
Total employee costs
Details of Directors’ remuneration and pension contributions are disclosed in the Directors’ Remuneration Report
on pages 88 to 94. Key Management's remuneration disclosures are disclosed as part of Related Party Transactions
in Note 25. Sta昀昀 costs above are stated before the capitalisation of sta昀昀 costs in respect of the Group's research and
development activities, the total value of sta昀昀 costs capitalised were £19.1m (2022: £22.6m).
The Group operates a de昀椀ned contribution pension scheme, making payments on behalf of employees to their
personal pension plans. Payments of £10.6m (2022: £8.8m) were made in the year. The amount charged to pro昀椀t and
loss in the Consolidated Statement of Comprehensive Income in the year was £10.4m (2022: £10.0m). At the year end
there were unpaid amounts included in other payables totalling £2.3m (2022: £2.5m).
The monthly average sta昀昀 numbers were:
Production sta昀昀
Administrative sta昀昀
126
RWS Holdings plc — Annual Report 2023 NOTES TO THE CONSOLIDATED STATEMENTS
2023
No
2022
No
6,248
6,193
1,860
1,787
8,108
7,980
