UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 147
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021 (continued)
5
Profit for the Year Before Income Tax
The profit before tax for the year is stated after charging / (crediting):
Distribution expenses
Product development costs (total, including payroll)
Depreciation
Amortisation of intangible assets
Impairment of property, plant and equipment
Foreign exchange net (gains)/losses
Loss/(profit) on sale of property, plant and equipment
2021
€m
2020
€m
277.1
40.9
138.4
29.5
3.1
(2.0)
0.4
207.2
33.1
122.0
23.5
2.4
3.7
(1.1)
Analysis of total auditor’s remuneration
Total
2021
EY Ireland
2020
€m
Other EY
Offices
2021
€m
€m
1.0
0.3
1.3
2.7
2.7
1.0
2.7
0.3
4.0
EY Ireland
2021
Audit of Group
Audit of other subsidiaries
Tax compliance and advisory services
Total
2020
€m
Other EY
Offices
2020
€m
0.6
0.1
0.7
2.1
2.1
0.6
2.1
0.1
2.8
€m
Included in Audit of Group are total fees of €0.4m which are due to EY in respect of the audit of the Parent Company (2020: €0.2m).
6
Directors’ Remuneration
Fees
Other emoluments
Pension costs
Performance Share Plan accounting charge
2021
€m
2020
€m
0.7
2.7
0.6
4.0
3.1
7.1
0.6
3.2
0.8
4.6
3.7
8.3
In accordance with the Statement of Accounting Policies (Share-Based Payment Transactions) and Note 3, the Performance
Share Plan accounting charge of €3.1m (2020: €3.7m) is the fair value expense, accounted for in accordance with IFRS 2, of equity
settled share-based payments attributable to directors for the period. The fair value of each equity settled share-based payment is
determined at grant date and is recognised as an employee expense in the Consolidated Income Statement on a straight-line basis
over the vesting period.
Pursuant to the Companies Act 2014 and related guidance, the Report of the Remuneration Committee only reports share-based
payments which vested in the period, and they are measured at market value rather than fair value. This explains differences between
the total Directors’ Remuneration expense of €7.1m in this Note and the total Director’s Remuneration expense of €16.4m in the Report of
the Remuneration Committee.
Aggregate gains of €2.9m (2020: €16.2m) were realised with respect to share options exercised by directors during the financial year.
Details of the number of share options exercised by each director, the market value of the shares on the date of exercise, and the exercise
price are included in the Performance Share Plan section of the Report of the Remuneration Committee.
A detailed analysis of directors’ remuneration is contained in the Report of the Remuneration Committee.
Kingspan Group plc Annual Report & Financial Statements 2021
Financial Statements
