Notes to the parent company financial statements NOTE 1 - Revenue
2011
2010
Management fee Rental income etc. Total revenue
4.6 14.9 19.5
3.7 14.7 18.4
(2.1) (11.7) (0.1) (0.9) (1.3) (16.1)
(1.9) (10.5) (0.1) (0.8) (1.1) (14.4)
NOTE 2 - Costs Staff costs Remuneration to the Board of Directors of Schouw & Co. Wages and salaries Other social security costs Defined contribution pension plans Share-based payment Total staff costs
More information on salaries, pensions and share-based payment to the Management Board of Schouw & Co. is provided in note 3 to the consolidated financial statements. Staff costs including share-based payment are recognised under administrative expenses. Average number of employees
11
10
Share option program Details of the share option plan are provided in note 3 to the consolidated financial statements.
Depreciation/amortisation and impairment Depreciation of property, plant and equipment Impairment of property, plant and equipment Total depreciation/amortisation and impairment
(0.9) 0.0 (0.9)
(0.8) (0.1) (0.9)
Depreciation/amortisation and impairment are recognised in the income statement as follows: Production Administration Total depreciation/amortisation and impairment
(0.2) (0.7) (0.9)
(0.2) (0.7) (0.9)
(0.3) (0.1) (0.1) (0.2) (0.7)
(0.3) (0.1) (0.2) (0.2) (0.8)
Gains on the disposal of property, plant and equipment Total other operating income
0.9 0.9
0.1 0.1
Losses on the disposal of property, plant and equipment Total other operating expenses
(0.3) (0.3)
(0.2) (0.2)
Parent company
Employee shares In 2011, Schouw & Co. allocated 1.096 of its treasury shares for employee share schemes. Employee shares are granted on the basis of a performancedriven model. If the conditions are met, the employees receive a variable number of shares at no consideration equivalent to the estimated performance value. The condition was met for the 2011 financial year and employees have obtained a right to receive shares at a value of DKK 65 thousand (2010: DKK 40 thousand), which amount is expensed in the income statement for 2011. The shares are held in blocked accounts until the end of the seventh calendar year following grant.
NOTE 3 - F ees to the auditor appointed by the general meeting Audit fees, KPMG Non-audit fees, KPMG Fees for tax- and VAT-related services, KPMG Fees for other services, KPMG Total fees, KPMG
NOTE 4 - Other operating income and expenses
All amounts in millions of Danish kroner.
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