Page 92 - Honeywell Annual Report 2021 comm 10 09 v17a.cdr

Notes to the Financial Statements

For the Year Ended 31 March, 2021 cont’d

23. Emoluments of Chairman, Directors and Employees

23.1 Chairman and Directors
2021 2020
N'000 N'000
Fees:
Chairman 2,680 1,600
Other directors 10,400 11,651
13,080 13,251
Other Emoluments:
Chairman - -
Other directors 42,269 39,935
Total emoluments 55,349 53,186

Number of directors (excluding the Chairman) whose emoluments were within certain ranges were:
Number Number
below N5,000000 7 7
N5,000,000 - N10,000,000 - -
N10,000,001 and above 2 2

No director waived his/her right to receive emoluments.
No pension was paid to the existing and past directors
No compensation for loss of office was paid to any of the directors.

23.2 Employees
As at 31 March, 2021 the company had 832 permanent employees (2020: 819). Employee benefits expense is made
up of the following for all employees, excluding executive directors:
2021 2020
N'000 N'000
Basic and other payroll costs 2,870,307 2,574,880
Pension contribution- employer 278,599 242,361
Bonus 83,118 80,049
Medical aid - company contributions 152,695 127,082
Furniture 240,455 209,847
Leave allowance 140,286 121,458
Other short-term benefit 829,136 747,592
4,594,596 4,103,269

Total employees' costs charged as follows:
Direct employee costs 2,681,854 2,362,844
Indirect employee cost 1,912,742 1,740,425
4,594,596 4,103,269

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