5 STAFF COSTS
| 2007 £’000 |
2006 £’000 |
|
| Wages and salaries | 5,965 | 4,887 |
| Social security | 768 | 541 |
| Pension costs | 470 | 425 |
| 7,203 | 5,853 |
Included in wages and salaries is a total expense in respect of share-based payments of £428,000 (2006: £142,000) all of which arises from transactions accounted for as equity-settled share-based payment transactions.
Average weekly number of employees, including Directors, during the year:
| 2007 Number |
2006 Number |
|
| Property development and investment | 34 | 33 |
| Operating property activities | 54 | 56 |
| 88 | 89 |
The Directors are considered to be the only key management personnel. Their remuneration is shown in the Remuneration report.
