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Disclosure of directors' salaries on P&L

Is there a statutory requirement to show directors' salaries separately to gen. staff salaries?

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Would be keen to know people's thoughts. I've always shown this as a separate line item on the detailed P&L but is it a requirement to do so or can there just be one combined total for all salaries? Thanks.

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By johngroganjga
22nd Aug 2019 23:14

There is no statutory requirement to produce a detailed P&L at all, so what you put in it should be what you think your client and other users of it will find most useful.

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Hallerud at Easter
23rd Aug 2019 02:07

For FRS102 smaller entities consider 1AC35 re note disclosure in the notes to the statutory part of the accounts.

Much debate has taken place re whether directors' remuneration in owner managed entities is often not at market rate and therefore ought to be disclosed, see undernoted from ICAEW

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Replying to DJKL:
By johnt27
23rd Aug 2019 10:14

Not just remuneration but dividends and credit loan balances as well.

Extremely subjective area so disclose with caution.

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By lionofludesch
23rd Aug 2019 07:56

I usually do the same as the OP - but no one sees it but the directors and HMRC and they already know what the salaries are.

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By johnt27
23rd Aug 2019 10:09

The reason it's usually posted separately is for software to pull it out and do the necessary disclosures (only relevant for FRS 102 and IFRS) in respect of directors remuneration/highest paid etc

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