Table:
|  | Gavin Darby |  | Alastair Murray |  |
| --- | --- | --- | --- | --- |
|  | 2018/19 | 2017/18 | 2018/19 | 2017/18 |
|  | £’000 | £’000 | £’000 | £’000 |
| Salary | 583 | 700 | 416 | 408 |
| Salary supplement | – | – | 40 | – |
| Taxable benefits | 17 | 22 | 27 | 24 |
| Pension | 117 | 140 | 36 | 35 |
| Annual Bonus | 525 | 368 | 232 | 153 |
| Share based awards | – | – | – | – |
| Total | 1,242 | 1,230 | 751 | 620 |
Paragraphs:
Single figure table for total remuneration (audited)
Single figure for the total remuneration received by each executive director for the 52 weeks ended 30 March 2019 (2018/19) and 31 March 2018 (2017/18).
Gavin Darby
Mr Darby received a basic salary of £700,000 per annum and a salary supplement in lieu of pension of 20% of base salary on a pro rata basis for the period up to 31 January 2019. Mr Darby received a pro rata bonus of £525,500 for the financial period to 31 January 2019. Benefits were provided for the period up to 31 January 2019 relating to the provision of an executive driver service, private health insurance and annual medical assessment.
Alastair Murray
Mr Murray received a basic salary for the period of £416,201 per annum and an annualised supplement in lieu of pension of 7.5% of the Earnings Cap (£160,800 for the 2018/19 tax year) which equates to £12,060 for the period together with an additional RPI adjusted pensions supplement of £24,348. He was appointed Acting CEO on 1 February 2019, in addition to his current role of Chief Financial Officer, on a temporary basis whilst the Board conducts a search process for a new CEO.
In recognition of this significant additional responsibility, it was agreed that Mr Murray would receive a monthly salary supplement of £20,000 (which does not count towards pension, annual bonus or long-term incentives) whilst he carries out this role.
Mr Murray received a bonus of £231,615 for the financial period. Benefits related to the provision of a company car, use of an executive driver service (following his appointment as Acting CEO) and private health insurance. In line with the current Remuneration Policy, one-third of his annual bonus award will be in the form of shares deferred for three years.
Full details of the annual bonus performance assessments for Mr Darby and Mr Murray are set out on pages 53 to 55.
Question:
What is the average salary of Alastair Murray in 2017/18 and 2018/19?
Answer: (416 + 408) / 2 = 412