5. STAFF COSTS    
 
2006
£’000
2005
£’000
Wages and salaries
4,887
5,462
Social security
541
633
Pension costs
425
416
 
5,853
6,511
     
Included in wages and salaries is a total expense of share-based payments of £142,000 (2005: £110,000) 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:    
     
 
2006
Number
2005
Number
Property development and investment
33
34
Operating property activities
56
41
 
89
75
     
The Directors are considered to be the only key management personnel. Their remuneration is shown in the Remuneration report.