2Profit for the financial year
As permitted by Section 408 of the Companies Act 2006, the parent company’s profit and loss account has not been included in these financial statements. The parent company’s loss after taxation, including dividends receivable and before dividends payable was £888,000 (2009: profit of £179,023,000). The Company has no employees; all six executive directors have contracts of service with ARM Limited, a subsidiary of the Company. All emoluments of these directors are paid by ARM Limited and are disclosed in the remuneration report within these financial statements. Audit fees are disclosed in note 5 to the consolidated financial statements on page 100.