Peachtree 2012 Annual Report Download - page 92
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Results for the year continued
2 Profit before income tax
2.1 Operating profit
The following items have been included in arriving at operating profit Note
Continuing
operations
2012
£m
Discontinued
operations
2012
£m
Continuing
operations
2011
£m
Discontinued
operations
2011
£m
Staff costs 2.2 610.0 7.2 611.6 66.7
Cost of inventories recognised as an expense (included in cost of sales) 7.1 12.0 1.5 12.7 9.0
Depreciation of property, plant and equipment 621.7 – 21.8 0.7
Amortisation of intangible assets
(excluding amortisation of development expenditure) 5.2 25.6
– 28.0 8.7
Amortisation of development expenditure 5.2 – – 0.1 –
Loss/(profit) on disposal of property, plant and equipment 12.1 0.2 (0.2) 2.5 –
Profit on disposal of intangible assets 12.1 (1.4) – (1.3) –
Other operating lease rentals payable 630.9 – 30.0 1.9
Repairs and maintenance expenditure on property, plant and equipment 2.1 – 2.3 0.1
Net foreign exchange losses 0.2 – 0.4 –
Acquisition-related items 4.4 – 0.4 –
Research and development expenditure 159.4 1.6 151.9 14.0
Services provided by the Group’s auditor and network firms
During the year, the Group (including its overseas subsidiaries) obtained the following services from the Group’s auditor at costs as detailed below:
2012
£m
2011
£m
Fees payable to the Group’s auditor for the audit of parent Company and consolidated accounts 1.9 2.0
Fees payable to the Group’s auditor for audit-related assurance services 0.1 0.2
Total audit fees 2.0 2.2
Tax compliance services 0.6 1.4
Tax advisory services 0.1 –
Other non-audit services 0.1 –
Total fees 2.8 3.6
The total audit fee for the Group, including the audit of overseas subsidiaries, was £2.0m (2011: £2.2m).
The Board’s policy in respect of the procurement of non-audit services for the Group’s auditor is set out on page 56.
2.2 Employees and directors
Average monthly number of people employed (including directors)
Continuing
operations
2012
number
Discontinued
operations
2012
number
Continuing
operations
2011
number
Discontinued
operations
2011
number
By geographical location:
Europe 7,992 – 7,806 –
Americas 3,066 98 2,754 1,180
AAMEA 2,037 – 1,825 –
13,095 98 12,385 1,180
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