QBE European Operations plc

QBE European Operations plc Annual report 2011
63
9 Investment income, expenses and charges
a) Income from investments other than participating interests
2011 2010
£000 £000
Dividend income 3,936 6,133
Interest receivable:
From Group undertakings 92,169 86,391
Other 136,776 115,148
Gains on realisation of investments – 13,483
Foreign currency exchange gains 9,608 16,318
Other investment income 1,649
244,138 237,473
b) Investment expenses and charges
2011 2010
£000 £000
Investment management expenses 19,608 29,619
Interest payable:
To Group undertakings 101,194 57,957
Other 15,055 23,143
Losses on realisation of investments 1,822 2,613
137,679 113,332
10 Profit on ordinary activities before tax
Profit on ordinary activities before taxation is stated after charging:
2011 2010
£000 £000
Auditors’ services:
Auditors’ remuneration in respect of audit services 141 157
Other services:
Audit of the company’s subsidiaries, pursuant to legislation 1,053 1,019
Other services supplied pursuant to legislation 390 387
Services relating to taxation 197 428
Other services not covered above 727 239
Payments on operating leases – land and buildings 14,011 13,135
Payments on operating leases – other 271 240
Depreciation:
Charge in year 25,831 14,358
Net loss on disposal of fixed assets – other 79 123
Financial statements