Annual Report Hunter Douglas

Notes to consolidated financial statements
4. Revenues and expenses
Amounts in millions | 2010 | | 2009 |
Finance costs
Bank loans and overdraft -9 -9
Other loans (including non-cumulative redeemable preference shares) -7 -8
Total finance costs -16 -17
Finance income
Bank interest receivable 8 9
Net result investment portfolio 11 3
Non-operational exchange result 2 4
Other financial income 1 1
Total finance income 22 17
Non-recurring restructuring expenses are included
in the consolidated income statement as follows:
Cost of sales 14 22
Selling and marketing expense 1 2
General and administrative expense 2 3
17 27
Depreciation, amortization and costs of inventories included
in consolidated income statement
Included in cost of sales:
Depreciation of property, plant and equipment 62 62
Costs of inventories recognized as an expense 1,430 1,437
1,492 1,499
Included in general and administrative expenses:
Minimum lease payments recognized as an operating lease expense 8 10
Amortization other intangibles 5 5
Employee benefits expense
Wages and salaries 652 627
Social security costs 118 117
Pension costs 40 39
Expense of share-based payments 1 8
811 791
Research costs
Research costs consists of 31 (2009: 28) charged directly to general and administrative expense in the
income statement.
42
Hunter Douglas Annual Report 2010 Notes to consolidated financial statements