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BAKKAVOR ANNUAL REPORT AND ACCOUNTS 2012
notes to the consolidated financial statements
continued
6
OPERATING PROFIT/(LOSS)
Operating profit/(loss) for the period has been arrived at after charging/(crediting):
52 weeks 52 weeks
ended ended
29 December 31 December
£m 2012 2011
Continuing operations
Depreciation of property, plant and equipment – owned 39.5 38.7
– leased – 1.2
Research and development costs 6.3 5.5
Cost of inventory recognised as an expense 796.0 811.8
Write down of inventories recognised as an expense 0.8 0.2
Amortisation of intangible assets 8.7 9.2
Impairment of assets (note 8) 1.0 63.7
Exceptional items (note 7) 4.4 (7.4)
Loss on disposal of property, plant and equipment 1.3 0.3
(Profit)/loss on disposal of subsidiary (note 31) (0.4) 1.0
Loss on disposal of associate (note 32) – 1.6
Staff costs (note 9) 368.3 336.3
Discontinued operations
Depreciation of property, plant and equipment – owned 2.4 2.8
– leased 0.7 1.2
Research and development costs 0.1 0.1
Cost of inventory recognised as an expense 52.0 56.3
Amortisation of intangible assets – 0.2
Impairment of assets (note 8) – 13.2
Exceptional items (note 7) (0.8) 0.2
Staff costs (note 9) 29.5 31.7
The analysis of auditor remuneration is as follows:
52 weeks 52 weeks
ended ended
29 December 31 December
£’000 2012 2011
Fees payable to the Company’s auditor for the audit of the Company’s annual accounts 70 85
The audit of the Company’s subsidiaries pursuant to legislation 420 549
Total audit fees 490 634
Tax services 82 313
Fees payable to the Company’s auditor and their associates for other services to the Group 45 281
Total non-audit fees 127 594
Of the total prior period non-audit fees, £539,000 relates to the refinancing that was completed in February 2011.
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