Annual Report & Accounts 2012 - Euromoney Institutional Investor ...

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Notes to the Consolidated
Financial Statements continued
3 Segmental analysis continued
United Kingdom North America Rest of World Total
2012
£000
Non-current assets (excluding financial instruments
and deferred tax assets)
by location:
Goodwill 91,555 91,555 237,005 244,604 4,505 473 333,065 336,632
Other intangible assets 32,688 35,638 102,223 117,486 1,332 286 136,243 153,410
Investments 735 – – – – – 735 –
Property, plant and equipment 13,716 14,419 3,309 4,697 957 1,274 17,982 20,390
Non-current assets 138,694 141,612 342,537 366,787 6,794 2,033 488,025 510,432
Capital expenditure by location (431) (512) (810) (639) (424) (961) (1,665) (2,112)
2011
£000
2012
£000
2011
£000
2012
£000
2011
£000
2012
£000
2011
£000
The group has taken advantage of paragraph 23 of IFRS 8 ‘Operating segments’ and does not provide segmental analysis of net assets as this
information is not used by the directors in operational decision making or monitoring of the businesses performance.
4 Operating profit
2012
£000
2011
£000
Revenue 394,144 363,142
Cost of sales (98,308) (94,881)
Gross profit 295,836 268,261
Distribution costs (4,280) (4,025)
Administrative expenses (196,081) (186,879)
Operating profit before associates 95,475 77,357
Administrative expenses include an acquisition credit of £205,000 (2011: acquisition cost of £1,012,000), an intangible asset impairment of £nil (2011:
£120,000) and restructuring and other exceptional costs of £1,822,000 (2011: £2,163,000) (note 5).
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