omnia holdings annual report 2010 omnia holdings annu

100 OMNIA ANNUAL REPORT 2010 FINANCIAL STATEMENTS continued
NOTES TO THE GROUP FINANCIAL STATEMENTS continued
for the year ended 31 March 2010
18 OPERATING PROFIT
Operating profit is stated after charging/(crediting):
Remuneration other than to employees for 4 19
– Managerial services 3 3
– Technical services 1 16
Auditors’ remuneration 8 8
– Fees for audit 7 7
– Other services 1 1
Depreciation (refer note 2) 119 102
Buildings and improvements to leasehold properties
Plant and machinery
6 5
– owned 72 68
– leased
Furniture, vehicles and equipment
8 1
– owned 33 28
Impairment of property, plant and equipment (refer note 2) – 3
Amortisation of intangible assets (refer note 3) 23 21
Rentals under operating leases 46 25
– Land and buildings 36 23
– Plant and machinery 8 –
– Furniture, equipment and vehicles 2 2
Research and development expenditure 10 2
Forward contract transactions not designated as hedges 17 66
Forward cover cost 14 102
Fair value loss on interest rate swaps – 2
Staff costs 701 692
– Wages and salaries 630 630
– Social security costs 2 2
– Equity-settled share-based payment expense 42 32
– Cash-settled share-based payment expense 1 2
– Provident costs – defined contribution plans 22 21
– Pension costs – defined benefit plans (refer note 32) 4 5
Staff costs have been charged to: 701 692
– Administrative expenses 281 330
– Selling and distribution expenses 293 257
– Cost of sales 127 105
Changes in inventories of finished goods and work-in-progress (125) 82
Raw materials and consumables used 6 930 8 395
Movement in provision for impairment of trade receivables (62) 79
Movement in the provision on inventories (12) 16
Inventory written-down during the year 370 137
2010
Rm
2009
Rm