Pace plc Annual Report and Accounts 2012 - Financial Statements

Financial StatementsNotesContinued4 Expenses and auditors’ remuneration2012 2011$m $mFees payable to the Company’s auditors for the audit of:Company’s annual Financial Statements 0.4 0.6Fees payable to the Company’s auditors and its associates for other servicesto the Group:Audit of Financial Statements of subsidiaries of the Company 0.2 0.2Other services relating to taxation 0.1 0.2Services relating to corporate finance — —Other services pursuant to interim reporting legislation 0.1 0.1Other services — 0.2Depreciation of plant, property and equipmentOwned 21.0 29.0Other operating lease rentalsLand and buildings 8.1 9.7Loss on disposal of plant, property and equipment — 1.6Net foreign exchange losses recognised within operating profit 1.9 0.7Research and development expenditure recognised as an expense 155.4 160.65 Exceptional items2012 2011$m $mRestructuring and reorganisation costs 7.6 11.1Directors’ loss of office 1.4 1.6Aborted acquisition costs 3.5 —12.5 12.7Restructuring and reorganisation costs in 2012 and 2011 relate to different restructuring programmes within the Group and representthe costs of redundancy and associated professional fees. Aborted acquisition costs relate to professional services fees in respectof the aborted acquisition of the Motorola Home business.6 Finance income/(costs)2012 2011$m $mFinance income – interest on bank deposits 0.5 0.2Finance costsBank borrowings (10.7) (16.7)Other finance costs (3.5) (1.8)(14.2) (18.5)50Annual Report and Accounts 2012 Pace plc