Savills plc - Investor relations

NOTES TO THE ACCOUNTSyear ended 31 December 20032(b) Geographical analysis of turnover, Group operating profit, profit before interest & tax (PBIT) & net assetsGroupGroupTotal Group operating Total Group operatingturnover profit PBIT turnover profit PBITYear to Year to Year to Net Assets Year to Year to Year to Net assets31 December 31 December 31 December 31 December 31 December 31 December 31 December 31 December2003 2003 2003 2003 2002 2002 2002 2002£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000United Kingdom 206,715 31,228 30,044 76,762 184,145 22,798 14,570 68,088Rest of Europe 12,198 2,122 2,068 523 12,090 3,581 3,577 1,701Asia 82,779 3,139 3,369 20,398 86,099 2,829 2,647 19,350301,692 36,489 35,481 97,683 282,334 29,208 20,794 89,139The profit before interest and tax for the year ended 31 December 2003 for Asia is shown after charging goodwill amortisation of £1,544,000 (2002 - £1,338,000). The profit before interest and tax for the yearended 31 December 2003 for Europe is shown after charging goodwill amortisation of £278,000 (2002 - £205,000). The profit before interest and tax for the year ended 31 December 2003 for UK is shown aftercharging goodwill amortisation of £661,000 (2002 - £584,000).Turnover by destination is not materially different from turnover by origin.Year toYear to31 December 2003 31 December 20023. Group operating profit £'000 £'000Total Group turnover 301,692 282,334Staff costs (see Note 6) (163,908) (161,929)Depreciation & other amounts written off tangible fixed assets (4,923) (5,388)Impairment of tangible fixed assets - (1,173)Amortisation of goodwill (2,303) (1,882)Cost of sales - sale of trading properties (24,273) (12,783)Other operating charges (69,796) (69,971)Group operating profit 36,489 29,208Included in Group operating profit are amounts relating to acquisitions being Group turnover of £850,000 (2002 - £865,000), staff costs of £301,000 (2002 - £122,000), depreciation of £17,000 (2002 - £nil) andother operating charges of £165,000 (2002 - £452,000).Year toYear to31 December 2003 31 December 2002Operating profit is stated after charging/(crediting): £'000 £'000Loss on sale of fixed assets 121 127Audit fees - PricewaterhouseCoopers 306 283- Other firms 33 33Non-audit fees - PricewaterhouseCoopers 222 187- Other firms 43 26Operating lease rentals - Hire of plant & machinery 337 443- Property 9,101 8,860Rental income (677) (658)Year toYear to31 December 2003 31 December 2002Analysis of PricewaterhouseCoopers’ non-audit fees: £'000 £'000Audit-related regulatory reporting 44 46Further assurance services 28 14Tax compliance 84 82Tax advisory 66 45222 187Auditors' remuneration for the audit of the Company amounts to £53,000 (2002 - £48,000).50