Report & Accounts - JLT

Financial StatementsNotes to the Financial Statementsfor the year ended 31st December 2005644. Operating Profit2005 2004£’000 £’000The following items have been charged/(credited) in arriving at operating profit :Foreign exchange (gains)/losses:Fees and commissions (11,145) (21,229)Other operating costs (124) 1,310(11,269) (19,919)Impairment charges- goodwill 38 1,192- property, plant and equipment 421 -- software costs 2,046 -- trade and other receivables 246 -Amortisation of intangible assets:- software costs 1,732 1,647- other intangible assets 912 180Depreciation on property, plant and equipment of which:- owned assets 8,594 7,659- leased assets under finance leases 316 318Total Depreciation, amortisation and impairment charges 14,305 10,996Jardine Lloyd Thompson Group plc Annual Report & Accounts 2005Amortisation of intangible assets:- employment contract payments (included in salaries and associated expenses) 3,864 3,241(Profit)/loss on disposal of property, plant and equipment (61) 266Operating lease rentals:- minimum lease paymentsland & buildings 17,091 20,232furniture, equipment & motor vehicles 332 295computer equipment & software 4 61other 15 5- sublease paymentsland & buildings (3,023) (3,680)Available-for-sale financial assets:- fair value losses transferred from equity 1 -- profit on sale (134) -(133) -Exceptional items:Reorganisation and redundancy costs of which:- included in salaries and associated expenses 3,453 5,888- included in premises costs 249 33- included in other operating costs 438 664,140 5,987Acquisition integration costs of which:- included in salaries and associated expenses 156 1,735- included in premises costs 226 257- included in other operating costs 52 1,308434 3,300Vacant property provisions (included in premises costs) 789 (146)Curtailment gain re US defined benefit pension scheme (included in salaries and associated expenses) (2,069) -Sale of CSEA business - JLT Services Inc. (included in other operating costs) (2,541) -Sale of Cayman Islands business (included in other operating costs) (501) -Acquisition costs relating to Latin America (included in other operating costs) - 919Branch disposal JLT Re Solutions (included in other operating costs) - (445)Sale of Intermediary Insurance Services Inc (included in other operating costs) - 483Total exceptional items 252 10,098