Savills plc 2012 Annual Report - (PDF) - Investor relations

6(a). Operating profitOperating profit is stated after charging/(crediting):Group2012£mAmortisation and impairment of goodwill and intangible assets include:– Amortisation (Note 14) 3.7 3.7– Impairment of goodwill (Note 14) – 5.43.7 9.1Other operating expenses include:– Net foreign exchange losses 0.1 0.2– Provision for receivables impairment 3.6 3.2– Restructuring costs* 4.0 1.9– Loss on sale of property, plant and equipment 0.1 0.3– Operating lease rentals – Hire of equipment and vehicles 2.2 2.3– Property 25.1 23.8– Impairment of available-for-sale investment and investment in associate (Note 16(a) & (b)) 1.2 2.0Other income – dividend and investment income (0.5) (0.5)2011£mOur business Our governance Our resultsProfit on disposals is made up as follows:Profit on disposals – Available-for-sale investments 1.7 1.7– Joint venture – 0.1– Subsidiaries – 0.51.7 2.3* Restructuring costs include onerous lease and related property costs of £2.9m (2011: £0.9m), staff costs of £0.4m (2011: £0.9m) and legal and other costs of £0.7m(2011: £0.1m)6(b). Income Statement of the CompanyAs permitted by Section 408 of the Companies Act 2006, the income statement and statement of comprehensive income of theCompany are not presented as part of these accounts. The Company has produced its own income statement and statement ofcomprehensive income for approval by its board. The Company receives dividends from subsidiaries and charges subsidiaries forthe provision of Group related services. The loss after income tax of the Company for the year was £0.7m (2011: £46.5m profit).6(c). Fees payable to the Company’s auditor, PricewaterhouseCoopers LLP, and its associatesGroup2012£mAudit servicesFees payable to Company’s auditors for the audit of parent Company 0.1 0.1Fees payable to Company’s auditors for the audit of the Company’s subsidiaries 0.8 0.90.9 1.0Other servicesAudit related assurance services 0.1 0.1Tax advisory services 0.2 0.1Tax compliance services 0.3 0.2Advisory services 0.1 0.11.6 1.52011£mSavills plc Report and Accounts 2012 79