2002 Report And Accounts - Guinness Peat Group plc

Notes to the Financial Statements4 Profit/(loss) on ordinary activities before taxationProfit/(loss) on ordinary activities before taxation is stated after charging/(crediting):2002 2001£000 £000Depreciation :intangible assets (note 11) 229 378tangible assets (note 12) 523 934Research and development expenditure – normal 307 375– exceptional writedown (note 3) 587 –Operating lease rentals:hire of plant and machinery 311 598other 1,432 1,873(Profit)/loss on disposal/write down of properties held for resale (note 17) (25) 215Pension prepayment movement (note 16) 213 (521)Auditor’s remuneration 78 82Non-audit fees paid to auditors 153 187–––––––––– ––––––––––Included in auditor’s remuneration of £78,000 (2001: £82,000) is an amountof £30,000 (2001: £30,000) payable to the auditors of Brunel Holdings plc.Interest charged on bank loans and overdrafts repayable within five years 419 1,152Banking facility arrangement fee – 1,000Interest payable on finance leases 35 45Interest on unsecured loan notes 2001 61 122Repayment premium on unsecured loan notes 2001 80 190–––––––––– ––––––––––595 2,509–––––––––– ––––––––––Interest receivable and similar income – Group (1) (16)– Share of joint venture (13) ––––––––––– ––––––––––(14) (16)–––––––––– ––––––––––5 Employees2002 2001No.No.Actual number of employees as at 30th June:Continuing operations 342 402–––––––––– ––––––––––Average number of employees during the year:Continuing operations: manufacturing 212 214Continuing operations: administration 121 127–––––––––– ––––––––––333 341Discontinued operations 34 315–––––––––– ––––––––––367 656–––––––––– ––––––––––Staff costs during the year amounted to: £000 £000Wages and salaries 10,066 17,720Social security costs 864 1,556Other pension costs - overseas operations 16 32–––––––––– ––––––––––10,946 19,308–––––––––– ––––––––––The above costs do not include the pension prepayment charge of £213,000 (2001: credit of £521,000), see notes 16 and 26 forfurther details.30