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Notes to the Accounts continued<br />
4 FINANCE INCOME<br />
5 FINANCE EXPENSE<br />
6 PROFIT BEFORE TAXATION<br />
Profit before taxation comprises:<br />
53 weeks to<br />
2 April<br />
<strong>2016</strong><br />
£000<br />
Included within administrative expenses are the amortisation of acquired intangible assets, transaction costs and adjustments to<br />
contingent consideration. The release of fair value adjustments to inventory is included in direct materials/direct labour.<br />
52 weeks to<br />
28 March<br />
2015<br />
£000<br />
Interest receivable 217 134<br />
Fair value movement on derivative financial instruments – 33<br />
53 weeks to<br />
2 April<br />
<strong>2016</strong><br />
£000<br />
217 167<br />
52 weeks to<br />
28 March<br />
2015<br />
£000<br />
Interest payable on borrowings 4,104 3,090<br />
Amortisation of finance costs 561 530<br />
Net interest charge on pension plan liabilities 2,013 1,419<br />
Other interest payable 45 28<br />
6,723 5,067<br />
Fair value movement on derivative financial instruments 508 –<br />
Unwinding of discount on provisions 38 46<br />
53 weeks to<br />
2 April<br />
<strong>2016</strong><br />
£000<br />
7,269 5,113<br />
52 weeks to<br />
28 March<br />
2015<br />
£000<br />
Revenue 807,805 726,134<br />
Direct materials/direct labour (290,650) (257,231)<br />
Production overhead (95,218) (85,641)<br />
Selling costs (107,854) (98,788)<br />
Distribution costs (17,059) (15,868)<br />
Administrative expenses (154,081) (131,543)<br />
Operating profit 142,943 137,063<br />
Share of results of associate (159) 64<br />
Profit on disposal of operations 556 1,430<br />
Net finance expense (7,052) (4,946)<br />
Profit before taxation 136,288 133,611<br />
124 122<br />
<strong>Halma</strong> plc Annual Report and Accounts <strong>2016</strong>
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