Description Page - Doosan Power Systems
Description Page - Doosan Power Systems
Description Page - Doosan Power Systems
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DOOSAN BABCOCK ENERGY<br />
Annual Report and Financial Statements 2007<br />
Notes to the financial statements continued<br />
3. Operating profit<br />
(a) Movement between turnover and operating profit<br />
28<br />
Proforma<br />
12 months 9 months 12 months<br />
ended ended ended<br />
December December March<br />
2007 2007 2007<br />
Notes £000 £000 £000<br />
Turnover 471,604 349,884 410,451<br />
Cost of sales (426,706) (321,697) (380,019)<br />
Gross profit 44,898 28,187 30,432<br />
Net operating expenses:<br />
Exceptional costs - manufacturing * (3,047) (3,047) –<br />
Exceptional credit/(costs) - other 14 1,638 1,715 (310)<br />
Defined benefit pension scheme service cost 4 (6,507) (4,687) (6,542)<br />
Research & development (3,638) (2,638) (2,596)<br />
Other administrative expenses (15,162) (11,819) (12,831)<br />
Total administrative expenses (26,716) (20,476) (22,279)<br />
Loss on disposal of tangible fixed assets (6) (19) (29)<br />
Profit on disposal of intangible fixed assets 3 3 –<br />
Share of operating loss in associates (235) (178) (168)<br />
Operating profit 17,944 7,517 7,956<br />
All turnover and profit arose from continuing operations.<br />
*The exceptional costs – manufacturing relates to the impairment of the Group’s manufacturing operations. The charge comprises:<br />
Fixed asset write down 559<br />
Onerous lease provision (see note 14) 2,488<br />
£000<br />
3,047
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