Travelex Holdings Limited Annual report & consolidated financial ...

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Travelex Holdings Limited
Notes to the financial statements continued
for the year ended 31 December 2001
5 Profit/(loss) on ordinary activities before taxation
2001 2000
£’000 £’000
Profit/(loss) before taxation is stated after charging/(crediting):
Staff costs (note 6)
Depreciation of tangible fixed assets
110,674 16,073
– owned assets 10,852 1,633
– under finance leases
Amortisation of goodwill
3,293 324
– subsidiaries 18,460 1,948
Loss on disposal of fixed assets 12 71
Hire of machinery and equipment 1,342 106
Other operating lease rentals
Auditors’ remuneration
48,029 601
– Audit 1,152 161
– Non-audit 328 186
6 Employees and directors
The average monthly number of persons employed during the year, calculated on a full-time equivalent basis, by the Group
were as follows:
2001 2000
Analysed by geographical location Number Number
United Kingdom 3,025 947
Continental Europe 341 257
North America 884 366
Asia Pacific 1,028 290
Other regions 26 –
5,304 1,860
2001 2000
Staff costs for the group during the year £’000 £’000
Wages and salaries 98,205 14,321
Social security costs 8,668 1,452
Other pension costs (note 27) 3,801 300
110,674 16,073