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Notes to the accounts

continued


4 Net finance costs (continued)

2010 2009 Restated
£m £m

Total finance costs in respect of borrowings 48.3 46.4
Total finance income in respect of investments (3.8) (11.2)

Net finance costs in respect of borrowings and investments 44.5 35.2
Fair value measurements and other (1.6) 3.3
Net finance costs arising on defined benefit retirement schemes 24.6 5.4
Net finance costs/(income) arising on other employee benefit schemes 15.6 (0.2)

Net finance costs 83.1 43.7

Net finance costs for the prior year have been restated in respect of the financing element of other employee benefit schemes (long service leave) as explained in note 1.


5 Profit on ordinary activities before taxation

2010 2009 Restated
£m £m

Profit on ordinary activities before taxation is stated after charging/(crediting) the following:
Staff costs (note 9) 1,269.0 1,209.0
Depreciation – owned assets 189.3 180.5
Depreciation – assets held under finance leases 0.6 0.6
Amortisation of intangible assets 24.4 21.0
Profit on sale of property (0.2) (4.6)
Loss on sale of other tangible and intangible fixed assets 2.3 5.2
Inventory – cost of inventory recognised as an expense 4,460.4 4,195.4
Restructuring costs 17.0 4.1
Operating lease rentals:
– land and buildings 97.1 85.2
– plant and machinery 0.5 0.5
Sub lease income:
– land and buildings (4.6) (4.5)
Fees payable to the group’s auditors for audit services
pursuant to legislation:
– parent company and group audit 0.3 0.3
– subsidiary audits 0.4 0.4
Fees payable to the group’s auditors and its associates
for other services:
– taxation services – 0.1
– other non-audit services 0.3 0.4

Staff costs for the prior year have been restated in respect of the financing element of other employee benefit schemes (long service leave) as explained in note 1.

In addition to the above, the group’s auditors also acted as auditors to the group’s pension schemes. The aggregate fee for audit services to the pension schemes during the year was £47,600 (2009: £48,600).

Contingency rents expensed during the year were £7.9m (2009: £8.0m). Contingency rents are determined based on store revenues.