ANNUAL REPORT 2011 AVESCO GROUP PLC
www.avesco.com
45
6. Trading earnings before interest, taxation, depreciation and amortisation (‘EBITDA’) 2011
Trading profit Depreciation
Amortisation of software Trading EBITDA
Trading EBITDA is defined in note 2.3 (c).
7. Expenses by nature Operating loss is stated after charging/(crediting):
Group 2011
Changes in inventories of finished goods and work in progress Employee benefit expense Depreciation Amortisation
Transportation expenses Advertising costs
Operating lease payments - plant and machinery - other
Restructuring costs
Profit on disposal of property, plant and equipment Exchange loss
£000s 344
34,607 17,690 245
3,959 450
1,088 2,883 669
(1,802) 23
2010
£000s 244
31,987 18,070 547
3,810 340
1,054 2,985 1,316 (715) 404
2011
£000s -
- - - - -
- - - - -
Company 2010
£000s -
- - - - -
- - - - -
Profit on disposal of property, plant and equipment for the year ended 30 September 2011 contains £1,118,000 which relates to the disposal of radio microphones (2010: £nil).
Restructuring costs/(credits) incurred during the year relate to the following: Group 2011 Redundancy costs
Property lease provisions Other restructuring*
*Other restructuring relates to office closure costs.
8. Employee information a) Employee benefit expense
2011 Group
Wages and salaries Social security costs
Pension costs - contribution plans (note 9) LTIP and share option expense
Social security costs on LTIP and share option expense
£000s 30,243
2,963 795 413 193
34,607 2010
£000s 28,370
2,759 666 170 22
31,987
£000s 632
(65) 102
669 2010
£000s 677
427 212
1,316 2011
£000s -
- -
- Company 2010
£000s -
- -
-
£000s 2,327
17,690 245
20,262 2010
£000s 1,279
18,070 303
19,652
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