Strategic Report
Te following analysis is included to show what the Directors consider to be the underlying performance of the Group and eliminates the impact of significant non-recurring items and certain charges required by IFRS.
52 week period ended 28 June 2014
performance £000
Continuing operations Revenue
Cost of sales Gross profit
Depreciation & amortisation
Profit before tax Taxation
Profit after tax Operating
recurring significant
Non-
items charge scheme £000
options £000
Share
Defined rate swaps/ Unwinding Consolidated benefit pension
exchange £000 foreign
contracts consideration £000
of discount Statement of on deferred Comprehensive Income £000
£000
175,708 ----- 175,708 (127,530) ----- (127,530) 48,178 ----- 48,178
Other costs excluding depreciation & amortisation (37,471) EBITDA
10,707
Results from operating activities 7,708 Finance income Finance costs
-
(1,238) 6,470
(1,519) 4,951
(759) (759)
(9) (9)
(9) - -
71 71
71 862
(759) 171
(588)
(9) 2
(7)
(994) (61) (73)
81 81
81
708 -
- -
- 789 (134)
(195) 594
150 146
(4)
(38,087) 10,091
(2,999) ----- (2,999) (759) - -
7,092 1,720
(2,236) 6,576
(37) 109
Te taxation on IFRS charges includes an element of rate change on opening balances from 23% to 20%. 52 week period ended 29 June 2013 (restated)
performance £000
Continuing operations Revenue
Cost of sales Gross profit
Depreciation & amortisation
Profit before tax Taxation
Profit after tax
Discontinued operations Profit after tax – discontinued Profit after tax
Operating
recurring significant
Non-
items charge scheme £000
options £000
Share
Restated* defined benefit pension
£000
rate swaps/ Unwinding Consolidated foreign
exchange
contracts consideration £000
of discount Statement of on deferred Comprehensive Income £000
£000
176,595 ----- 176,595 (130,150) ----- (130,150) 46,445 ----- 46,445
Other costs excluding depreciation & amortisation (36,511) EBITDA
9,934
Results from operating activities 7,439 Finance income Finance costs
1
(1,980) 5,460
(1,110) 4,350
1,850 6,200
(718) (718)
(134) (134)
(134) - -
915 915
915 826
(718) 165
(553)
(134) 31
(103)
(966) 775
(209) 566
(179) (179)
(179) 855 -
676
(174) 502
- -
- 48
(32) 16
(3) 13
(36,627) 9,818
(2,495) ----- (2,495) (718) - -
7,323 1,730
(2,978) 6,075
(1,300) 4,775
1,184---- 3,034 631
(103) 566 502 13 Te taxation on IFRS charges includes an element of rate change on opening balances from 24% to 23%.
* Te International Accounting Standards Board (IASB) has made a number of changes to IAS 19 Employee Benefits that came into force for accounting periods beginning on or after 1 January 2013. As this is the first year of accounting under this revised standard, the Company is also required to restate the accounts for the year ended 29 June 2013. Details are given in the accounting policies note.
14 7,809
Fair value of interest
As per
(1,651) 4,925
Fair value of interest
As per
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