Financial statements < Notes to the financial statements Note 3 < BACK   NEXT >
 
 

3  Profit on ordinary activities before taxation

   

2000
£m

  

1999
£m

  

After crediting

       

Risk and revenue
sharing partnerships 
– receipts (credited to other operating income) 1

 

341

 

232

 

– payments (charged to cost of sales)

  

(129)

(99)

Net impact of risk and revenue sharing partnerships

 

212

 

133

 

Operating lease rentals receivable

 

14

 

15

 
         

After charging

       

Exceptional items 
– industrial Trent provision 2

 

120

 

—

 

– restructuring costs in respect of acquired businesses

 

16

 

6

 

– rationalisation costs to simplify business structures

 

9

 

—

 

– closure/termination of materials handling

 

73

 

—

 
   

218

 

6

 

Amortisation of goodwill

 

46

 

5

 

Depreciation of owned tangible fixed assets 3

 

172

 

98

 

Depreciation of tangible fixed assets held under finance leases 3

 

6

 

7

 

Operating lease rentals payable 
– hire of plant and equipment

 

39

 

27

 

– hire of other assets

 

8

 

7

 

Auditors' fees were as follows during the year:

Audit 2000 – Group £2.9m(1999 £2.0m) including Company £0.6m(1999 £0.6m)

Other 2000 – United Kingdom  £1.1m(1999 £0.7m)
– Rest of World £0.9m(1999 £0.7m)

       

1Previously these receipts were credited either to turnover or to research and development depending on the terms of the arrangement. In order to simplify the accounting presentation, all such receipts are credited to other operating income. The 1999 comparitives have been amended by: turnover £110m and net research and development £122m to reflect this change in presentation.

2Provision in respect of the industrial Trent covering both contractual obligations and write-down of assets.

3Including appropriate amounts charged to stocks.