|
| |
NOTES
TO THE FINANCIAL STATEMENTS |
|
03
Operating
profit
cont... |
| |
|
2005 |
|
|
2004 |
|
| |
|
£’000 |
|
|
£’000 |
|
| |
|
|
|
|
|
|
| Operating profit is stated after
charging: |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Research and development |
|
18,283 |
|
|
12,690 |
|
| Current service costs in respect
of defined benefit scheme |
|
676 |
|
|
226 |
|
| Loss on disposal of fixed assets |
|
350 |
|
|
1 |
|
| |
|
|
|
|
|
|
| Depreciation and amortisation: |
|
|
|
|
|
|
| – Goodwill |
|
25,221 |
|
|
11,310 |
|
| – Tangible fixed assets,
owned |
|
3,287 |
|
|
1,589 |
|
| – Tangible fixed assets,
held under finance leases |
|
330 |
|
|
405 |
|
| |
|
|
|
|
|
|
| Operating lease rentals: |
|
|
|
|
|
|
| – Premises |
|
3,085 |
|
|
1,638 |
|
| – Vehicles and equipment |
|
2,974 |
|
|
1,423 |
|
| |
|
|
|
|
|
|
| During the period, the following services were
provided by the Group’s auditor: |
|
|
|
|
|
|
| |
|
2005 |
|
|
2004 |
|
| |
|
£’000 |
|
|
£’000 |
|
| |
|
|
|
|
|
|
| Audit services – Group and
statutory audits |
|
303 |
|
|
331 |
|
| Further assurance services |
|
32 |
|
|
24 |
|
| Tax services – compliance
services |
|
– |
|
|
3 |
|
| |
|
335 |
|
|
358 |
|
Included in the analysis above are fees and expenses of £25,000
(2004: £25,000) in respect of the parent company. In order to
ensure that the independence of the Group's auditors is not compromised,
the level of non-audit work performed by them is kept to a minimum.
All individual pieces of non-audit work above £5,000 must receive
prior authorisation from the Audit Committee. |
|
| |
|
|
04
Net interest payable and similar charges
|
| |
|
2005 |
|
|
2004 |
|
| |
|
£’000
|
|
|
£’000 |
|
| Interest receivable comprises: |
|
|
|
|
|
|
| Bank interest |
|
1,254 |
|
|
785 |
|
| |
|
|
|
|
|
|
| Interest payable
comprises: |
|
|
|
|
|
|
| Bank loans and overdrafts |
|
(4,222) |
|
|
(3,199) |
|
| Amortisation of loan arrangement
fees |
|
(161) |
|
|
(143) |
|
| Finance leases |
|
(7) |
|
|
(57) |
|
| |
|
(4,390) |
|
|
(3,399) |
|
| |
|
|
|
|
|
|
| Net interest payable and
similar charges |
|
(3,136) |
|
|
(2,614) |
|
|
|
|
05
Employee information |
Staff costs (including executive directors) during
the period were as follows:
| |
|
2005 |
|
|
2004 |
|
| |
|
£’000
|
|
|
£’000 |
|
| |
|
|
|
|
|
|
| Wages and salaries
|
|
78,642 |
|
|
41,840 |
|
| Social security
costs |
|
9,744 |
|
|
4,706 |
|
| Other pension costs |
|
2,923 |
|
|
1,792 |
|
| |
|
|
|
|
|
|
| Exceptional redundancy costs (see
note 2) |
|
(1,284) |
|
|
5,864 |
|
| |
|
|
|
|
|
|
| Total staff costs |
|
90,025 |
|
|
54,202 |
|
The average monthly number of employees, including executive directors,
employed by the Group during the period was:
|
|
2005 |
|
|
2004 |
|
| |
|
Number |
|
|
Number |
|
| |
|
|
|
|
|
|
| Development |
|
1,019 |
|
|
491 |
|
| Sales and marketing
|
|
157 |
|
|
91 |
|
| Installation and project management
|
|
935 |
|
|
479 |
|
| Customer services |
|
255 |
|
|
137 |
|
| Administration |
|
180 |
|
|
140 |
|
| |
|
2,546 |
|
|
1,338 |
|
|
|
06
Directors' remuneration |
Total remuneration in respect of directors
was as follows:
|
|
2005 |
|
|
2004 |
|
| |
|
£’000 |
|
|
£’000 |
|
| |
|
|
|
|
|
|
| Salary and fees
|
|
1,964 |
|
|
1,613 |
|
| Benefits |
|
8 |
|
|
4 |
|
| Bonus (payable in cash) |
|
1,123 |
|
|
837 |
|
| Aggregate emoluments |
|
3,095 |
|
|
2,454 |
|
| Pension contribution payments |
|
308 |
|
|
271 |
|
| |
|
|
|
|
|
|
| |
|
3,403 |
|
|
2,725 |
|
In addition to the amounts, above £1,495,000 (2004: nil) was paid
to former directors by way of severance and compensation for loss
of office as detailed in the Remuneration
Report and gains of £139,000 were made on exercise of share
options (2004: nil) by one of the former directors as detailed
in the Remuneration Report.
A total of five directors received pension contributions to fund personal pension arrangements (2004: six).
Further details of directors' remuneration are included in the
audited section of the Remuneration
Report. |
|
|
|
