Consolidated Income Statement
For the year ended 31 May 2009
| |
Notes |
2009
£’000 |
2008
£’000 |
| Revenue |
|
70,655 |
79,174 |
| Cost of sales |
|
(50,881) |
(57,849) |
| Gross profit |
|
19,774 |
21,325 |
| Operating expenses |
3
|
(19,578) |
(17,147) |
| Profit from operations |
6
|
|
|
| Excluding exceptional reorganisation costs, goodwill reduction and |
|
|
|
| share-based payments |
|
1,553 |
3,514 |
| Exceptional reorganisation costs |
4
|
(1,350) |
– |
| Goodwill reduction in respect of tax losses |
3
|
– |
(141) |
| Share-based payments (charge)/credit |
24
|
(7) |
805 |
| Total profit from operations |
|
196 |
4,178 |
| Finance income |
9
|
552 |
459 |
| Finance costs |
10
|
(287) |
(243) |
| Share of results of joint venture |
|
10 |
– |
| Profit before tax |
|
|
|
| Excluding exceptional reorganisation costs, goodwill reduction and |
|
|
|
| share-based payments |
|
1,828 |
3,730 |
| Exceptional reorganisation costs |
4
|
(1,350) |
– |
| Goodwill reduction in respect of tax losses |
3
|
– |
(141) |
| Share-based payments (charge)/credit |
24
|
(7) |
805 |
| Total profit before tax |
|
471 |
4,394 |
| Income tax expense |
11
|
(212) |
(1,037) |
| Profit for the period attributable to equity holders of the parent |
|
259 |
3,357 |
| Basic and diluted earnings per Ordinary share |
13
|
1.7p |
21.6p |