Minerva Equity Limited - 31 March 2019 Final 19.08.2019 - Flipbook - Page 40
Minerva Equity Limited (formerly DMWSL 881 Limited)
Notes to the financial statements
for the period ended 31 March 2019 (continued)
7 Operating profit
Period ended
31 March 2019
£m
Operating profit is stated after (charging)/crediting:
Wages and salaries
(188.2)
Social security costs
(15.4)
Other pension costs
(5.5)
Staff costs
(209.1)
Depreciation – owned assets (see note 13)
(3.7)
Depreciation – lease assets (see note 13)
(0.5)
Amortisation (see note 12)
(27.8)
Hire of plant and machinery
(17.1)
Operating lease rentals – plant and machinery
(12.3)
Operating lease rentals – other
(2.9)
Exceptional items (see note 8)
(1.5)
Profit on sale of tangible assets
Fees payable to the Company’s auditors for the audit of
the parent company and consolidated financial statements
0.3
(0.1)
Fees payable to the Company’s auditors and their
associates for other services:
- The audit of the Company’s subsidiaries pursuant to
legislation
(0.3)
- Other advisory services (principally due diligence)
(2.0)
- Tax compliance and tax advisory services
(0.2)
Total amount payable to the Company’s auditors and their
associates
(2.6)
8 Exceptional items
Exceptional costs include transaction costs associated with the acquisitions during the period of £0.6
million, £0.9 million bad debt charge relating to the insolvency of Energy Supplier clients in the
period.
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