Notes to the consolidated financial statements

Continuing operations

Analysis by nature:

(XLS:) Download Excel

 

 

Year to 31 March

 

Notes

2011
£m

2010
£m

External sales

 

2 720

2 533

Staff costs

9

247

213

Inventories:

 

 

 

– cost of inventories recognised as an expense (included in cost of sales)

 

1 400

1 241

– fair value loss on derivatives held for trading (included in cost of sales)

 

8

5

Depreciation of property, plant and equipment:

 

 

 

– owned assets

16

90

97

– leased assets

16

1

2

Exceptional items

7

5

298

Amortisation of intangible assets:

 

 

 

– intangible assets arising on acquisition of businesses

15

13

14

– other intangible assets

15

5

6

Operating lease rentals:

 

 

 

– plant and machinery

 

23

24

Research and development expenditure

 

25

26

Impairment of trade receivables

23

1

3

Reversal of impairment of trade receivables

23

(1)

Impairment of property, plant and equipment

 

2

Loss on disposal of property, plant and equipment

 

1

Government grant income

 

(3)

Ineffectiveness on derivative financial instruments:

 

 

 

– ineffectiveness loss on derivatives designated as cash flow hedges

20

3

– ineffectiveness gain on derivatives designated as net investment hedges

20

(1)

Other operating expenses

 

596

650

Total

 

2 417

2 577

Operating profit/(loss) from continuing operations

 

303

(44)

Discontinued operations

Analysis by nature:

(XLS:) Download Excel

 

 

Year to 31 March

 

Notes

2011
£m

2010
£m

External sales

 

590

1 074

Staff costs

9

28

49

Inventories:

 

 

 

– cost of inventories recognised as an expense (included in cost of sales)

 

464

841

Depreciation of property, plant and equipment:

 

 

 

– owned assets

16

9

17

Government grant income, including Transitional Aid

 

(17)

Exceptional items

7

43

(22)

Impairment of property, plant and equipment

 

4

Other operating expenses

 

87

156

Total

 

635

1 024

Operating (loss)/profit from discontinued operations

12

(45)

50