Notes to the Financial Statements

Profit for the financial year

38,645

41,521

Tax on profit on ordinary activities

10

5,974

6,334

Net interest income

7

(390)

(467)

Operating Profit

44,229

47,388

Amortisation of capital grants

20

(582)

(542)

Depreciation of tangible assets

11

10,238

9,524

Amortisation of intangible assets

12

80

75

Revaluation of investment property

11

-

(600)

Profit on disposal of assets

(5)

(18)

(Increase)/Decrease in inventories

(38)

35

Decrease/(Increase) in debtors

78

(3,447)

Increase in creditors

815

1,305