TANFIELD GROUP PLC
Page 20
CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2008
2008
2007
Note
£000's
£000's
Continuing operations
Revenue
2
145,734
123,288
Changes in inventories of finished goods and WIP
4,808
8,702
Raw materials and consumables used
(102,724)
(87,980)
Staff costs
4
(32,197)
(23,667)
Depreciation and amortisation expense
5
(3,195)
(2,724)
Other operating income
500
2,769
Other operating expenses
(11,221)
(7,560)
Restructuring costs
6
(372)
(1,270)
Profit from operations
1,333
11,558
Impairment of Goodwill
31
(31,895)
-
Impairment of Intangible assets
31
(12,605)
-
Impairment of Property, plant & equipment
11
(83)
-
Impairment of Inventories
31
(22,185)
-
Impairment of Receivables
31
(22,894)
-
(Loss) / profit from continuing operations
(88,329)
11,558
Finance income
7
457
1,210
Finance costs
7
(913)
(331)
(Loss) / profit before taxation
(88,785)
12,437
Income tax expense
8
239
(560)
(Loss) / profit for the year from continuing operations
(88,546)
11,877
Discontinued operations
Loss for year from discontinued operations
9
-
(1,484)
(Loss) / Profit for the year
(88,546)
10,393
Earnings per share
10
From continuing operations
Basic
(23.91)p
3.59p
Diluted
(23.91)p
3.41p
From continuing and discontinued operations
Basic
(23.91)p
3.14p
Diluted
(23.91)p
2.99p
