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McPHERSON’S LIMITED

 ANNUAL REPORT 2015

NOTE 3.   REVENUE 

2015

$’000

2014

1

$’000

Revenue from operating activities:

Sales revenue

349,069

352,697

Other revenue:

Interest

214

27

Total revenue 

349,283

352,724

1. See Note 1(A) for details regarding the restatement as a result of an error

NOTE 4.   OTHER INCOME

Commissions

205

309

Contingent consideration adjustment

2,036

-

Other income

326

337

Total other income

2,567

646

NOTE 5.   OPERATING PROFIT / (LOSS)

(A) EXPENSES 

Materials and consumables used

208,485

205,685

Employee costs

49,253

48,732

Advertising and promotional

20,560

17,853

Cartage and freight

17,571

20,438

Third party warehousing 

6,904

8,128

Rental expenses relating to operating leases

6,583

7,037

Depreciation

2,256

2,502

Amortisation of other intangibles

403

393

Restructure costs

4,123

1,450

Other expenses

16,564

17,102

Impairment of intangible assets

637

80,000

Total expenses

333,339

409,320

NOTES TO AND FORMING PART OF THE  

CONSOLIDATED FINANCIAL STATEMENTS CONTINUED