54
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