Notes to the Group Financial Statements (continued)
for the year ended 31st December 2012
4. Segment analysis of revenue and operating profit (continued)
Year ended 31st December 2011
Estate
Agency and Surveying
Related and Valuation
Services Services unallocated total
£’000 £’000 £’000 £’000
income statement information
Segmental revenue 141,811 76,570 – 218,381
Segmental result:
– before exceptional costs, contingent consideration, amortisation and share-based payments 10,280 23,722 (2,885) 31,117
– after exceptional costs, contingent consideration, amortisation and share-based payments 6,049 16,753 (3,158) 19,644
Finance income 4
Finance costs (1,874)
Exceptional finance costs (182)
Profit before tax 17,592
Taxation (4,357)
Profit for the year 13,235
Estate
Agency and Surveying
Related and Valuation
Services Services unallocated total
£’000 £’000 £’000 £’000
Balance sheet information
Segment assets – intangible 125,327 12,167 – 137,494
Segment assets – other 36,212 9,891 2,619 48,722
Total Segment assets 161,539 22,058 2,619 186,216
Total Segment liabilities (45,556) (21,632) (46,645) (113,833)
net assets/(liabilities) 115,983 426 (44,026) 72,383
other segment items
Capital expenditure 2,869 374 – 3,243
Depreciation (2,340) (203) (38) (2,581)
Amortisation of intangible assets (1,837) (6,635) – (8,472)
Share of results of joint venture 679 – – 679
PI claim provision – (2,771) – (2,771)
Onerous leases provision 500 – – 500
Share based payment (333) (181) (273) (787)
Impairment of brand – (153) – (153)
Impairment of trade receivables (699) 33 – (666)
Unallocated net liabilities comprise certain property, plant and equipment (£69,000), financial assets (£347,000), investments in joint ventures
(£1,768,000), cash and bank balances (£435,000), other taxes and liabilities (£393,000), other creditors (£93,000), accruals (£1,832,000) financial
liabilities (£34,918,000), deferred and current tax liabilities (£8,144,000), interest rate swap (£1,265,000).
5. Finance income
2012 2011
£’000 £’000
Interest receivable on funds invested 10 4
6. Finance costs
2012 2011
£’000 £’000
Interest on revolving credit facility 1,826 1,422
Interest on loan notes 299 82
Unwinding of discount on PI provision 508 266
Unwinding of discount on contingent consideration (see note 21) 258 104
2,891 1,874
74 ANNUAL REPORT AND ACCOUNTS 2012