 |
 |
 |
|
2009 |
2008 |
|
|
|
£'000 |
£'000 |
|
Revenue |
9,212 |
11,337 |
|
Cost of sales |
(7,686) |
(11,920) |
|
Gross profit/(loss) |
1,526 |
(583) |
|
Distribution costs |
(119) |
(638) |
|
Administrative expenses |
(536) |
(5,705) |
|
Other operating income |
- |
45 |
|
Operating profit/(loss) from discontinued operations |
871 |
(6,881) |
|
Operating profit/(loss) is analysed as: |
|
|
|
Before exceptional items |
871 |
(2,023) |
|
Exceptional operating items |
- |
(4,858) |
|
Taxation |
(305) |
- |
|
Loss on disposal |
- |
(1,456) |
|
Profit/(loss) for the year from discontinued operations |
566 |
(8,337) |
In 2009, the results from discontinued operations relate to the US engineered fabrications operation which was being actively marketed for sale.
In 2008 discontinued operations also included the UK mixing operation which was disposed of in November 2008 and the UK aerosol business which was sold during 2008.
At the end of 2009, assets held for sale and associated liabilities relate to the US engineered fabrications business.
NEXT: NOTE 7. DIVIDENDS