Annual Report 2014

Group Profit & Loss Account

for the period ended 27 December 2014

Notes 2014
€'000
2013
€'000
Turnover 2 2,339,784 2,124,088
Cost of sales (2,021,238) (1,835,082)
Gross surplus 318,546 289,006
Selling and distribution expenses (221,578) (211,848)
Administration expenses (59,166) (45,841)
Goodwill amortisation (7,549) (5,481)
Operating surplus 30,253 25,836
Exceptional items 5 703 473
Surplus on ordinary activities before financing 30,956 26,309
Interest payable (net) 6 (3,116) (3,050)
Other finance income/(costs) - (net) 30 243 (413)
Surplus on ordinary activities before taxation 3 28,083 22,846
Taxation 7 (6,482) (3,312)
Surplus on ordinary activities after taxation 21,601 19,534
Attributable to minority interest 25 107 101
Retained surplus for the period 21,708 19,635
Revenue reserves at beginning of period 399,522 378,279
Actuarial (loss)/gain on post retirement liabilities (net of deferred tax) (22,271) 6,108
Transfer to annual bonus fund 8 (4,500) (4,500)
Revenue reserves at end of period 394,459 399,522

There is no significant difference in the surplus as disclosed in these financial statements and the surplus as calculated on a historic cost basis.

All of the amounts in the Group Profit & Loss Account for the year relate to continuing operations.

The notes found here form part of these financial statements.

On behalf of the board of Directors
Aaron Forde Donal Tobin
Chairman Director
10 March 2015

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