Financials
Consolidated statement of comprehensive income for the year ended 31 December 2017
2017 £’000
2016 £’000
Note
Turnover
602,984 (565,602)
5
591,713
Cost of sales
(552,782)
Gross profit
37,382
38,931
(26,846)
Administrative expenses – other
(27,093)
(1,854)
Administrative expenses – Exceptional items
6
-
(28,700)
Total Administrative expenses
(27,093)
Operating profit
8,682 8,682
6
11,838
Profit before interest and taxation Interest receivable and similar income Interest payable and similar expenses
11,838
4
9
30
(625)
10
(631)
Profit before taxation
8,061
11,237
(1,088)
Tax on profit
11
(1,647) 9,590
Profit for the financial year
6,973
Profit and total comprehensive income for the year attributable to: Shareholders of the parent company
6,908
9,590
65
Non-controlling interest
-
6,973
9,590
All results derive from continuing operations. None of the Group’s activities were discontinued during the current year or previous year.
There is no material dierence between the profit before taxation and the profit for the year stated above and their historical cost equivalents.
The notes on pages 39 to 58 form part of these statements.
Financials | Whistl Annual Report 2017
33
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