6 Operating profit Operating profit is stated after charging/ (crediting):
2017 £’000
2016 £’000
(2,266)
Negative goodwill amortisation Purchased goodwill amortisation Amortisation of intangible fixed assets Depreciation of tangible fixed assets Impairment of intangible fixed assets
(2,266)
11
-
1,956 1,744
1,789 1,928
178
- -
(550)
Reversal of impairment of tangible fixed assets Loss on disposal of tangible fixed assets
4
386
142
Impairment of trade debtors
70
1,854
Exceptional costs *
-
Auditor’s remuneration - as auditor
84
65
-
- other audit related services
7
41
Net loss on foreign currency translation
106
Operating lease charges: - Plant and machinery
5,845 4,023
4,979 3,682
- Other
Fees for audit related services for 2017 and 2016 were borne by a group company and not recharged, apart from Whistl Fulfilment group that was recharged £15,000 (2016:£nil). There were no non-audit related services in the year.
*Exceptional costs of £1,854,000 were incurred in the year. These include restructuring costs of £1,187,000 in relation to the transfer of the Leeds and Warrington depots into Bolton and represent exceptional moving and double running costs in the year. The move was completed successfully in 2017 and all one-o costs have now been incurred and recognised in 2017.
Other exceptional legal and professional costs of £667,000 were incurred in relation to M&A activity including the acquisition of Prism DM and other ongoing or aborted projects.
7 Employee information The average monthly number of sta (including Executive Directors) employed by the Group during the year amounted to:
2017 Number
2016 Number
254
Sales, management, finance and administration
283
1,450 1,704
Operations
1,279 1,562
The aggregate payroll costs of the above were:
2017 £’000
2016 £’000
45,387
Wages and salaries Social security costs
40,665
4,318
3,813 1,123
1,114
Other pension costs (note 26)
50,819
45,601
44 Financials | Whistl Annual Report 2017
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