Jockey Club Racecourses Limited
Income statement Year ended 31 December 2021
2021 £m
2020 £m
Notes
Turnover
3
137.6
111.5
Cost of sales
(81.0)
(59.5)
Gross profit
52.0 27.4
56.6 26.7
Other operating income Administrative expenses
9
(62.2)
(58.2)
Operating profit
10
21.2
21.1
Income from other investments
5 6 7 8
1.2 0.3
0.2 0.3
Interest receivable and similar income Interest payable and similar charges
(4.3) (2.4)
(3.7)
Other finance income/(costs)
4.4
Profit on ordinary activities before taxation
23.3
15.0
Tax charge on profit on ordinary activities
11
(2.2)
(2.1)
Profit for the financial year transferred to reserves
21.1
12.9
All amounts derive from continuing operations.
Statement of comprehensive income Year ended 31 December 2021
2021 £m
2020 £m
Notes
Profit for the financial year
21.1
12.9
Actuarial gain/(loss) on defined benefit pension schemes Movement on deferred tax relating to pension liability
18 19
(12.1)
11.0
(2.8)
2.3
Other comprehensive income/(loss) for the year
8.2
(9.8)
Total comprehensive income for the year
3.1
29.3
The notes on pages 17 to 37 form part of these financial statements.
649,4 110 649
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