8. Operating Profit
2017 €’000 | 2016 €’000 | |
Operating Profit has been arrived at after charging/(crediting): | ||
Depreciation (see note 11) | 9,490 | 9,004 |
Amortisation of intangible assets (see note 12) | 72 | 78 |
Redundancy payments | - | 365 |
Amortisation of capital grants (see note 21) | (542) | (475) |
Surplus on revaluation of investment properties (see note 6) | (1,600) | (350) |
Impairment (loss)/gain on trade receivables | - | (14) |
Profit on disposal of tangible assets (see note 6) | (307) | (169) |
Auditors remuneration:
Remuneration (including expenses) for the statutory audit and other services carried out by the Company’s auditors is as follows:
2017 €’000 | 2016 €’000 | |
Audit of entity financial statements | 42 | 46 |
Other assurance services | 14 | 62 |
Other non-audit services | - | - |
Tax advisory services | 3 | 66 |
59 | 174 |
External Support and Specialist Advisory Costs
2017 €’000 | 2016 €’000 | |
Legal Advice | 308 | 119 |
Tax and Financial Advisory | 102 | - |
Public Relations/Marketing | 277 | 218 |
Pension and Human Resources | 262 | 234 |
Engineering | 509 | 386 |
Environmental | 46 | 92 |
Other | 273 | 233 |
Total Costs charged to the Profit and Loss Account | 1,777 | 1,282 |
Costs Capitalised | 7,507 | 8,517 |
Costs charged to the Profit and Loss Account | 1,777 | 1,282 |
Total Costs | 9,284 | 9,799 |
Legal Costs and Settlements
2017 €’000 | 2016 €’000 | |
Settlements Paid | 78 | 316 |
Settlements Received | (20) | (431) |
Total | 58 | (115) |
Travel and Subsistence Expenditure
2017 €’000 | 2016 €’000 | |
Domestic | ||
Board | - | - |
Employees | 8 | 14 |
International | ||
Board | 7 | 3 |
Employees | 116 | 88 |
Total | 131 | 105 |
Hospitality Expenditure
2017 €’000 | 2016 €’000 | |
Staff Hospitality | 94 | 50 |
Client Hospitality | 120 | 140 |
Total | 214 | 190 |
