Notes to the Accounts For the year ended 31 December 2007

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3. Profit for the year

    2007
£'000
2006
£'000
Profit for the year is stated after charging/(crediting):    
Employment costs (Note 4)   224,743 168,792
Exchange (gain)/loss*   (240) 124
Depreciation of property, plant and equipment - owned   6,726 5,630
Amortisation of computer software   934 815
Fees payable to the company's auditors for the audit of the company's annual accounts 69 63
Fees payable to the company's auditors and their associates for other services to the group:    
  - The audit of the company's subsidiaries pursuant to legislation 477 362
Total audit fees   546 425
  - Other services pursuant to legislation 26 27
  - Tax services 162 245
  - Other services 10 46
Total non-audit fees   198 318
Loss/(profit) on disposal of property, plant and equipment, and computer software 91 (48)
Operating lease rentals - land and buildings 16,416 13,543
  - plant and machinery 3,774 2,505

*In 2007, this includes £502k of gains on foreign exchange swaps that economically hedge the fair value of loans with subsidiaries, but for which hedge accounting was not applied. This comprises a gain of £738k which is directly offset by foreign exchange losses on the underlying Euro intercompany loans, with an offsetting £236k charge relating to the Euro to Sterling interest differential.

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