| 2013
£m | 2012
(Restated)
£m |
|---|
| Revenue | 619.6 | 587.8 |
| Cost of sales | (386.2) | (368.7) |
| Gross profit | 233.4 | 219.1 |
| Other operating income | 3.5 | 5.2 |
| Distribution costs | (18.0) | (17.6) |
| Administration expenses* | (109.6) | (104.2) |
| Other operating expenses | (1.9) | (5.0) |
| Headline operating profit | 107.4 | 97.5 |
| Amortisation of acquired intangible fixed assets* | (4.5) | (2.0) |
| Operating profit prior to exceptional items | 102.9 | 95.5 |
| Exceptional items* | (0.8) | (2.5) |
| Operating profit | 102.1 | 93.0 |
* Administration expenses total £114.9m (2012: £108.7m).
Exceptional items comprise:
| 2013
£m | 2012
£m |
|---|
| Profit on disposal of investments | – | (2.4) |
| Acquisition costs | – | 2.5 |
| Reorganisation costs | 0.8 | 2.4 |
| 0.8 | 2.5 |
Further details of these items are included in the Finance Director's report.
Profit for the year has been arrived at after charging/(crediting):
| 2013
£m | 2012
£m |
|---|
| Net foreign exchange gains | (0.1) | – |
| Inventory expensed | 55.4 | 53.3 |
| Depreciation of property, plant and equipment | 51.9 | 48.7 |
| Amortisation of intangible fixed assets | 5.5 | 4.2 |
| (Gain) / loss on disposal of property, plant and equipment | (0.1) | 0.1 |
| Staff costs (see note 4) | 242.3 | 228.8 |
| Acquisition costs | – | 2.5 |
| Impairment loss on trade receivables | 0.5 | 0.4 |
| Impairment of fixed assets | 5.1 | 0.7 |
The analysis of auditor's remuneration on a worldwide basis is as follows:
| 2013
£m | 2012
£m |
|---|
| Fees payable to the Company's auditor for the audit of the Company's annual accounts | 0.1 | 0.1 |
| Fees payable to the Company's auditor and its associates for other services: | | |
| The audit of the Company's subsidiaries | 0.7 | 0.6 |
| Total audit fees | 0.8 | 0.7 |
| Taxation compliance services | 0.1 | 0.1 |
| Total non-audit fees | 0.1 | 0.1 |
| 0.9 | 0.8 |
In addition to the amounts shown above, the auditor received fees of £5,580 (2012: £6,000) for the audit of the Group's pension schemes.
Fees paid to Deloitte LLP and its associates for non-audit services to the Company are not required to be disclosed because the consolidated financial statements are required to disclose such fees on a consolidated basis.
A description of the work of the Audit Committee is set out in the Audit Committee report and includes an explanation of how auditor objectivity and independence is safeguarded when non-audit services are provided by the auditor.