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  • Independent auditors' report
  • Consolidated income statement
  • Consolidated statement of recognised income and expense
  • Consolidated balance sheet
  • Consolidated cash flow statement
  • Company balance sheet
  • Company statement of recognised income and expense and cash flow statement
  • Notes to the financial statements
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Notes to the financial statements - 7 Notes to the financial statements - 5

Notes to the financial statements

for the year ended 3 January 2009

6.Operating expenses


The following items have been included in arriving at operating profit:

2008
€'000
  2007
€'000
Depreciation of property, plant and equipment (note 14)      
- Owned assets 24,149   24,994
- Leased assets under finance leases 1,640   2,252
Profit on disposal of property, plant and equipment (5,319)   (3,002)
Repairs and maintenance expenditure on property, plant and equipment 25,698   28,459
Exceptional item - exit from Pigmeat 3,332   20,756
Amortisation of intangible assets (note 15)      
- Software costs 3,685   3,824
- Other intangible assets 4,672   2,992
Increase in inventories 42,365   92,053
Raw materials and consumables used 1,662,357   1,637,623
Energy costs 39,714   32,031
Sales and marketing 54,110   45,089
Trade receivables - impairment charge for bad and doubtful debts 1,384   297
Amortisation of government grants received (note 35) (600)   (736)
Operating lease rentals payable      
- Plant and machinery 4,775   4,561
- Other 5,582   4,556
Employee benefit expense (note 8) 200,093   197,170
Auditors' remuneration 639   627
Research and development costs 6,880   7,509
Net foreign exchange gains (4,019)   (611)
Other 46,273   13,752
Total operating expenses 2,117,410   2,114,196
© Glanbia plc 2009