Preliminary results for the year ended 29 January 2011
24 March 2011
Notes to the consolidated financial statements
4. Exceptional items
|Included within selling and distribution expenses|
|Included within other income|
|Profit on disposal of properties||3||17|
|Exceptional items before tax||(6)||17|
|Tax on exceptional items||3||(7)|
The UK restructuring charge of £9m reflects plans announced by the Group to consolidate its distribution network in the UK through the construction of a new regional distribution centre in the south of England and the closure of other sites. The provision covers primarily future costs of redundancies and dilapidations on the sites to be exited.
The Group has recorded an exceptional profit of £3m on the disposal of properties (2009/10: £17m profit).