Interim results for the 26 weeks ended 31 July 2010

 

16 September 2010

 

Notes to the condensed consolidated financial statements (UNAUDITED)

for the 26 weeks ended 31 July 2010

5. Exceptional items

£ millions Half year ended
31 July 2010
Half year ended
1 August 2009
Year ended
30 January 2010
Included within selling and distribution expenses      
UK restructuring (9) - -
  (9) - -
Included within other income      
Profit on disposal of properties 2 - 17
  2 - 17
Exceptional items before tax (7) - 17
Tax on exceptional items 4 - (7)
Exceptional items (3) - 10

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 profit on disposal of properties is £2m (2009/10: £nil) and for the year ended 30 January was £17m.