Profit and Loss Account
For the Financial Year ended 31 December 2020
Notes | 2020 | 2019 | |
|---|---|---|---|
€’000 | €’000 | ||
Turnover | 86,596 | 92,723 | |
Cost of sales | (31,920) | (32,467) | |
Gross Profit | 54,676 | 60,256 | |
Administrative expenses | (11,191) | (16,027) | |
Other operating income | 665 | - | |
Operating Profit | 44,150 | 44,229 | |
Interest receivable and similar income | 613 | 1,069 | |
Interest payable and similar charges | (5,074) | (679) | |
Net Finance (Expense)/Income | (4,461) | 390 | |
Profit on Ordinary Activities Before Taxation | 39,689 | 44,619 | |
Tax on profit on ordinary activities | (5,438) | (5,974) | |
Profit for the Financial Year | 34,251 | 38,645 |
Turnover and Operating Profit arose solely from continuing activities.