Cost of materials 126,199 193,150
---------------------------------------------------------- -------- --------
Cost of purchased services 4,518 18,699
---------------------------------------------------------- -------- --------
Cost of services 4,518 18,699
---------------------------------------------------------- -------- --------
Own work capitalised relates to the construction of production
equipment including in particular crystallisation systems.
4. Personnel expenses
2012 2011
EUR'000 EUR'000
----------------------- -------- --------
Wages and salaries 12,501 14,460
Social security 1,871 2,247
Pension costs 597 527
Employee share schemes 319 238
--------
Restructuring costs 4,877 393
----------------------- -------- --------
20,165 17,865
----------------------- -------- --------
Included within pension costs are EUR179k (2011 EURnil) relating
to actuarial losses on defined benefit pension obligations.
Employees
The Group employed a monthly average of 311 employees during the
year ended 31 December 2012 (2011: 385).
2012 2011
Number Number
--------------- ------- -------
Germany 217 247
United Kingdom 87 130
Japan 7 8
--------------- ------- -------
311 385
--------------- ------- -------
2012 2011
Number Number
--------------- ------- -------
Production 196 255
Administration 115 130
--------------- ------- -------
311 385
--------------- ------- -------
The Group employed 299 employees at 31 December 2012 (31
December 2011: 361).
The remuneration of the Board of Directors, including
appropriations to pension accruals, is shown in the Directors'
Remuneration Report.
5. Other expenses
2012 2011
EUR'000 EUR'000
---------------------------------------------------------- -------- --------
Derecognition of previously recognised grants & subsidies
and interest thereon 5,812 -
Land and building operating lease charges 2,694 2,813
Repairs and maintenance 282 1,079
Selling expenses 30 68
Technical consulting, research and development 302 710
External professional services 3,498 2,795
Insurance premiums 716 775
Travel and advertising expenses 414 546
Bad debts 772 -
Expensed supply deposit 2,332 -
Staff related costs 356 1,007
Other 809 1,491
---------------------------------------------------------- -------- --------
18,017 11,284
---------------------------------------------------------- -------- --------
Included within external professional services, within other
expenses, are the following amounts which were paid to the Group's
auditors:
2012 2011
EUR'000 EUR'000
----------------------------------------------------------- -------- --------
Fees payable to the Company's auditor and its associates
for the audit of the parent company and consolidated
financial statements 86 81
Fees payable to the company's auditor and its associates
for other services:
* The audit of the Company's subsidiaries pursuant to
legislation 185 140
* Audit-related assurance services 3 -
* Other assurance services 60 -
--------
* Tax compliance services 10 -
--------
344 221
----------------------------------------------------------- -------- --------
Other assurance services relate to the provision of comfort
letters regarding the Group's creditors.
6. Finance income and costs
Finance income and costs are derived/incurred on financial
assets/liabilities and recognised under the effective interest
method.
The resulting charge upon unwinding the discount charge on
provisions is recorded as a finance cost.
2012 2011
Total Total
EUR'000 EUR'000
-------------------------------------------------- -------- --------
Finance income 820 855
-------------------------------------------------- -------- --------
Finance expense:
Expense of Group borrowings (190) (404)
Expense of unwinding provision discounting charge (1,325) -
-------------------------------------------------- -------- --------
Finance expense (1,515) (404)
-------------------------------------------------- -------- --------
7. Income taxes
2012 2011
Total Total
EUR'000 EUR'000
-------------------------------------------------- -------- --------
Current tax:
Current tax on profit/(loss) for the year 142 (6,591)
Adjustments in respect of prior years (817) (81)
-------------------------------------------------- -------- --------
Total current tax (675) (6,672)
-------------------------------------------------- -------- --------
Deferred tax (note 18):
Origination and reversal of temporary differences (2) (9,162)
Impact of change in tax rate - 552
Derecognition of previously recognised tax losses 11,284 9,090
-------------------------------------------------- -------- --------
Total deferred tax 11,282 480
-------------------------------------------------- -------- --------
Total tax credit / (charge) 10,607 (6,192)
-------------------------------------------------- -------- --------
The total tax rate for the German companies is 31.575 % (2011:
30.5%) in Erfurt and 29.125% (2011: 28.4%) in Bitterfeld. The
effective total tax rate in the United Kingdom was 24.5% (2011:
26.5%) and the total tax rate in Japan was 39.91 % (2011: 42.1%).
These rates are based on the legal regulations applicable or
adopted at the balance sheet date.
The standard rate of corporation tax in the United Kingdom
changed from 26% to 24% with effect from 1 April 2012. Accordingly,
profits in the United Kingdom were taxed at an effective rate of
24.5%. Legislation to reduce the main rate of corporation tax from
24% to 23% from 1 April 2013 was included in the Finance Act 2012,
substantively enacted on 3 July 2012, and consequently deferred tax
balances have been remeasured. Further reductions to the main rate
are proposed to reduce the rate by 1% per annum to 22% by 1 April
2014. These further rate reductions had not been substantively
enacted at the balance sheet date and, therefore, are not included
in these financial statements. The impact of these further changes
is not expected to be material.
The German rate is increasing for Erfurt, to 32.275% in 2013.
The Bitterfeld and Japanese rates will be unchanged.
The tax on the Group's losses before tax differs from the
theoretical amount that would arise using the weighted average tax
rate applicable to the losses of the consolidated entities as
follows:
2012 2011
EUR'000 EUR'000
-------------------------------------------------- --------- --------
Loss before tax (110,794) (67,085)
-------------------------------------------------- --------- --------
Expected income tax expense at effective tax rate
26.3 % (2011: 30.0%) (29,139) (20,100)
Taxation on dividend income - 178
Income not subject to tax (27) (126)
Tax for profit in stock eliminations - 2,610
Derecognition of previously recognised tax losses 11,284 9,090
Unrelieved tax losses 29,094 1,972
Adjustments in respect of prior year (817) (337)
Movement in deferred tax rate - 552
Over provision of deferred tax in prior years - (170)
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