consolidated income statement
| Continuing operations | Notes |
Year ended 31 December 2007 £'000 |
Year ended 31 December 2006 £'000 |
| Revenue | 97,916 |
68,893 |
|
| Cost of sales | (57,837) |
(46,538) |
|
| Gross profit | 40,079 |
22,355 |
|
| Sales and marketing costs | (4,968) |
(4,340) |
|
| Administrative costs analysed: | |||
| Depreciation and amortisation | (18,534) |
(15,377) |
|
| Operating exceptional items | (4,716) |
(7,733) |
|
| Other administrative costs | (11,759) |
(7,007) |
|
| Total administrative costs | (35,009) |
(30,117) |
|
| Operating profit/(loss) | 102 |
(12,102) |
|
| Finance income | 523 |
617 |
|
| Exceptional finance costs | (2,127) |
— |
|
| Other finanace costs | (6,256) |
(4,286) |
|
| Loss on ordinary activities before taxation | (7,758) |
(15,771) |
|
| Income tax (charge)/credit | (66) |
3 |
|
| Retained loss for the year | (7,824) |
(15,768) |
|
| Loss per share: basic and diluted (p) | (4.67) |
(10.23) |
|
| Adjusted loss per share: basic and diluted (p) | (0.59) |
(5.21) |
|
| Supplementary income statement information | |||
| Adjusted EBITDA | 23,352 |
11,008 |
|
| Operating exceptional items | (4,716) |
(7,733) |
|
| EBITDA* | 18,636 |
3,275 |
|
| Depreciation | (17,414) |
(14,555) |
|
| Intangible asset amortisation | (1,120) |
(822) |
|
| Operating profit/(loss) | 102 |
(12,102) |
* Earnings before interest, taxation, depreciation and amortisation.
The notes on pages 41 to 60 are an integral part of these consolidated financial statements. The Company has elected to take the exemption under Section 230 of the Companies Act 1985 to not present the Parent Company profit and loss account. The profit for the Parent Company for the year was £nil (2006: £nil).