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| Note | For the year ended 31 December 2008 €000 |
For the year ended 31 December 2007(*) €000 |
|
|---|---|---|---|
| Revenues | 4 | 111,450 | 65,665 |
| Distribution costs | (35,423) | (23,369) | |
| Administrative expenses | (28,050) | (17,512) | |
| (63,473) | (40,881) | ||
| Operating profit before the following items: | 73,034 | 41,990 | |
| Employee stock option expense | 9 | (4,125) | (1,676) |
| Amortisation of intangible assets | 11 | (4,234) | (3,362) |
| Impairment of software on acquisition | 12 | – | (174) |
| Decline in fair value of available for sale investments | 14 | (16,698) | (11,579) |
| Loss on disposal of available for sale investment | 14 | – | (415) |
| Total | (25,057) | (17,206) | |
| Operating profit | 5 | 47,977 | 24,784 |
| Financing income | 4,839 | 2,411 | |
| Exchange rate differences – other | 2,841 | 750 | |
| Total financing income | 6a | 7,680 | 3,161 |
| Financing cost – discounting of deferred consideration | (748) | (1,026) | |
| Financing cost – other | (330) | (83) | |
| Exchange rate differences – Investments accounted for using equity method | 13 | (13,126) | – |
| Total financing cost | 6b | (14,204) | (1,109) |
| Profit before taxation | 41,453 | 26,836 | |
| Tax expense | 7 | (762) | (529) |
| Profit for the year attributable to the equity holders of the parent | 40,691 | 26,307 | |
| Earnings per share (in cents) | 8 | ||
| Basic | 17.9 | 12.3 | |
| Diluted | 17.3 | 11.7 | |
| (*) Details of changes in presentation to the consolidated income statement are given in note 2B. | |||