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Annual Report & Accounts 2009 - Notes
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29 4. ALTERNATIVE PRESENTATION OF CONSOLIDATED INCOME STATEMENT To better aid shareholders and other interested parties, the Directors have prepared an alternative presentation of the Consolidated Income Statement. This is included below: Year ended Year ended Year ended 31 Dec 31 Dec 31 Dec 2009 2008 2007 Notes d000's c000's c000's Net Gaming Revenue 5 53,958 50,085 42,639 Cost of sales (9,433) (9,163) (9,234) -------- -------- -------- Gross profit 44,525 40,922 33,405 Gross profit ratio 83% 82% 78% Marketing and affiliate costs (16,991) (12,990) (6,128) -------- -------- -------- Contribution 5.4 27,534 27,932 27,277 Other operating costs 6.1 (10,106) (8,384) (7,294) -------- -------- -------- Clean EBITDA 5.5 17,428 19,548 19,983 Exceptional items 6.2 (1,538) (1,917) - Share Option Charges 6.1 (213) (557) (815) -------- -------- -------- EBITDA 15,677 17,074 19,168 Depreciation 10 (709) (436) (57) Amortisation 11 (740) (280) (2,919) -------- -------- -------- Operating Profit 14,228 16,358 16,192 Financial income 7 64 551 459 Unwinding of discount on deferred consideration 12.5 (467) - - Other Financial expense 7 (5) (6) (20) -------- -------- -------- Profit before tax 13,820 16,903 16,631 Taxation (charge) / income 8 (366) (360) 11 -------- -------- -------- Profit after tax 13,454 16,543 16,642 -------- -------- -------- 5. GEOGRAPHIC AND SEGMENTAL REPORTING 5.1 NGR by geographic location of customers Year ended Year ended Year ended 31 Dec 31 Dec 31 Dec 2009 2008 2007 d000's c000's c000's Germany 23,052 27,155 32,084 Austria 3,566 4,198 6,275 Italy 21,018 13,502 2,271 Spain 1,549 678 484 Latin America 2,180 - - Other 2,593 4,552 1,525 -------- -------- -------- 53,958 50,085 42,639 -------- -------- --------