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Annual Report & Accounts 2009 - Notes
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36 6.1.4 Office, travel and other expenditure, by brand Year ended Year ended Year ended 31 Dec 31 Dec 31 Dec 2009 2008 2007 d000's c000's c000's CasinoClub 507 458 441 Betaland 449 486 159 Winzingo - - - Betboo 83 - - -------- -------- -------- Sub-total 1,039 944 600 Unallocated central costs 418 498 671 -------- -------- -------- 1,457 1,442 1,271 -------- -------- -------- 6.2 Exceptional items The Group incurred expenditure on exceptional items (as defined in accounting policy note 1.14). These are items which are both exceptional in size and nature. Year ended Year ended Year ended 31 Dec 31 Dec 31 Dec 2009 2008 2007 Notes d000's c000's c000's Disposal of GVC Corporation SpA 6.2.1 1,005 - - Termination costs related to consultants 6.2.2 283 - - Abnormal individual jackpot win 6.2.3 250 - - Write-off of working capital loan to New Town Capital Limited (trading as Winzingo) - 1,075 - Termination and other costs associated with Board changes - 526 - Professional fees associated with abortive take-over during the year - 316 - -------- -------- -------- 1,538 1,917 - -------- -------- -------- 6.2.1 Disposal of GVC Corporation S.p.A As announced on 17 December 2009, the group entered into an agreement to dispose of GVC Corporation S.p.A., its licensed Italian subsidiary, to local management for a nominal sum. The exceptional item recognises the legal costs incurred in this process together with the write-off of the investment held and the net assets parted with at the time of the sale, being 31 August 2009. During the eight month period to 31 August 2009, the company generated NGR of c553k and made a loss (before and after) taxation of c731k.