Note2016
£000
2015
£000
Continuing operations
Revenue3161,370154,741
Cost of sales (113,366)(109,866)
Gross profit48,00444,875
Other operating income4317352
Distribution expenses(3,202)(3,108)
Administrative expenses before separately disclosed items(28,326)(26,845)
IFRS2 charge2, 22(1,687)(741)
Intangible amortisation2, 12(974)(551)
Net acquisition costs2, 30(264)(750)
Costs on exercise of executive share options2(511)
Release of closure provision for TR Formac (Suzhou) Co. Ltd294
Total administrative expenses (31,251)(29,304)
Operating profit5, 6, 713,86812,815
Financial income86097
Financial expenses8(851)(1,063)
Net financing costs (791)(966)
Profit before taxation2, 313,07711,849
Taxation9(2,852)(3,455)
Profit for the year (attributable to equity shareholders of the Parent Company)10,2258,394
Earnings per share
Basic258.78p7.39p
Diluted258.50p7.07p

The notes to the financial statements form part of these financial statements