3 – Operating profit ( continued )
Notes to the consolidated financial statements
Keepmoat . com 39
3 – Operating profit ( continued )
Contribution is calculated as follows : 2018 2017
Continuing operations |
£’ 000 |
£’ 000 |
Gross profit |
69,623 |
70,128 |
Amortisation of intangible assets |
4,415 |
1,290 |
Fair value acquisition adjustment to inventory * |
890 |
- |
Exceptional items ( note 4 ) |
13,220 |
- |
Contribution |
88,148 |
71,418 |
* As a result of the acquisition of MCI Developments Limited in January 2017 , inventory was acquired , which included a fair value adjustment to its book value of £ 890k . All of the inventory relating to the fair value adjustment was sold during the current year .
2018 2018 Auditors remuneration £’ 000 £’ 000 Audit of the Company ’ s parent companies 92 74 Audit of the Company ’ s annual report 65 40 Audit of the financial statements of the Group ’ s subsidiaries 162 180 Audit of the financial statements of the Group ’ s joint ventures and associates 38 21 Total audit services 357 315 Tax advisory services 149 206 Fees payable to the Company ’ s auditor in respect of associated pension schemes 12 12 Other non-audit services 393 - Other non-audit assurance services 9 11 Corporate finance services - 218 Total other services 563 447 Total 920 762
The auditors ’ remuneration relates to both continuing and discontinued operations during the current and previous years .