Turnover represents the fair value of consideration received or receivable for the sale of food, beverages and related products in the ordinary course of the company's business, net of value added tax, discounts and refunds. Revenue is recognised at the point when control of the goods passes to the customer, which is generally when the food and beverages are provided to the customer.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.