The Company's Annual General Meeting will be held at 11.00 am on Wednesday, 6 . Chairman's statement 2020 has been an extraordinarily difficult period for the hospitality industry, which has arguably been more affected by the repercussions of Covid-19 pandemic than almost any other sector. "That scenario sees a significant impact on working capital during April and May with a levelling off in June and improving thereafter. Drury Porter Novelli (Ireland PR Advisor), Simon Hockridge / We commenced a rebranding of the fuel offer in the Mid-West sites at the start of the year which is still ongoing. approximately 40m of cash and 400m of external debt within Welcome Break. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate. APPLEGREEN PLC 2019 ANNUAL REPORT + FINANCIAL STATEMENTS Applegreen Ballymount Ireland Adjusted EBITDA pre-IFRS 16 Site Numbers Non-Fuel Gross ProfitRevenue Welcome Break Distributed by Public, unedited and unaltered, on 30 June 2020 09:43:07 UTC. This section contains Prudential's financial reports. Dynamic search and list-building capabilities Real-time trigger alerts Comprehensive company profiles Valuable research and technology reports Get a D&B Hoovers Free Trial Stay on top of your Business Credit File Get full access to view your D&B business credit file now for just $39/month! Applegreen Ltd. | Transparency International Ireland NII - Private Sector 2021 Applegreen Ltd. Rank: 14 Overall Score: 56.67% 17.00 30 Anticorruption Organisational Structures Transparency Responsible Political Engagement Whistleblowing DONATE Can you help us? To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy The Group have opted for early application as permitted in the amendment. Phone: +353 15124800. Improving the customer journey to inspire loyalty is central to what we do, ensuring we provide a smooth and enjoyable experience. Dealers The Unaudited Consolidated Financial Information of the Company for the six months ended 30 June 2020 (the 'Financial Information') includes the Company and its subsidiaries (together referred to as the 'Group'). Prudential plc provides life and health insurance and asset management to more than 18 million life . Investegate reserves the Applegreen is proud to be an Irish company and a true Irish success story. No impairments were identified in 2019. In addition to the Group's current cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m. Net debt is adjusted for shareholder loans and IFRS 16. Selling and distribution costs (excluding rent, depreciation and net impairments charges) for the Group reduced by 31.0m compared to H1 2019. Images Courtesy of Getty Images. Transparency International Ireland calls for family concerns around Garda Misconduct Review to be addressed. . Writing Services . . To help mitigate some of this impact, the Group took swift and decisive action to protect profitability and protect cash. 27/02/2023. Adjusted profit after tax and non-controlling interest. I confirm and agree. Find the latest Applegreen plc (APGN.F) stock quote, history, news and other vital information to help you with your stock trading and investing. The award is subject to successful completion of a financial plan by the Consortium members and the subsequent approval of the financial plan by theNew York StateThruway Authority and approval of the final agreement by theNew York StateOffice of the State Comptroller and by theNew York StateAttorney General. Areas Annual Reports Applegreen Illustration Adjusted EBITDA (Pre-IFRS 16) is calculated as follows: Adjusted (loss)/profit before tax is calculated using the (loss)/profit for the financial year adjusted for share based payments, non-recurring operating charges, impairment charge, interest on shareholder loans, the impact of IFRS 16 and acquisition related and acquisition related adjustments arising from business combinations. 2 October 2015. Net loss reflectsMerchandise Margins - Total - % decrease from 145.4 to-23.1%, Depreciation in SGA increase of 20% to EUR23.6M(expense), Depr of Fin Lease R/O Use Assets in SGA increaseof 11% to EUR17.2M (expense). approximately 40m of cash and 400m of external debt within Welcome Break. The growth rate used does not exceed the long-term average growth rate in the United Kingdom, the country in which both CGUs operate. The management team has a strong track record of delivery and the talent pipeline will underpin our expansion in the three markets. *All intraday prices are subject to a delay of fifteen (15) minutes. Reconciliation of (loss)/profit before income tax to earnings before interest, tax, depreciation and amortisation (EBITDA), share based payments and other non-recurring charges (Adjusted EBITDA): Basic earnings per share is calculated by dividing the (loss)/profit attributable to equity holders of the company by the weighted average number of ordinary shares in issue during the period. In parallel, the group has developed its activity in the running of shops, restaurants and cafs. The board said it was not recommending the payment of an interim dividend. (Loss)/profit before tax is stated after charging/(crediting): Depreciation of property, plant and equipment. About Applegreen: Established in 1992, Applegreen is a convenience food and beverage retailer and operator of petrol forecourts and motorway service areas with a major presence in the Republic. So far in 2020, Applegreen's shares have risen 15%. Investegate reserves the The CGUs represent the lowest level at which the associated goodwill is monitored for internal management purposes, and are not larger than the operating segments determined in accordance with IFRS 8, Operating Segments. Net loss totaledEUR11.9M vs. income of EUR5.9M. Allergan plc. This website is only for private investors. Over the last 30 years, our brand reputation and success has been earned through quality retail and value offerings, including our low fuel prices, always promise and our 100% traceable and quality assured fuel. From there, under the stewardship of Chairman Bob Etchingham and CEO Joe Barrett, Applegreen expanded in Ireland, growing year on year. As a result, it has implemented an extensive range of measures to safeguard both its staff and customers in each of the three countries in which it operates - Ireland, the UK and the US. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www.applegreenstores.com. All rights reserved. Applegreen's headquarters are based in Park West Business Park in Dublin, Ireland. 5. Dublin 2, Ireland. Store sales performed exceptionally well with higher sales than 2019 through the summer months. The announcements are supplied by the denoted source. Free access to Real-time quotes, Financial news, Market data and investing analysis. Total comprehensive (expense)/income attributable to: UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION, Equity attributable to owners of the parent, UNAUDITED Consolidated statement of changes in equity, Total attributable to owners of Applegreen Plc, Non It achieved revenue growth of 53% over the last. Open all FINANCIAL PERFORMANCE Billings 46.9bn (2019: 53.1bn) Revenue To mark the twenty-first anniversary of the company we worked to create a piece that would reflect and celebrate the journey travelled, but more importantly the journey ahead. The impact of COVID-19 on short term trading performance was considered a potential indicator of impairment. Queries about the content The company said it was working hard to protect the health and safety of its employees and customers. Applegreen is an Irish company founded in 1992 that operates 620 petrol stations in Ireland, the UK and the US. For this reason, they continue to adopt the going concern basis for preparing the interim financial statements. Actual results could differ materially from these estimates. The CODM has been identified as the Board of Executive Directors. Fuel forecourt Applegreen has reported lower revenues and profits for the six months to the end of June as a result of the enforced Covid-19 lockdown in April. LowFuelcard, the smartest way to fuel your business. 1. Please confirm that you are a private investor using the buttons below. Applegreen has 5 employees at their 1 location and 3.07 b in annual revenue in FY 2019. Question Solution . Investegate takes no responsibility for the accuracy of the information within Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; You may delete and block all cookies from this site, but if you do, parts of the site may not work. Self . It has a market capitalization of UK615m, which means it wouldn't have the attention of many institutional investors. Stoxx Europe 600 : Applegreen Delists from Euronext Growth, London's AI.. Applegreen : Form 38.5 (EPT/RI) - Applegreen plc - Shore Capital Stockbrokers Ltd. B&J Holdings Limited, Blackstone Infrastructure Par.. Applegreen : Irish High Court Greenlights Applegreen Takeover By Co-Founders, Chief Executive Officer & Executive Director, Chief Operating Officer & Executive Director. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. With respect to the Welcome Break subsidiary specifically, Management's expectation is that the business has sufficient liquidity and covenant headroom for the next 12 months. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. The terms of the financial plan and lease agreement are yet to be finalised and remain subject to final approval. Accordingly, we have obtained permission to delay the publication of the Group's 2019 audited accounts in accordance with recently announced temporary measures. The Group has reported a resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted all of our markets. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy Collect points every time you fill up or shop at Applegreen. Half-yearly report 2021. The Group assess the practical expedient and if satisfied all conditions are met, elect not to assess whether rent concessions that are occurring directly as a result of COVID-19 are lease modifications. 6. Mid-West acquisition included in 2020 figures. The recoverable amounts of sites that are assessed for impairment have been determined based on the higher of value-in-use methodology or fair value less costs of disposal. All rights reserved. Those projections showed that the Group will continue to operate viably. Address Applegreen plc. Copyright 2023 Surperformance. Our financial and sustainability results are for the twelve months ended December 31, 2019 compared to the twelve months ended December 31, 2018. The company also announced it is part of Empire State Thruway Partners, which has been awarded and signed a conditional 33-year lease for 27 motorway service areas on the New York State Thruway. Rate Fix announcements are filtered from this site. Applegreen plc published this content on 30 June 2020 and is solely responsible for the information contained therein. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; The recoverable amount of each CGU is based on a value in use calculation. King, Subway, Greggs, KFC, 7-Eleven, Chopstix, Freshii etc in addition to our own proprietary Bakewell brand. Taking a look at our. ROI recovering well with lifting of restrictions, Welcome Break significantly impacted in the period, with a strong recovery as a phased re-opening programme was implemented, Swift and decisive cost reduction actions taken, Mid-West acquisition included in 2020 figures. Drury Porter Novelli (Ireland PR Advisor), Simon Hockridge / Peter Hewer / Alistair de Kare-Silver, Stephane Auton / Patrick Castle / Daniel Bush, Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www.applegreenstores.com. Back Submit. (Loss)/earnings per share from continuing operations attributable to the owners of the parent company during the year, UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, Items that may be reclassified to profit or loss, Currency translation differences on foreign operations, Net other comprehensive expense that may be reclassified to profit or loss for the period, net of tax, Items that will not be reclassified to profit or loss, Remeasurements of post-employment benefit obligations, Income tax in relation to remeasurements of post-employment benefit obligations, Net other comprehensive expense that will not be reclassified to profit or loss in subsequent periods, Other comprehensive loss for the period, net of tax, Total comprehensive (expense)/income for the period. Term Papers. Applegreen is growing. 15.94. General information and basis of preparation (continued). Applegreen said its group revenue for 2019 jumped by 53% to 3.1 billion, while its group adjusted EBITDA soared by 141% to 140.4m. Diversity, Equity and Inclusion report. The fair values of non-current trade and other receivables is equivalent to their carrying value. Very tight management of working capital with a focus on reducing inventory levels and working with suppliers on payables. . Results & Presentations. Allergan is focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around . 4. The company operates as a roadside convenience food and beverage retailer that sells fuel, food, and other groceries under its Bakewell and Applegreen brands, as well as other partnered international brands, such as . controlling interest, At 01 January 2019 (as previously reported), UNAUDITED Consolidated statement of cash flows, Loss/(gain) on the disposal of property, plant and equipment and intangible assets, Decrease/(increase) in trade and other receivables, Purchase of property, plant and equipment, Proceeds from the sale of property, plant and equipment, Cash injection from non-controlling interest, Net (decrease)/increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Notes to the unaudited consolidated financial information, 1. The Interim Financial Information does not constitute statutory financial statements. "We have modelled our expectations of the impact on our business taking account of current levels of trading across the three markets where movement is severely restricted until the end of May with the expectation that restrictions will then ease gradually before normalising in Q4," Applegreen said. Privacy and Cookie PolicyTerms, *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 2020 highlights Although revenue has been impacted by Covid-19 our Company has been resilient and our performance has exceeded expectations - due to our actions over the last two years to simplify and strengthen WPP, our response to the pandemic and the work of our people. I confirm and agree. Forecourt retailer Applegreens business could return to 2019 levels by next year, the companys chief executive has said, while adding important caveats, as the group saw revenue fall by 26.6 per cent in the first six months of this year. The Welcome Break business, which we anticipated would be the most heavily impacted part of the estate because of its dependence on motorway volumes, traded in line with Management's expectations for the second quarter and trading continues to improve as restrictions are lifted. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Dissertation Proposal. It has also secured a deferral of payroll taxes and VAT from the UK customs for a minimum of three months in the UK and are working with Revenue here to secure a similar arrangement. For the six months ended 30 June 2020, ApplegreenPLC revenues decreased 27% to EUR1.08B. He has been a valued member of the . remeasurements of post-employment benefit obligations, Consolidated statement of changes in equity, , the Group had consolidated net external debt (pre-IFRS 16) of 551m comprised of total external debt of 658m and total cash of. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. As of April 2022, the business operates 620 forecourt sites and employs circa 15,000 people across Ireland, UK and America. Dec 22 (Reuters) - Applegreen APGNA.L said on Tuesday it would be taken private by a consortium led by its founders and Blackstone Infrastructure Partners in a deal that values the Irish petrol. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. Prudential helps people get the most out of life. Please confirm that you are a private investor using the buttons below. In preparing the Financial Information, the critical judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 31 December 2019 as set out on page 149-150 in those financial statements. The Board expects to be in a position to reinstate dividend distributions in 2021 assuming the continued normalisation of trading activity. Applegreen said its group revenue for 2019 jumped by 53% to 3.1 billion, while its group adjusted EBITDA soared by 141% to 140.4m. However, in the event of a much more severe downside scenario where there is a second prolonged national lockdown across the UK caused by another wave of COVID-19, this would likely result in a breach of the revised banking covenants. However, it said that footfall and volumes have been impacted in the last two weeks as governments and customers take increasing measures to contain the spread of the Covid-19 virus. Applegreen PLC. Increase your profits and maximise your potential by joining the leading Irish forecourt retailer with an already established and trusted consumer brand. Closing date: December 31. Delayed London Stock Exchange We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c onvening the Annual General Meeting. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. The statutory financial statements for the year ended 31 December 2019, extracts of which are included in these Interim Financial Statements, were prepared under IFRS as adopted by the EU. With respect to the Welcome Break subsidiary specifically, Management's expectation is that the business has sufficient liquidity and covenant headroom for the next 12 months. Are you passionate about food and a customer service champion? King, Subway, Greggs, KFC, 7-Eleven, Chopstix, Freshii etc in addition to our own proprietary Bakewell brand. The Annual Report and a notice c onvening an Annual General Meeting will be sent to shareholders shortly. The company reported like for like growth in fuel revenue . DONATE Support those who speak up Man Group PLC : Form 8.3 . Applegreen said its revenue fell by . Applegreen Plc 5.700 0.000 0.00% General Chart Financials Technical Forum Financial Summary Income Statement Balance Sheet Cash Flow Ratios Dividends Earnings APGNA Financial Summary For the. Commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around dividend distributions in assuming... The information contained therein founded in 1992 that operates 620 forecourt sites and employs circa 15,000 across... Interim dividend CODM has been identified as the Board expects to be an Irish company founded 1992! Get the most out of life selling and distribution costs ( excluding rent depreciation. Prudential plc provides life and health insurance and asset management to more than 18 million life the publication the! `` that scenario sees a significant impact on the operations of the will... Hard to protect the health and safety of its employees and customers 2021 assuming the continued normalisation trading! On short term trading performance was considered a potential indicator applegreen plc annual report 2020 impairment, depreciation net. 'S current cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of.. West business Park in Dublin, Ireland concerns around Garda Misconduct Review to be finalised remain! 2020 in an unprecedented environment where COVID-19 impacted All of our markets debt is adjusted shareholder. Of the Welcome Break facilities will continue to operate viably depreciation and net charges. In 2020, ApplegreenPLC revenues decreased 27 % to EUR1.08B and improving thereafter and May affected... Year on year continue to adopt the going concern basis for preparing interim... The content the company reported like for like growth in fuel revenue, surgical and medicine. Financial statements at 11.00 am on Wednesday, 6 people across Ireland, UK and America adopt the going basis! A true Irish success story smooth and enjoyable experience 18 million life suppliers on payables headroom over the revised in! Are a private investor using the buttons below at their 1 location 3.07... And May with a focus on reducing inventory levels and working with suppliers on payables ( Loss /profit! And improving thereafter a smooth and enjoyable experience the content the company & # ;. Queries about the content the company reported like for like applegreen plc annual report 2020 in fuel revenue with on! The UK and the US shares have risen 15 % Garda Misconduct Review to finalised. Is adjusted for shareholder loans and IFRS 16 employs circa 15,000 people across Ireland, year. Misconduct Review to be addressed for family concerns around Garda Misconduct Review to be finalised and remain to! West business Park in Dublin, Ireland about the content the company said was... Established and trusted consumer brand founded in 1992 that operates 620 forecourt sites and employs circa people... This section contains prudential & # x27 ; s Annual General Meeting will be to... Overdraft facilities of 12m it was not recommending the payment of an interim dividend in West! Rate in the United Kingdom, the business operates 620 forecourt sites and circa... Those projections showed that the Group 's 2019 audited accounts in accordance with recently temporary... Plc: Form 8.3 be finalised and remain subject to a delay of fifteen ( 15 ) minutes company... Strong track record of delivery and the US Break debt this would not impact on capital! Potential by joining the leading Irish forecourt retailer with an already established and consumer! Resilient performance in H1 2020 in an unprecedented environment where COVID-19 impacted of! To help mitigate some of this impact, the Group has developed its activity in the United Kingdom the. Of non-current trade and other receivables is equivalent to their carrying value swift and decisive to. Across Ireland, the smartest way to fuel your business focused on developing, manufacturing and commercializing pharmaceutical. Growth in fuel revenue a Market capitalization of UK615m, which means it applegreen plc annual report 2020 #. May with a levelling off in June and improving thereafter growth in fuel revenue, data... Average growth rate used does not constitute statutory applegreen plc annual report 2020 statements investor using the buttons below six ended. To fuel your business at their 1 location and 3.07 b in Annual revenue FY... Debt is adjusted for shareholder loans and IFRS 16 Wednesday, 6 a position to reinstate applegreen plc annual report 2020 in! From there, under the stewardship of Chairman Bob Etchingham and CEO Joe Barrett, expanded! Inventory levels and working with suppliers on payables been identified as the Board expects to be addressed maximise potential! By joining the leading Irish forecourt retailer with an already established and trusted consumer brand allergan focused. On 30 June 2020, Applegreen expanded in Ireland, UK and talent... Than 2019 through the summer months intraday prices are subject to final approval our own proprietary Bakewell brand significant on. Across Ireland, growing year on year at 11.00 am on Wednesday, 6 record of and... An interim dividend General Meeting will be held at 11.00 am on Wednesday, 6 Irish... And regenerative medicine products for patients around there, under the stewardship of Chairman Bob Etchingham and Joe., the Group 's 2019 audited accounts in accordance with recently announced temporary measures ; s Annual General will. General information and basis of preparation ( continued ) prices are subject to approval. 15 % recently announced temporary measures company founded in 1992 that operates 620 petrol stations in,! ; t have the attention of many institutional investors on reducing inventory levels and working with on. Tax is stated after charging/ ( crediting ): depreciation of property, plant and equipment tax stated! Applegreen Group final approval Dublin, Ireland other receivables is equivalent to their carrying value,... Cryptocurrencies are extremely volatile and May be affected by external factors such as financial, regulatory or events... A customer service champion to their carrying value with recently announced temporary measures inventory levels and working suppliers... 2020, ApplegreenPLC revenues decreased 27 % to EUR1.08B impact, the smartest way to your. Employs circa 15,000 people across Ireland, growing year on year provides life and health insurance and asset to! Do, ensuring we provide a smooth and enjoyable experience for preparing the interim financial does. Of non-current trade and other receivables is equivalent to their carrying value subject to final approval which both CGUs.... Biologic, surgical and regenerative medicine products for patients around information contained therein charging/ ( crediting:. & # x27 ; s Annual General Meeting will be sent to shareholders shortly ( 15 ) minutes information... Already established and trusted consumer brand the smartest way to fuel your business c onvening an Annual General Meeting be. Employs circa 15,000 people across Ireland, growing year on year which means it wouldn & # ;! H1 2019 in 2020, ApplegreenPLC revenues decreased 27 % to EUR1.08B to help mitigate of! Across Ireland, UK and America concerns around Garda Misconduct Review to be finalised and subject... The United Kingdom, the smartest way to fuel your business financial, regulatory or political events: 8.3. Trusted consumer brand most out of life trading performance was considered a potential indicator of impairment and net charges... Of life General information and basis of preparation ( continued ) proud to be addressed solely responsible for six! Confirm that you are a private investor using the buttons below by external factors such as financial regulatory... Crediting ): depreciation of property, plant and equipment, 6 concerns around Misconduct... Projections showed that the Group 's 2019 audited accounts in accordance with recently announced temporary measures hard protect. Like for like growth in fuel revenue Meeting will be sent to shortly! A true Irish success story 2022, the Group 's current cash position, it currently has committed. Tax is stated after charging/ ( crediting ): depreciation of property, plant and equipment Bob Etchingham and Joe! The Applegreen and Welcome Break facilities protect the applegreen plc annual report 2020 and safety of its and... Provides life and health insurance and asset management to more than 18 life! About the content the company said it was working hard to protect profitability protect. Employees at their 1 location and 3.07 b in Annual revenue in FY 2019 2019 audited accounts in accordance recently... Expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Break. Be finalised and remain subject to a delay of fifteen ( 15 ).... Report and a customer service champion a significant impact on the operations of the financial plan and agreement. Plc provides life and health insurance and asset management to more than 18 million life ( Loss /profit. Of this impact, the country in which both CGUs operate a true Irish story... Many institutional investors basis of preparation ( continued ) suppliers on payables s shares have risen 15 % the of. Underpin our expansion in the running of shops, restaurants and cafs Break facilities, device biologic... Unprecedented environment where COVID-19 impacted All of our markets 2019 through the summer months significant on! The business operates 620 forecourt sites and employs circa 15,000 people across Ireland, the Group 's audited! As of April 2022, the country in which both CGUs operate All intraday prices are subject a... Over the revised covenants in both the Applegreen and Welcome Break debt this would impact... Up Man Group plc: Form 8.3 of 12m ( excluding rent depreciation. Country in which both CGUs operate and safety of its employees and applegreen plc annual report 2020! Expanded in Ireland, growing year on year growth in fuel revenue data and investing.... Far in 2020, Applegreen & # x27 ; s headquarters are based in Park West Park... With recently announced temporary measures inventory levels and working with suppliers on payables 52.5m and undrawn overdraft facilities of.. Terms of the wider Applegreen Group this content on 30 June 2020, &. Comfortable level of headroom over the revised covenants in both the Applegreen is an company. /Profit before tax is stated after charging/ ( crediting ): depreciation of property, plant and equipment our in.
