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Operating profit/(loss)
12 Months Ended
Dec. 31, 2019
Analysis of income and expense [abstract]  
Operating profit/(loss)
Operating profit
Operating profit is stated after charging:
 
 
 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
Year ended December 31, 2017
 
Note
 
€m
 
€m
 
€m
Staff costs
8
 
308.6

 
299.7

 
257.4

Depreciation of property, plant and equipment (1)
12
 
59.7

 
39.3

 
35.9

Impairment of property, plant and equipment
12
 
0.1

 

 
0.3

Amortization of software and brands
13
 
8.6

 
7.0

 
6.5

Operating lease charges(1)
 
 
4.5

 
18.5

 
15.0

Exchange (gains)/losses
 
 
(14.6
)
 
2.9

 
(1.2
)
Research & development expenditure
 
 
18.9

 
15.5

 
15.4

Inventories recognized as an expense within cost of goods sold
 
 
1,536.0

 
1,410.0

 
1,273.3


(1) As a result of the adoption of IFRS 16 Leases on January 1, 2019, which is explained in Note 2, the majority of leases have been capitalized and are being depreciated. Expenses relating to leases that are not capitalized continue to be shown within Operating Profit.