"Administrative expenses of #2.8m, which include property costs of #0.8m, are
#0.8m up on the half year to September 04. The change arises from the first
instance of a payout (#0.6m and associated NI) under the rules of the carry
incentive scheme adopted by the company in 2003. This was triggered largely by
the successful cash exit from Pricerunner for #6.5m. In addition to this, an
accrual has been made for another payment under the scheme for the successful
sale of FootFall (#0.3m and associated NI). Away from these carry items,
administrative costs overall were #0.2m lower and rental income was #0.2m
higher, on a like for like basis, than the half year to September 2004."
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