3. Profit for the year

2008
£’000		 2007
£’000
Profit for the year is stated after charging/(crediting):    
Employment costs (Note 4) 308,421 224,743
Exchange gains* (4,766) (240)
Depreciation of property, plant and equipment - owned 9,144 6,726
Amortisation of computer software 1,173 934
Fees payable to the company’ sauditors for the audit of the company’s annual accounts 65 69
Fees payable to the company’ sauditors and their associates for other services to the group:    
  - The audit of the company’s subsidiaries pursuant to legislation 459 477
Total audit fees 524 546
  - Other services pursuant to legislation 32 26
- Tax services 110 162
- Other services 20 10
Total non-audit fees 162 198
Total fees 686 744
Loss on disposal of property, plant and equipment, and computer software 596 91
Operating lease rentals - land and buildings 20,198 16,416
- plant and machinery 4,294 3,774

*This includes £987k (2007: £502k) of gains on foreign exchange swaps that economically hedge the fair value of loans with subsidiaries, but for which hedge accounting was not applied. This comprises a gain of £1,040k (2007: £738k), which is directly offset by foreign exchange losses on the underlying intercompany loans, with an offsetting £53k (2007: £236k) charge relating to interest differentials.