FFIINANNANCCIALIAL S STTAATTEEMMEENNTTSS NOTES TO THE FINANCIAL STATEMENTS CONTINUED S 4 OPERATING LOSS TR The Group’s operating loss is stated after charging/(crediting): A TE 2023 2022 G I £m £m C Depreciation of property, plant and equipment (note 14) 91.2 80.7 R E P Depreciation absorbed into inventory under standard costing (0.9) (2.9) O R Loss on sale/scrap of property, plant and equipment 2.6 – T Depreciation of right-of-use lease assets (note 16) 9.3 11.0 Amortisation of intangible assets (note 12) 280.4 227.4 G Amortisation released from/(absorbed into) inventory under standard costing 3.0 (8.1) O VE Depreciation, amortisation and impairment charges included in administrative and other operating expenses 385.6 308.1 R NAN (Decrease)/increase in trade receivable loss allowance – administrative and other operating expenses (note 23) (1.3) 0.6 C Research and development expenditure tax credit (23.8) (18.4) E Net foreign currency differences 0.3 8.7 F Cost of inventories recognised as an expense 844.0 798.0 I Write-down of inventories to net realisable value 24.2 8.9 NAN C Increase in fair value of other derivative contracts (11.2) (2.3) IAL Lease payments (gross of sub-lease receipts) S Plant, machinery and IT equipment* 0.3 0.7 T A T Sub-lease receipts Land and buildings (0.4) (0.6) E M Auditor’s remuneration: E N T Audit of these Financial Statements 0.3 0.3 S Audit of Financial Statements of subsidiaries pursuant to legislation 0.5 0.4 Audit-related assurance 0.1 0.1 F U Services related to corporate finance transactions – 0.2 R T Research and development expenditure recognised as an expense 30.7 14.1 H E R * Election taken by the Group to not recognise right-of-use lease assets and equivalent lease liabilities for short-term and low-value leases. INF 2023 2022 OR £m £m M A Total research and development expenditure 299.2 246.1 T I Capitalised research and development expenditure (note 12) (268.5) (232.0) ON Research and development expenditure recognised as an expense 30.7 14.1 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 158