Prewitt & Webster organises its activities into divisions. Head office determines investment policy and makes all capital expenditure decisions. At a divisional level managers control costs, fix selling prices, determine sales strategy and managerial salaries. Marketing, including advertising, is managed at head office.
Division A incurred the following costs and earned the following revenue during the 2009 financial year:
| €000 |
Sales | 1850 |
Sales manager’s salary | 38 |
Other managerial salaries | 126 |
Advertising and promotional expenditure | 46 |
Cost of sales | 1337 |
Depreciation | 196 |
Allocation of head office expenses | 88 |
What was the total of controllable profit for the 2009 financial year for A division (in €000s)?