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Depreciation costs 'itsa'

The restaurant and food retail business operated by  chef Domini Kemp recorded a cash profit last year as margins remained tight.
The itsa brand - established by the food writer and her sister, Peaches, in 1999 - operates 18 outlets across Dublin and Cork, employing 90 full-time staff.
The business includes seven Itsa outlets and new accounts show that accumulated losses at Itsa Bagel rose from €30,162 to €140,925. The €110,763 increase in losses takes account of non-cash depreciation and value write-off costs of €194,058.
 
 

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