Consolidated Income Statement
For the short period 1 April 2006 to 3 March 2007
| |
|
|
Short
period to 3 March 2007 |
|
Year to
31 March 2006 |
| |
Notes |
|
Before
exceptional
items
£m |
|
Exceptional
items
£m |
|
2007
£m |
|
Before
exceptional
items
£m |
|
Exceptional
items
£m |
|
2006
£m |
| Revenue |
5,6 |
|
5,606.7 |
|
– |
|
5,606.7 |
|
5,548.0 |
|
– |
|
5,548.0 |
| Cost of sales |
|
|
(3,680.5) |
|
– |
|
(3,680.5) |
|
(3,686.5) |
|
– |
|
(3,686.5) |
| Gross profit |
|
|
1,926.2 |
|
– |
|
1,926.2 |
|
1,861.5 |
|
– |
|
1,861.5 |
| Net operating expenses |
8,10 |
|
(1,598.3) |
|
(22.7) |
|
(1,621.0) |
|
(1,515.5) |
|
(24.7) |
|
(1,540.2) |
| Operating profit |
5 |
|
327.9 |
|
(22.7) |
|
305.2 |
|
346.0 |
|
(24.7) |
|
321.3 |
| – Finance income |
|
|
55.5 |
|
6.9 |
|
62.4 |
|
45.7 |
|
– |
|
45.7 |
| – Finance expense |
|
|
(71.4) |
|
– |
|
(71.4) |
|
(90.4) |
|
– |
|
(90.4) |
| Net financing costs |
10,11 |
|
(15.9) |
|
6.9 |
|
(9.0) |
|
(44.7) |
|
– |
|
(44.7) |
| Share of post-tax profit/(losses) of joint ventures and associates |
18 |
|
0.7 |
|
– |
|
0.7 |
|
(4.2) |
|
– |
|
(4.2) |
| Profit before tax |
|
|
312.7 |
|
(15.8) |
|
296.9 |
|
297.1 |
|
(24.7) |
|
272.4 |
| Taxation |
12 |
|
(104.2) |
|
(5.3) |
|
(109.5) |
|
(103.4) |
|
7.4 |
|
(96.0) |
| Profit for the period
attributable
to equity shareholders |
|
|
208.5 |
|
(21.1) |
|
187.4 |
|
193.7 |
|
(17.3) |
|
176.4 |
| Earnings per share |
|
|
|
|
|
|
pence |
|
|
|
|
|
pence |
| – Basic |
14 |
|
|
|
|
|
21.6 |
|
|
|
|
|
20.3 |
| – Diluted |
14 |
|
|
|
|
|
21.4 |
|
|
|
|
|
20.1 |
Non-GAAP
Measures |
Notes |
|
Short period
to
3 March
2007
£m |
|
Year to
31 March
2006
£m |
| Reconciliation of profit before tax
(PBT) to benchmark PBT |
|
|
|
|
|
| Profit before tax |
|
|
296.9 |
|
272.4 |
| Effect of exceptional items |
10 |
|
15.8 |
|
24.7 |
| Effect of financing fair value remeasurements |
11 |
|
0.1 |
|
2.0 |
| Financing impact on retirement benefit balances |
11 |
|
(12.1) |
|
(2.6) |
| Effect of demerger incentive schemes |
30 |
|
5.8 |
|
– |
| Benchmark PBT |
|
|
306.5 |
|
296.5 |
| Benchmark earnings per share |
|
|
pence |
|
pence |
| – Basic |
14 |
|
23.7 |
|
22.2 |
| – Diluted |
14 |
|
23.5 |
|
22.1 |
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