Profit and Loss Account
Download the Group income statement in PDF format (57 KB)
Group income statement
For the year ended 31 December 2007| 2007 | 2006 | ||||||
|---|---|---|---|---|---|---|---|
Notes |
Before exceptional items* £m |
Exceptional items* (Note 8) £m |
Total £m |
Before exceptional items* £m |
Exceptional items* (Note 8) £m |
Total £m |
|
| Continuing operations Revenue including share of joint ventures and associates |
7,488 | - | 7,488 | 5,506 | - | 5,506 | |
| Share of revenue of joint ventures and associates | 16 | (1,022) | - | (1,022) | (1,019) | - | (1,019) |
| Group revenue | 2 | 6,466 | - | 6,466 | 4,487 | - | 4,487 |
| Cost of sales | (5,959) | - | (5,959) | (4,121) | - | (4,121) | |
| Gross profit | 507 | (33) | 474 | 366 | - | 366 | |
| Net operating expenses | |||||||
| – amortisation of intangible assets | - | (9) | (9) | - | (1) | (1) | |
| – other | (381) | (6) | (387) | (286) | (19) | (305) | |
| Group operating profit | 126 | (48) | 78 | 81 | (20) | 61 | |
| Share of results of joint ventures and associates | 16 | 65 | 6 | 71 | 48 | - | 48 |
| Profit from operations | 4 | 191 | (42) | 149 | 128 | (20) | 108 |
| Investment income | 6 | 29 | – | 29 | 26 | – | 26 |
| Finance costs | 7 | (19) | (2) | (21) | (18) | (7) | (25) |
| Profit before taxation | 201 | (44) | 157 | 136 | (27) | 109 | |
| Taxation | 9 | (53) | 65 | 12 | (35) | 1 | (34) |
| Profit for the year from continuing operations | 148 | 21 | 169 | 101 | (26) | 75 | |
| (Loss)/profit for the year from discontinued operations | 10 | 2 | (20) | (18) | 16 | - | 16 |
| Profit for the year attributable to equity shareholders | 117 | (26) | 91 | 102 | 4 | 106 | |
| Notes | 2007 Pence |
2006 Pence |
|
|---|---|---|---|
| Basic earnings per ordinary share | |||
| -continuing operations | 11 | 39.3 | 17.6 |
| -discontinued operations | 11 | (4.2) | 3.6 |
| 35.1 | 21.2 | ||
| Diluted earnings per ordinary share | |||
| -continuing operations | 11 | 39.0 | 17.4 |
| -discontinued operations | 11 | (4.2) | 3.6 |
| 34.8 | 21.0 | ||
| Dividends per ordinary share proposed for the year | 12 | 11.5 | 9.1 |
Group statement of recognised income and expense
For the year ended 31 December 2007| Notes | 2007 £m |
2006 £m |
|
|---|---|---|---|
| Actuarial gains on retirement benefit obligations | 2 | 36 | |
| PFI/PPP cash flow hedges– fair value revaluations | (7) | 32 | |
| – reclassified and reported in net profit | 7 | - | |
| PFI/PPP financial assets – fair value revaluations | (26) | (2) | |
| – reclassified and reported in net profit | (3) | - | |
| Changes in fair value of net investment hedges | (4) | 14 | |
| Currency translation differences | 7 | (17) | |
| Tax on items taken directly to equity | 5 | (26) | |
| Net (expense)/income recognised directly in equity | (19) | 37 | |
| Profit for the year from continuing operations | 169 | 75 | |
| (Loss)/profit for the year from discontinued operations | (18) | 16 | |
| Total recognised income for the year attributable to equity shareholders | 29.1 | 128 | 93 |
The notes to the accounts (PDF, 377 KB) form part of these financial statements.
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