Consolidated Income Statement

For the year ended 31 December 2005

 

2005

 
  Significant items (1)   
  Notes Before
significant
items
£m		 Amortisation
of
acquired
intangibles
and
Other
financial
expense
items
£m		 Restructuring
costs
and
Property
profits
£m		 Total
£m
Revenue 3          
Continuing operations   193.2     193.2  
Acquisitions   1.7     1.7  
    194.9      194.9   
Cost of sales 4 (115.6)     (115.6)  
Gross profit    79.3      79.3   
Other operating income 5 - - 0.3 0.3  
Operating expenses 4 (59.3) (0.2) (0.9) (60.4)  
Operating profit 3 / 6          
Continuing operations   19.8 - (0.6) 19.2  
Acquisitions   0.2 (0.2) - -  
    20.0  (0.2)  (0.6)  19.2   
Interest payable on bank borrowings (1.5)     (1.5)  
Interest income   0.2     0.2  
Pension scheme:            
Interest charge   (2.0)     (2.0)  
Expected return on assets   2.2     2.2  
Other financial expense   (0.5) (0.5) - (1.0)  
Net financial expense 9 (1.6) (0.5) - (2.1)  
Profit before tax    18.4  (0.7)  (0.6)  17.1   
Overseas taxation 11 (7.7) - - (7.7)  
Profit from continuing operations   10.7 (0.7) (0.6) 9.4  
Profit from discontinued operation 3 0.4     0.4  
Profit for the year (attributable to Equity Shareholders)   11.1 (0.7) (0.6) 9.8  
 

2004

 
  Significant items (1)   
  Notes Before
significant
items
£m		 Goodwill
impairment,
negative
goodwill
and Other
financial
expense items
£m		 Restructuring
costs
and
Property
profits
£m		 Total
£m
Revenue 3          
Continuing operations   185.4     185.4  
Acquisitions   -     -  
    185.4      185.4   
Cost of sales 4 (108.9)     (108.9)  
Gross profit    76.5      76.5   
Other operating income 5 - - - -  
Operating expenses 4 (58.7) (0.1) (2.1) (60.9)  
Operating profit 3 / 6          
Continuing operations   17.8 (0.1) (2.1) 15.6  
Acquisitions     - - -  
    17.8  (0.1)  (2.1)  15.6   
Interest payable on bank borrowings (1.7)     (1.7)  
Interest income   0.1     0.1  
Pension scheme:            
Interest charge   (1.1)     (1.1)  
Expected return on assets   1.4     1.4  
Other financial expense   - (0.1) - (0.1)  
Net financial expense 9 (1.3) (0.1) - (1.4)  
Profit before tax    16.5  (0.2)  (2.1)  14.2   
Overseas taxation 11 (7.4) - 0.9 (6.5)  
Profit from continuing operations   9.1 (0.2) (1.2) 7.7  
Profit from discontinued operation 3 -     -  
Profit for the year (attributable to Equity Shareholders)   9.1 (0.2) (1.2) 7.7  
Earnings per share 2005 2004
Continuing operations:    
Basic earnings per share 22.9p 18.8p
Diluted earnings per share 22.7p 18.7p
Discontinued operation:    
Basic earnings per share 1.0p nil p
Diluted earnings per share 1.0p nil p
Total:    
Basic earnings per share (see note 12) 23.9p 18.8p
Diluted earnings per share (see note 12) 23.7p 18.7p

(1) See Note 5.

As more fully explained in Note 25, financial instrument accounting is determined on different bases in 2005 and 2004 due to the transitional provisions of IFRS 1.

Information correct at 02/05/2006