3i Group plc
Report and accounts 2006

Consolidated income statement

Consolidated income statement for the year to 31 March 2006
	Notes	2006 £m	2005 (as restated)* £m
Realised profits over value on the disposal of investments	2	576	250
Unrealised profits on the revaluation of investments	3	245	245
Total		821	495
Portfolio income
Dividends		75	104
Income from loans and receivables		133	101
Fees receivable	4	24	27
Gross portfolio return		1,053	727
Carried interest
Carried interest receivable from managed funds	5	79	2
Carried interest payable to executives	5	(64)	(66)
Fund management fees		24	30
Operating expenses	6, 7, 8	(211)	(177)
Net portfolio return		881	516
Treasury interest receivable	10	55	46
Interest payable	10	(72)	(88)
Movements in the fair value of derivatives	11	(78)	13
Exchange movements	12	47	13
Other income	13	22	1
Profit before tax		855	501
Income taxes	14	(3)	(3)
Profit after tax and profit for the year		852	498

Earnings per share
Basic (pence)	31	152.0	82.6
Diluted (pence)	31	147.3	81.0

* As restated for the adoption of IFRS.

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