Consolidated income statement
For the year ended 31 December 2010
| Notes | 2010 £m |
2009 £m |
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|---|---|---|---|---|---|
| Turnover | 10,565.8 | 9,684.6 | |||
| Revenue | 4 | 1,459.4 | 1,346.5 | ||
| Cost of sales | (221.9) | (199.5) | |||
| Gross profit | 1,237.5 | 1,147.0 | |||
| Operating expenses | (1,136.0) | (1,032.4) | |||
| Operating profit | 4 | 101.5 | 114.6 | ||
| Share of results of associates | 3.5 | 0.2 | |||
| Profit before interest and tax | 105.0 | 114.8 | |||
| Investment income | 7 | 6.6 | 7.9 | ||
| Finance costs | 8 | (43.6) | (31.5) | ||
| Net finance costs | (37.0) | (23.6) | |||
| Profit before tax | 68.0 | 91.2 | |||
| Tax | 9 | (25.0) | (27.0) | ||
| Profit for the financial year | 43.0 | 64.2 | |||
| Attributable to: | |||||
| Equity holders of the parent | 41.2 | 62.7 | |||
| Non-controlling interests | 1.8 | 1.5 | |||
| 43.0 | 64.2 | ||||
| Earnings per ordinary share | |||||
| Basic (pence) | 11 | 3.6 | 5.5 | ||
| Diluted (pence) | 11 | 3.6 | 5.5 | ||
| Dividend per ordinary share (pence) | 10 | 2.75 | 2.50 | ||
| Underlying results:* | |||||
| Underlying operating profit | 4 | 192.2 | 170.3 | ||
| Underlying profit before tax | 4 | 162.4 | 150.4 | ||
| Underlying earnings per ordinary share:* | |||||
| Basic (pence) | 11 | 10.3 | 9.6 | ||
| Diluted (pence) | 11 | 10.1 | 9.6 | ||
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| * | The basis for calculating the Group’s underlying results and underlying earnings per share is set out in note 2. |
The accompanying notes form an integrated part of the consolidated financial statements.
Underlying profit before tax and underlying earnings per ordinary share are restated for prior year following a change in determining underlying finance costs, which now exclude imputed interest on deferred consideration. The restatement does not impact statutory results or underlying operating profit.