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Annual Review 2007

  2007
£ million
2006
£ million
Sales 9,917  9,704  
Excise duties (2,436) (2,444)
Net sales 7,481   7,260  
Operating expenses (5,322) (5,216)
Operating profit 2,159   2,044  
Sale of General Mills and other businesses (1) 157  
Net finance charges (212) (186)
Share of associates' profits after tax 149   131  
Profit before taxation 2,095   2,146  
Taxation (678) (181)
Profit from continuing operations 1,417   1,965  
Discontinued operations 139   -
Profit for the year 1,556   1,965  
 
Attributable to:    
Equity shareholders of the parent company 1,489   1,908  
Minority interests 67   57  
  1,556   1,965  
 
Basic earnings per share 55.4p 67.2p

Directors' emoluments for the year amounted to £5,280,000 (2006 - £4,910,000).Details are set out in the summary directors' remuneration report.