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Annual Review 2007

2007
£ million
2006
£ million
2005
£ million
Income statement
Sales 9,917  9,704  8,968 
Operating profit 2,159  2,044  1,731 
Sale of General Mills and other businesses (1) 157  214 
Net finance charges (212) (186) (141)
Share of associates' profits after tax 149  131  121 
Taxation (678) (181) (599)
Profit for the year
Profit from continuing operations 1,417  1,965  1,326 
Discontinued operations 139  73 
Total profit for the year 1,556  1,965  1,399 
Basic earnings per share 55.4p 67.2p 45.2p
Diluted earnings per share 55.0p 66.9p 45.2p
Balance sheet
Non-current assets 8,769  9,090  9,188 
Net current assets 988  1,502  1,127 
Total assets 13,956  13,927  13,921 
Net borrowings 4,845  4,082  3,706 
Shareholders' equity 3,972  4,502  4,459 

*Included in balance sheet amounts as at 30 June 2005 are certain financial instruments recorded in accordance with previous UK GAAP accounting policies.