| |
2011
£m |
2010
Restated
£m |
| Turnover from continuing operations |
11,854.7 |
10,047.4 |
| |
|
|
| Revenue from continuing operations |
1,135.0 |
941.0 |
| Cost of sales |
(27.4) |
(24.3) |
| Gross profit from continuing operations |
1,107.6 |
916.7 |
| Operating expenses |
(961.8) |
(850.8) |
| Operating profit from continuing operations |
145.8 |
65.9 |
| Share of results of associates |
2.0 |
3.5 |
| Profit from continuing operations before interest and tax |
147.8 |
69.4 |
| Investment income |
6.3 |
6.1 |
| Finance costs |
(47.7) |
(42.0) |
| Net finance costs |
(41.4) |
(35.9) |
| Profit from continuing operations before tax |
106.4 |
33.5 |
| Tax |
(25.3) |
(13.5) |
| Profit for the period from continuing operations |
81.1 |
20.0 |
| |
|
|
| Discontinued operations |
|
|
| (Loss) / profit for the period from discontinued operations |
(4.0) |
23.0 |
| Gain on disposal of discontinued operations after tax |
88.2 |
– |
| Profit for the financial year |
165.3 |
43.0 |
| |
|
|
| Attributable to: |
|
|
| Equity holders of the parent |
164.1 |
41.2 |
| Non-controlling interests |
1.2 |
1.8 |
| |
165.3 |
43.0 |
| |
|
|
| Earnings per ordinary share: |
|
|
| Basic from continuing operations (pence) |
6.5 |
1.6 |
| Diluted from continuing operations (pence) |
6.5 |
1.6 |
| Basic on profit for the financial year (pence) |
13.4 |
3.6 |
| Diluted on profit for the financial year (pence) |
13.0 |
3.6 |
| |
|
|
| Dividend per ordinary share (pence) |
20.28 |
2.75 |
| |
|
|
| Underlying results:* |
|
|
| Underlying operating profit from continuing operations |
197.4 |
151.1 |
| Underlying profit before tax from continuing operations |
161.8 |
122.3 |
| Underlying operating profit from all operations |
200.7 |
192.2 |
| Underlying profit before tax from all operations |
164.6 |
162.4 |
| |
|
|
| Underlying earnings per ordinary share:* |
|
|
| Basic from continuing operations (pence) |
10.3 |
7.8 |
| Diluted from continuing operations (pence) |
10.1 |
7.8 |
| Basic on profit for the financial year (pence) |
10.2 |
10.3 |
| Diluted on profit for the financial year (pence) |
10.0 |
10.1 |
* 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.