Consolidated income statement

Year ended 31 March 2009

                2009           2008
    Note   Before
exceptional
items
£m		   Exceptional
items
£m		   Total
£m		   Before
exceptional
items
£m		   Exceptional
items
£m		   Total
£m
Group revenue from continuing operations   1   1,674.6   –   1,674.6   1,569.7   –   1,569.7
Operating costs   2,3,4   (1,559.8)   24.0   (1,583.8)   (1,480.8)   (27.8)   (1,508.6)
Other Income   3   4.3   –   4.3   6.6   6.7   13.3
Profit on operations from continuing operations   1   92.1   (24.0)   68.1   95.5   (21.1)   74.4
Finance costs   5   (29.5)   –   (29.5)   (26.2)   –   (26.2)
Other finance income – pensions   5   6.9   –   6.9   10.1   –   10.1
Share of joint ventures’ net profit   15   7.3   –   7.3   7.7   –   7.7
Profit on disposal of joint venture   4   –   50.4   50.4   –   –   –
Profit from continuing operations before tax       76.8   26.4   103.2   87.1   (21.1)   66.0
Tax expense   6   (18.5)   (10.4)   (28.9)   (17.7)   5.2   (12.5)
Group profit for the year from continuing operations       58.3   16.0   74.3   69.4   (15.9)   53.5
Profit for the year from discontinued operations   8   –   –   –   –   1.2   1.2
Group profit for the year       58.3   16.0   74.3   69.4   (14.7)   54.7
                           
Profit attributable to equity shareholders       58.3   17.1   75.4   69.1   (14.7)   54.4
Profit attributable to minority interests       –   (1.1)   (1.1)   0.3   –   0.3
Group profit for the year       58.3   16.0   74.3   69.4   (14.7)   54.7

 

    2009 2008 (Restated)*
Earnings per share – continuing operations    
Basic earnings per share from continuing operations (p) 9 56.8 40.2
Diluted earnings per share from continuing operations (p) 9 56.3 39.9
Adjusted basic earnings per share from continuing operations (p)* 9 45.0 51.7
Adjusted diluted earnings per share from continuing operations (p)* 9 44.6 51.3
Earnings per share      
Basic earnings per share on profit for the year (p) 9 56.8 41.1
Diluted earnings per share on profit for the year (p) 9 56.3 40.8
    2009 2008
Dividends    
Basic earnings per share from continuing operations (p) 7 17.3 22.9
Diluted earnings per share from continuing operations (p) 7 9.4 9.4
Adjusted basic earnings per share from continuing operations (p)* 7 13.0 17.3
Adjusted diluted earnings per share from continuing operations (p)* 7 7.1 7.1

 

* Adjusted earnings per share calculations are based on continuing operations and exclude exceptional items, amortisation of acquired intangibles and the pension interest in relation to the defined benefit pension schemes. Previously, adjusted earnings per share calculations did not exclude pension interest, however this number is dependent upon the pension valuation at 31 March each year and assumptions based on financial market conditions on that date and therefore excluding it gives a better indication of the underlying operational performance of the Group. Comparative numbers have been restated accordingly (see Note 9).

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