For the year ended 31 December 2010
| Note | 2010 £m |
2009 £m |
|
|---|---|---|---|
| Continuing operations | |||
| 3 | Revenue | 1,719.6 | 1,659.2 |
| Cost of sales | (1,188.5) | (1,206.5) | |
| Gross profit | 531.1 | 452.7 | |
| Selling and distribution costs | (206.3) | (191.6) | |
| Administrative expenses | (186.4) | (165.1) | |
| 3 | Operating profit | 138.4 | 96.0 |
 |
|||
|
Analysed as: | |
|
| 3 | Adjusted operating profit | 145.9 | 125.6 |
| Acquisition costs | (0.2) | (0.3) | |
| Amortisation and impairment of acquired intangibles and goodwill | (5.8) | (2.5) | |
5 |
Exceptional items – restructuring – loss on disposal of business – post retirement benefits curtailment gain |
(9.9) - 8.4 |
(26.3) (0.5) - |
|
|
138.4 | 96.0 |
|
|||
| 4 | Net financing charge – retirement benefit obligations | (4.1) | (7.7) |
| 4 | Other financing charge before losses on retranslation of intercompany loan balances | (5.0) | (7.6) |
| 4 | Other financing income before gains on retranslation of intercompany loan balances | 3.5 | 4.5 |
| 4 | Net gains on retranslation of intercompany loan balances | 7.5 | 4.0 |
| 4 | Net financing credit/(charge) | 1.9 | (6.8) |
| 3 | Share of post tax profits of associates and joint ventures | 3.8 | 3.5 |
|
|||
| Profit before tax | 144.1 | 92.7 | |
| 6 | Taxation charge on underlying profits | (25.3) | (22.7) |
| 6 | Taxation on exceptional items and acquisition costs | (1.5) | 4.2 |
| 6 | Taxation on amortisation and impairment of acquired intangibles and goodwill | 1.2 | 0.7 |
| 6 | Taxation on net financing charge - retirement benefit obligations | 0.9 | 1.1 |
| 6 | Taxation on net gains on retranslation of intercompany loan balances | (0.5) | (1.2) |
| 6 | Taxation charge | (25.2) | (17.9) |
| Profit for the year | 118.9 | 74.8 | |
|
|||
| Attributable to: | |||
| – Equity shareholders | 106.6 | 63.5 | |
| – Non-controlling interests | 12.3 | 11.3 | |
|
118.9 | 74.8 | |
|
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| 7 | Earnings per share | ||
| Basic | 63.9p | 38.1p | |
| Diluted | 63.7p | 37.9p | |
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