For the year ended 31 December 2009
| Note | 2009 £m |
2008 £m |
|
|---|---|---|---|
| Continuing operations | |||
| 2&3 | Revenue | 1,659.2 | 1,887.0 |
| Cost of sales | (1,206.5) | (1,353.2) | |
| Gross profit | 452.7 | 533.8 | |
| Selling and distribution costs | (191.6) | (182.7) | |
| Administrative expenses | (165.1) | (150.1) | |
| 2&4 | Operating profit | 96.0 | 201.0 |
 |
|||
|
Analysed as: | |
|
| |
Operating profit before exceptional items, acquisition costs, amortisation and impairment of acquired intangibles and goodwill | 125.6 | 211.2 |
| Acquisition costs | (0.3) | – | |
| 9 | Amortisation and impairment of acquired intangibles and goodwill | (2.5) | (1.9) |
| Operating profit before exceptional items | 122.8 | 209.3 | |
| Exceptional items – restructuring – loss on disposal of business – change in holding company |
(26.3) (0.5) - |
(6.2) - (2.1) |
|
|
|
96.0 | 201.0 |
|
|||
| 6 | Net financing charge – retirement benefit obligations | (7.7) | (0.7) |
| 6 | Other financing charge before losses on retranslation of intercompany loan balances | (7.6) | (6.8) |
| 6 | Other financing income before gains on retranslation of intercompany loan balances | 4.5 | 5.6 |
| 6 | Net gains/(losses) on retranslation of intercompany loan balances | 4.0 | (4.6) |
| 6 | Net financing charge | (6.8) | (6.5) |
| 2&12 | Share of post-tax profits of associates and joint ventures | 3.5 | 3.2 |
|
|||
| Profit before tax | 92.7 | 197.7 | |
| 7 | Taxation charge on underlying profits | (22.7) | (38.5) |
| 7 | Taxation on exceptional items | 4.2 | 1.5 |
| 7 | Taxation on amortisation and impairment of acquired intangibles and goodwill | 0.7 | 0.4 |
| 7 | Taxation on net financing charge – retirement benefit obligations | 1.1 | - |
| 7 | Taxation on net gains/(losses) on retranslation of intercompany loan balances | (1.2) | (2.4) |
| 7 | Taxation charge | (17.9) | (39.0) |
| Profit for the year | 74.8 | 158.7 | |
|
|||
| Attributable to: | |||
| – Equity shareholders | 63.5 | 150.2 | |
| – Minority interests | 11.3 | 8.5 | |
|
74.8 | 158.7 | |
|
|||
| 9 | Earnings per share | ||
| Basic | 38.1p | 90.1p | |
| Diluted | 37.9p | 90.0p | |
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