Short
period to
3.3.07
£m |
|
|
Notes |
|
26 weeks to
1.9.07
£m |
|
Six months to
30.9.06
£m |
| |
|
|
|
|
|
|
|
| 5,606.7 |
|
Revenue |
4 |
|
2,736.5 |
|
2,819.9 |
| (3,680.5) |
|
Cost of sales |
|
|
(1,770.3) |
|
(1,851.2) |
| 1,926.2 |
|
Gross profit |
|
|
966.2 |
|
968.7 |
| |
|
|
|
|
|
|
|
| (1,598.3) |
|
Net operating expenses before exceptional items |
|
|
(836.0) |
|
(861.8) |
| (22.7) |
|
Exceptional items |
5 |
|
20.2 |
|
(16.4) |
| (1,621.0) |
|
Net operating expenses |
|
|
(815.8) |
|
(878.2) |
| 305.2 |
|
Operating profit |
4 |
|
150.4 |
|
90.5 |
| |
|
|
|
|
|
|
|
| 55.5 |
|
- Finance income |
|
|
30.3 |
|
30.3 |
| (71.4) |
|
- Finance expense |
|
|
(11.1) |
|
(61.1) |
| (15.9) |
|
Net financing income/(costs) before exceptional items |
|
|
19.2 |
|
(30.8) |
| 6.9 |
|
Exceptional finance income |
5 |
|
- |
|
- |
| (9.0) |
|
Net financing income/(costs) |
6 |
|
19.2 |
|
(30.8) |
| 0.7 |
|
Share of post-tax results of joint ventures and associates
|
|
|
(0.3) |
|
- |
| 296.9 |
|
Profit before tax |
|
|
169.3 |
|
59.7 |
| |
|
|
|
|
|
|
|
| (109.5) |
|
Taxation |
7 |
|
(54.8) |
|
(25.1) |
| 187.4 |
|
Profit for the period attributable
to equity shareholders |
|
|
114.5 |
|
34.6 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| pence |
|
Earnings per share |
8 |
|
pence |
|
Pence |
| 21.6 |
|
- Basic |
|
|
13.2 |
|
4.0 |
| 21.4 |
|
- Diluted |
|
|
13.1 |
|
3.9 |
| |
|
|
|
|
|
|
|
| 13.0 |
|
Proposed dividend per share |
9 |
|
4.7 |
|
4.0 |
| |
|
|
|
|
|
|
|
| All activities relate to continuing operations |
| |
|
|
|
|
|
|
|
Short
period to
3.3.07
£m |
|
Non-GAAP Measures
Reconciliation of profit before tax to benchmark profit before
tax ('PBT') |
|
|
26 weeks to
1.9.07
£m |
|
Six months to
30.9.06
£m |
| |
|
|
|
|
|
|
|
| 296.9 |
|
Profit before tax |
|
|
169.3 |
|
59.7 |
| |
|
|
|
|
|
|
|
| 15.8 |
|
Effect of exceptional items |
5 |
|
(20.2) |
|
16.4 |
| 0.1 |
|
Effect of financing fair value remeasurements |
6 |
|
1.2 |
|
0.9 |
| (12.1) |
|
Effect of financing impact on retirement benefit balances |
6 |
|
(6.4) |
|
(6.6) |
| 5.8 |
|
Effect of demerger incentive schemes |
|
|
5.9 |
|
- |
| 306.5 |
|
Benchmark PBT |
|
|
149.8 |
|
70.4 |
| |
|
|
|
|
|
|
|
| pence |
|
Benchmark earnings per share |
8 |
|
pence |
|
pence |
| 23.7 |
|
- Basic |
|
|
11.7 |
|
5.1 |
| 23.5 |
|
- Diluted |
|
|
11.6 |
|
5.1 |
download
report in PDF