For the year ended 31 December 2006
| Year ended 31 December 2006 | Year ended 31 December 2005 | |||||||
| Results excluding exceptional items and specific IAS 39 mark to market movements | Exceptional items and specific IAS 39 mark to market movements |
Results for the year | Results excluding exceptional items and specific IAS 39 mark to market movements (Re-presented(i)) |
Exceptional items and specific IAS 39 mark to market movements (Re-presented(i)) |
Results for the year | |||
|---|---|---|---|---|---|---|---|---|
| Note | £m | £m | £m | £m | £m | £m | ||
| 2 | Revenue: Group and share of joint ventures and associates | 3,645 | 138 | 3,783 | 2,980 | (44) | 2,936 | |
| 15 | Less: share of joint ventures' revenue | (373) | (6) | (379) | (306) | (3) | (309) | |
| 15 | Less: share of associates' revenue | (820) | – | (820) | (694) | – | (694) | |
| 2 | Group revenue | 2,452 | 132 | 2,584 | 1,980 | (47) | 1,933 | |
| 8 | Cost of sales | (1,807) | (32) | (1,839) | (1,570) | 57 | (1,513) | |
| Gross profit | 645 | 100 | 745 | 410 | 10 | 420 | ||
| 3/8 | Other operating income | 83 | 19 | 102 | 64 | 58 | 122 | |
| 3/8 | Other operating expenses | (163) | – | (163) | (129) | – | (129) | |
| 2/15 | Share of results of joint ventures and associates | 208 | 6 | 214 | 191 | 7 | 198 | |
| Profit from operations | 773 | 125 | 898 | 536 | 75 | 611 | ||
| 8 | Disposal of investments | – | – | – | – | 10 | 10 | |
| 4 | Finance income | 53 | – | 53 | 53 | – | 53 | |
| 5/8 | Finance expenses | (301) | (26) | (327) | (255) | – | (255) | |
| Net finance costs | (248) | (26) | (274) | (202) | – | (202) | ||
| Profit before tax | 525 | 99 | 624 | 334 | 85 | 419 | ||
| 8/9 | Income tax expense | (122) | (25) | (147) | (68) | (21) | (89) | |
| 3 | Profit for the year | 403 | 74 | 477 | 266 | 64 | 330 | |
Attributable to: |
||||||||
| Minority interests | 71 | (4) | 67 | 52 | (7) | 45 | ||
| Equity holders of the parent | 332 | 78 | 410 | 214 | 71 | 285 | ||
| 11 | Earnings per share: | |||||||
| Basic | 22.4p | 27.6p | 14.6p | 19.4p | ||||
| Diluted | 21.3p | 26.2p | 14.0p | 18.5p | ||||
(i) The Group separately presents certain items as exceptional. These are items which, in the judgement of the Directors, need to be disclosed separately by virtue of their size or incidence in order for the reader to obtain a proper understanding of the financial information. In addition, in order to assist the reader to understand the underlying business performance, the Group separately discloses within the income statement specific IAS 39 mark to market movements. The 2005 comparatives are re-presented on the same basis (refer notes 1 and 8).
