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Group Income Statement

For the year ended 31 December 2011

Notes

2011
£ million

2010
£ million

Revenue

4

1,396.1

1,229.9

Cost of sales

 

(576.7)

(477.7)

Gross profit

819.4

752.2

Distribution costs

(313.9)

(291.8)

Administrative expenses

(167.7)

(148.6)

Other income

2

4.6

2.7

Operating profit

4

342.4

314.5

Net finance costs

– Finance cost

8

(19.7)

(10.6)

– Finance income

8

1.0

0.5

Profit before taxation

5

323.7

304.4

Taxation

9

(92.2)

(91.3)

Taxation – exceptional

9

28.6

   

(63.6)

(91.3)

Profit for the year – pre-exceptional items

 

231.5

213.1

Profit for the year – post-exceptional items

 

260.1

213.1

The above results relate to continuing operations and all profit for the period is attributable to equity shareholders of the Company.

Basic earnings per share (pence)

Pre-exceptional items

11

87.14

79.37

Post-exceptional items

11

97.91

79.37

Diluted earnings per share (pence)

Pre-exceptional items

11

86.76

78.98

Post-exceptional items

11

97.49

78.98