Financial Statements

Consolidated Income Statementfor the year to 31 December 2008

Note Before
exceptional
items
2008
£m
Exceptional
items
(note 5)
2008
£m
Total
2008
£m
Before
exceptional
items
(restated)
2007
£m
Exceptional
items
(note 5)
2007
£m
Total
(restated
see note 1)
2007
£m
Continuing operations    
Revenue 3 3,467.7 3,467.7 4,142.8 4,142.8
Cost of sales   (3,138.2) (1,012.8) (4,151.0) (3,443.8) (289.7) (3,733.5)
Gross profit/(loss)   329.5 (1,012.8) (683.3) 699.0 (289.7) 409.3
Net operating expenses 5 (243.2) (871.7) (1,114.9) (263.5) (90.0) (353.5)
Profit/(loss) on ordinary activities before finance costs and amortisation of brands   88.7 (1,780.6) (1,691.9) 439.2 (349.7) 89.5
Amortisation of brands   (2.4) (103.9) (106.3) (3.7) (30.0) (33.7)
Profit/(loss) on ordinary activities before finance costs   86.3 (1,884.5) (1,798.2) 435.5 (379.7) 55.8
Interest receivable   8.5 8.5 9.0 9.0
Finance costs 7 (177.1) (10.5) (187.6) (121.8) (121.8)
Share of results of joint ventures 15 7.6 7.6 23.4 23.4
(Loss)/profit on ordinary activities before taxation   (74.7) (1,895.0) (1,969.7) 346.1 (379.7) (33.6)
Taxation (charge)/credit 8 (23.4) 100.0 76.6 (103.2) (70.2) (173.4)
(Loss)/profit for the year from continuing operations   (98.1) (1,795.0) (1,893.1) 242.9 (449.9) (207.0)
Discontinued operations    
(Loss)/profit for the year from discontinued operations 31 (2.5) 55.6 53.1 10.3 10.3
(Loss)/profit for the year   (100.6) (1,739.4) (1,840.0) 253.2 (449.9) (196.7)
               
Attributable to:              
Equity holders of the parent 28     (1,841.3)     (197.9)
Minority interests       1.3     1.2
        (1,840.0)     (196.7)
               
Note     2008     2007
Interim dividend per ordinary share 9         5.5p
Final dividend per ordinary share 9         10.25p
Basic and diluted loss per share – total Group 10     (174.8p)     (24.2p)
Basic and diluted loss per share – continuing operations 10     (179.8p)     (25.5p)
Adjusted basic (loss)/earnings per share – continuing operations 10     (9.4p)     29.5p
Adjusted diluted (loss)/earnings per share – continuing operations 10     (9.4p)     29.4p