Consolidated Balance Sheet
Consolidated Cash Flow Statement
Year ended 30 April 2008
| 2008 | 2007 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | Performance pre intangibles and exceptional items £m |
Intangibles and exceptional items (note 4) £m |
Results for the year £m |
Performance pre intangibles and exceptional items £m |
Intangibles and exceptional items (note 4) £m |
Results for the year £m |
|
| CONTINUING OPERATIONS | |||||||
| Revenue | 2 | 1,763.6 | Nil | 1,763.6 | 1,504.6 | Nil | 1,504.6 |
| Operating costs | 3 | (1,734.5) | (7.9) | (1,742.4) | (1,571.0) | 19.3 | (1,551.7) |
| Other operating income | 5 | 143.6 | Nil | 143.6 | 213.5 | Nil | 213.5 |
| Operating profit of Group companies | 2 | 172.7 | (7.9) | 164.8 | 147.1 | 19.3 | 166.4 |
| Share of profit of joint ventures | |||||||
| after finance income and taxation | 32.6 | (5.1) | 27.5 | 14.2 | 0.3 | 14.5 | |
| Total operating profit: Group operating profit and share of joint ventures’ profit after taxation | 2 | 205.3 | (13.0) | 192.3 | 161.3 | 19.6 | 180.9 |
| Gain on sale of properties | 4 | Nil | 0.3 | 0.3 | Nil | 3.6 | 3.6 |
| Loss on disposed and closed operations | 4 | Nil | (1.7) | (1.7) | Nil | (1.1) | (1.1) |
| Profit before interest and taxation | 205.3 | (14.4) | 190.9 | 161.3 | 22.1 | 183.4 | |
| Finance costs | 6 | (45.2) | Nil | (45.2) | (20.7) | Nil | (20.7) |
| Finance income | 6 | 14.3 | 7.3 | 21.6 | 21.4 | Nil | 21.4 |
| Profit before taxation | 174.4 | (7.1) | 167.3 | 162.0 | 22.1 | 184.1 | |
| Taxation | 8 | (28.3) | 90.2 | 61.9 | (37.8) | (5.8) | (43.6) |
| Profit for the year from continuing operations | 146.1 | 83.1 | 229.2 | 124.2 | 16.3 | 140.5 | |
| DISCONTINUED OPERATIONS | |||||||
| Profit for the year from discontinued operations | 18 | Nil | 19.9 | 19.9 | 4.0 | 132.8 | 136.8 |
| TOTAL OPERATIONS | |||||||
| Profit after taxation for the year attributable to equity shareholders of the parent |
146.1 | 103.0 | 249.1 | 128.2 | 149.1 | 277.3 | |
| Earnings per share from continuing and discontinued operations |
|||||||
| – Adjusted/Basic | 10 | 20.3p | 34.6p | 11.7p | 25.4p | ||
| – Diluted | 10 | 19.8p | 33.8p | 11.6p | 25.1p | ||
| Earnings per share from continuing operations | |||||||
| – Adjusted/Basic | 10 | 20.3p | 31.8p | 11.4p | 12.9p | ||
| – Diluted | 10 | 19.8p | 31.1p | 11.2p | 12.7p | ||
| Dividends per ordinary share | |||||||
| – Interim paid | 9 | 1.35p | 1.2p | ||||
| – Final proposed | 9 | 4.05p | 2.9p | ||||
The accompanying notes form an integral part of this consolidated income statement.
An interim dividend of £9.5m was paid during the year ended 30 April 2008 (2007: £13.1m).
A final dividend of £28.9m has been proposed for approval in respect of the year ended 30 April 2008 (2007: £20.4m).
