Income Statement

For the year ended 31 December 2017

Download Condensed Consolidated Income Statement

 

  Results before specific adjusting items Specific adjusting items Total Results before specific adjusting items Specific adjusting items Total
  2017 2017 2017 2016 2016 2016
  £m £m £m £m £m £m
Revenue 1,021.5 - 1,021.5 989.2 - 989.2
             
Operating costs before restructuring costs and other items and amortisation/impairment of intangible assets (901.8)   (901.8) (871.3) - (871.3)
Profit from operations before restructuring costs and other items and amortisation/impairment of intangible assets 119.7 - 119.7 117.9 - 117.9
             
Restructuring costs  - - - (1.5) - (1.5)
Net pension settlement credit - - - - 6.8 6.8
Net profit on disposal of business - 45.7 45.7 - - -
Gain on disposal of properties - - - 0.5 - 0.5
Profit from operations before amortisation/impairment of intangible assets 119.7 45.7 165.4 116.9 6.8 123.7
             
Amortisation of intangible assets (7.3) - (7.3) (7.9) - (7.9)
Impairment of intangible assets - - - - (8.5) (8.5)
Operating profit 112.4 45.7 158.1 109.0 (1.7) 107.3
             
Finance income 1.8 - 1.8 2.3 - 2.3
Finance expense (24.3) - (24.3) (22.3) - (22.3)
Net financing costs (22.5) - (22.5) (20.0) - (20.0)
             
Share of profit of associate (net of income tax) 0.2 - 0.2 0.6 - 0.6
Profit before taxation 90.1 45.7 135.8 89.6 (1.7) 87.9
             
Income tax expense (26.9) 5.0 (21.9) (26.6) (2.8) (29.4)
             
Profit for the period 63.2 50.7 113.9 63.0 (4.5) 58.5
             
Profit for period attributable to:            
      Owners of the parent 56.9 50.7 107.6 56.8 (4.5) 52.3
      Non-controlling interests 6.3 - 6.3 6.2 - 6.2
  63.2 50.7 113.9 63.0 (4.5) 58.5
             
Basic earnings per share            
Continuing operations     37.8p     18.4p
Diluted earnings per share            
Continuing operations     37.5p     18.3p
             
Dividends            
Interim dividend                   - pence     4.00p     4.00p
                                            - £m     11.4     11.4
Proposed final dividend     - pence     7.00p     7.00p
                                            - £m     20.0     20.0
             
The proposed final dividend is based upon the number of shares outstanding at the balance sheet date.