Income Statement

For the year ended 31 December 2016

Download Condensed Consolidated Income Statement (xls)

 

  Results before specific adjusting items Specific adjusting items Total Results before specific adjusting items Specific adjusting items Total
  2016 2016 2016 2015 2015 2015
  £m £m £m £m £m £m
Revenue 989.2 - 989.2 911.8 - 911.8
             
Operating costs before restructuring costs and other items and amortisation/impairment of intangible assets (871.3) - (871.3) (802.2) - (802.2)
Profit from operations before restructuring costs and other items and amortisation/impairment of intangible assets 117.9 - 117.9 109.6 - 109.6
             
Restructuring costs and other one-off items:            
Restructuring costs (1.5) - (1.5) (4.1) (1.5) (5.6)
Net pension settlement credit - 6.8 6.8 - - -
Business exit costs - - - - (2.8) (2.8)
Impairment of property, plant and equipment - - - - (5.9) (5.9)
Gain on disposal of properties 0.5 - 0.5 0.5 - 0.5
Profit from operations before amortisation/impairment of intangible assets 116.9 6.8 123.7 106.0 (10.2) 95.8
             
Amortisation of intangible assets (7.9) - (7.9) (7.1) - (7.1)
Impairment of intangible assets - (8.5) (8.5) - (5.8) (5.8)
Operating profit 109.0 (1.7) 107.3 98.9 (16.0) 82.9
             
Finance income 2.3 - 2.3 2.5 - 2.5
Finance expense (22.3) - (22.3) (20.6) - (20.6)
Net financing costs (20.0) - (20.0) (18.1) - (18.1)
             
Net loss on disposal of business - - - - (6.1) (6.1)
Share of profit of associate (net of income tax) 0.6 - 0.6 0.3 - 0.3
Profit before taxation 89.6 (1.7) 87.9 81.1 (22.1) 59.0
             
Income tax expense (26.6) (2.8) (29.4) (24.2) 3.3 (20.9)
             
Profit for the period 63.0 (4.5) 58.5 56.9 (18.8) 38.1
             
Profit for period attributable to:            
      Owners of the parent 56.8 (4.5) 52.3 52.3 (18.4) 33.9
      Non-controlling interests 6.2 - 6.2 4.6 (0.4) 4.2
  63.0 (4.5) 58.5 56.9 (18.8) 38.1
             
Basic earnings per share            
Continuing operations     18.4p     11.9p
Diluted earnings per share            
Continuing operations     18.3p     11.9p
             
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.