Income Statement

For the full year ended 31 December 2015

 

    Results before specific
adjusting items
Specific adjusting
items*
Total Results before specific
adjusting items
Specific adjusting
items*
Total
    2015 2015 2015 2014 2014 2014
    £m £m £m £m £m £m
Revenue   911.8 - 911.8 921.7 - 921.7
Operating costs before restructuring costs, other one-off items and amortisation of intangible assets   (802.2) - (802.2) (803.7) - (803.7)
Profit from operations before restructuring costs, other one-off items and amortisation of intangible assets   109.6 - 109.6 118.0 - 118.0
Restructuring costs and other one-off items:              
Restructuring costs   (4.1) (1.5) (5.6) (5.9) (16.3) (22.2)
Business exit costs   - (2.8) (2.8) - (1.9) (1.9)
Impairment of property, plant and equipment   - (5.9) (5.9) - - -
Transaction-related costs   - - - - (1.2) (1.2)
Settlement of prior period anti-trust litigation   - - - - (3.6) (3.6)
Gain on disposal of properties   0.5 - 0.5 0.3 - 0.3
Profit from operations before amortisation of intangible assets   106.0 (10.2) 95.8 112.4 (23.0) 89.4
Amortisation of intangible assets   (7.1) - (7.1) (8.2) - (8.2)
Impairment of intangible assets   - (5.8) (5.8) - (26.9) (26.9)
Operating profit   98.9 (16.0) 82.9 104.2 (49.9) 54.3
Finance income   2.5 - 2.5 2.1 - 2.1
Finance expense   (20.6) - (20.6) (22.9) - (22.9)
Net financing costs   (18.1) - (18.1) (20.8) - (20.8)
Net loss on disposal of business   - (6.1) (6.1) - (2.0) (2.0)
Share of profit of associate (net of income tax)   0.3 - 0.3 - - -
Profit before taxation   81.1 (22.1) 59.0 83.4 (51.9) 31.5
Income tax expense   (24.2) 3.3 (20.9) (24.7) 5.5 (19.2)
Profit for the period   56.9 (18.8) 38.1 58.7 (46.4) 12.3
Profit for period attributable to:              
Owners of the parent   52.3 (18.4) 33.9 54.8 (47.0) 7.8
Non-controlling interests   4.6 (0.4) 4.2 3.9 0.6 4.5
    56.9 (18.8) 38.1 58.7 (46.4) 12.3
Basic earnings per share              
Continuing operations       11.9p     2.7p
Diluted earnings per share              
Continuing operations       11.9p     2.7p
Dividends              
Interim dividend - pence     4.00p     3.90p
  - £m     11.4     11.1
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.

* Details of 'Specific adjusting items' are given in note 6 to the Financial Statements