Income Statement

For the six months ended 30 June 2015

 

    Six
months
Six
months
Six
months
Six
months
Year Year Year
    Total Results before specific
adjusting items
Specific adjusting
items*
Total Results before specific
adjusting items
Specific adjusting
items*
Total
    2015 2014 2014 2014 2014 2014 2014
    £m £m £m £m £m £m £m
Revenue   469.2 448.4 - 448.4 921.7 - 921.7
Operating costs before restructuring costs, other one-off items and amortisation of intangible assets   (408.1) (392.0) - (392.0) (803.7) - (803.7)
Profit from operations before restructuring costs, other one-off items and amortisation of intangible assets   61.1 56.4 - 56.4 118.0 - 118.0
Restructuring costs and other one-off items:                
Restructuring costs   - (1.7) - (1.7) (5.9) (16.3) (22.2)
Business exit costs   - -   - - (1.9) (1.9)
Transaction-related costs   - (0.4) - (0.4) - (1.2) (1.2)
Settlement of prior period anti-trust litigation   - - - - - (3.6) (3.6)
Gain on disposal of properties   - - - - 0.3 - 0.3
Profit from operations before amortisation of intangible assets   61.1 54.3 - 54.3 112.4 (23.0) 89.4
Amortisation of intangible assets   (3.6) (4.3) - (4.3) (8.2) - (8.2)
Impairment of intangible assets   - - - - - (26.9) (26.9)
Operating profit   57.5 50.0 - 50.0 104.2 (49.9) 54.3
Finance income   1.9 0.8 - 0.8 2.1 - 2.1
Finance expense   (10.4) (11.3) - (11.3) (22.9) - (22.9)
Net financing costs   (8.5) (10.5) - (10.5) (20.8) - (20.8)
Net loss on disposal of businesses   - - (2.0) (2.0) - (2.0) (2.0)
Share of profit of associate (net of income tax)   0.2 - - - - - -
Profit before taxation   49.2 39.5 (2.0) 37.5 83.4 (51.9) 31.5
Income tax expense   (14.5) (11.5) - (11.5) (24.7) 5.5 (19.2)
Profit for the period   34.7 28.0 (2.0) 26.0 58.7 (46.4) 12.3
Profit for period attributable to:                
Owners of the parent   32.4 25.9 (2.0) 23.9 54.8 (47.0) 7.8
Non-controlling interests   2.3 2.1 - 2.1 3.9 0.6 4.5
Profit for the period   34.7 28.0 (2.0) 26.0 58.7 (46.4) 12.3
Earnings per share from continuing operations                
Basic   11.4p     8.4p     2.7p
Diluted   11.3p     8.4p     2.7p
Dividends                
Proposed interim dividend - pence 4.00p     3.90p      
  - £m 11.4     11.1      
Approved final dividend - pence             7.00p
  - £m             20.0

The proposed interim and approved final dividend are based upon the number of shares outstanding at the balance sheet date.

* Details of 'specific adjusting items' are given in note 4 of the Half-year report. There were no specific adjusting items in the six months ended 30 June 2015.