Income Statement

For the year ended 31 December 2014

 

    Results before specific
adjusting items
Specific adjusting
items*
Total Results before specific
adjusting items
Specific adjusting
items*
Total
    2014 2014 2014 2013 2013 2013
    £m £m £m £m £m £m
Revenue   921.7 - 921.7 957.8 - 957.8
Operating costs before restructuring costs, other one-off items and amortisation of intangible assets   (803.7) - (803.7) (838.8) - (838.8)
Profit from operations before restructuring costs, other one-off items and amortisation of intangible assets   118.0 - 118.0 119.0 - 119.0
Restructuring costs and other one-off items:              
Restructuring costs   (5.9) (16.3) (22.2) (11.3) - (11.3)
Business exit costs   - (1.9) (1.9) - (7.3) (7.3)
Transaction-related costs   - (1.2) (1.2) - - -
Settlement of prior period anti-trust litigation   - (3.6) (3.6) - - -
Gain on disposal of properties   0.3 - 0.3 0.8 - 0.8
Profit from operations before amortisation of intangible assets   112.4 (23.0) 89.4 108.5 (7.3) 101.2
Amortisation of intangible assets   (8.2) - (8.2) (8.3) - (8.3)
Impairment of intangible assets   - (26.9) (26.9) - (3.3) (3.3)
Operating profit   104.2 (49.9) 54.3 100.2 (10.6) 89.6
Finance income   2.1 - 2.1 1.3 - 1.3
Finance expense   (22.9) - (22.9) (24.6) - (24.6)
Net financing costs   (20.8) - (20.8) (23.3) - (23.3)
Net loss on disposal of businesses  

-

(2.0) (2.0) - (2.3) (2.3)
Profit before taxation   83.4 (51.9) 31.5 76.9 (12.9) 64.0
Income tax expense   (24.7) 5.5 (19.2) (21.1) 1.8 (19.3)
Profit for the period   58.7 (46.4) 12.3 55.8 (11.1) 44.7
Profit for period attributable to:              
Owners of the parent   54.8 (47.0) 7.8 52.4 (10.6) 41.8
Non-controlling interests   3.9 0.6 4.5 3.4 (0.5) 2.9
    58.7 (46.4) 12.3 55.8 (11.1) 44.7
Earnings per share from continuing operations              
Basic       2.7p     14.8p
Diluted       2.7p     14.7p
Dividends              
Interim dividend - pence     3.90p     3.80p
  - £m     11.1     10.8
Proposed final dividend - pence     7.00p     6.70p
  - £m     20.0     19.1

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 of the Annual report (to be issued soon)