Income Statement

For the six months ended 30 June 2014

 

    Six months Six months Six months Six months Year Year Year
    Results before specific
adjusting items
Specific adjusting
items*
Total Total Results before specific
adjusting items
Specific adjusting
items*
Total
    2014 2014 2014 2013 2013 2013 2013
    £m £m £m £m £m £m £m
Revenue   448.4 - 448.4 486.1 957.8 - 957.8
Operating costs before restructuring costs, other one-off items and amortisation of intangible assets   (392.0) - (392.0) (427.8) (838.8) - (838.8)
Profit from operations before restructuring costs, other one-off items and amortisation of intangible assets   56.4 - 56.4 58.3 119.0 - 119.0
Restructuring costs and other one-off items:                
Restructuring costs   (1.7) - (1.7) (6.8) (11.3) - (11.3)
Gain on disposal of properties   - - - 0.1 0.8 - 0.8
Business exit costs   - - - - - (7.3) (7.3)
Acquisition-related costs   (0.4) - (0.4) - - - -
Profit from operations before amortisation of intangible assets   54.3 - 54.3 51.6 108.5 (7.3) 101.2
Amortisation and impairment of intangible assets   (4.3) - (4.3) (4.0) (8.3) (3.3) (11.6)
Operating profit   50.0 - 50.0 47.6 100.2 (10.6) 89.6
Finance income   0.8 - 0.8 0.6 1.3 - 1.3
Finance expense   (11.3) - (11.3) (12.5) (24.6) - (24.6)
Net financing costs   (10.5) - (10.5) (11.9) (23.3) - (23.3)
Net loss on disposal of businesses   - (2.0) (2.0) - - (2.3) (2.3)
Profit before taxation   39.5 (2.0) 37.5 35.7 76.9 (12.9) 64.0
Income tax expense   (11.5) - (11.5) (10.2) (21.1) 1.8 (19.3)
Profit for the period   28.0 (2.0) 26.0 25.5 55.8 (11.1) 44.7
Profit for period attributable to:                
Owners of the parent   25.8 - 23.9 24.0 52.4 (10.6) 41.8
Non-controlling interests   2.1 - 2.1 1.5 3.4 (0.5) 2.9
    28.0 (2.0) 26.0 25.5 55.8 (11.1) 44.7
Earnings per share from continuing operations                
Basic       8.4p 8.5p     14.8p
Diluted       8.4p 8.5p     14.7p
Dividends                
Proposed interim dividend - pence     3.90p 3.80p      
  - £m     11.1 10.8      
Approved final dividend - pence             6.70p
  - £m             19.1

The proposed interim and approved final dividends 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