Income Statement: Full Year 2020
For the year ended 31 December 2020
| Year ended 31 December 2020 | Year ended 31 December 2019 | ||||||
| Results before specific adjusting items | Specific adjusting items1 | Total | Results before specific adjusting items | Specific adjusting items1 | Total | ||
| Note | £m | £m | £m | £m | £m | £m | |
| Revenue | 3 | 910.7 | - | 910.7 | 1,049.5 | - | 1,049.5 |
| Operating costs before amortisation of intangible assets | (819.0) | (87.4) | (906.4) | (915.3) | - | (915.3) | |
|
Profit/(loss) from operations before amortisation of intangible assets |
91.7 |
(87.4) |
4.3 |
134.2 |
- |
134.2 |
|
|
Amortisation of intangible assets |
|
(6.1) |
- |
(6.1) |
(8.1) |
- |
(8.1) |
|
Operating profit/(loss) |
85.6 |
(87.4) |
(1.8) |
126.1 |
- |
126.1 |
|
| Finance income | 0.9 | - | 0.9 | 1.9 | - | 1.9 | |
| Finance expense | (12.8) | - | (12.8) | (18.8) | - | (18.8) | |
| Net financing costs | 5 | (11.9) | - | (11.9) | (16.9) | - | (16.9) |
| Share of profit of associate (net of income tax) | 0.6 | - | 0.6 | 0.5 | - | 0.5 | |
| Profit/(loss) before taxation | 74.3 | (87.4) | (13.1) | 109.7 | - | 109.7 | |
| Income tax expense/(credit) | 6 | (20.2) | 13.3 | (6.9) | (29.9) | - | (29.9) |
| Profit/(loss) from continuing operations | 54.1 | (74.1) | (20.0) | 79.8 | - | 79.8 | |
| Profit from discontinued operations2 | 7 | - | 2.0 | 2.0 | 0.7 | 0.8 | 1.5 |
| Profit/(loss) for the period | 54.1 | (72.1) | (18.0) | 80.5 | 0.8 | 81.3 | |
|
Profit/(loss) for the period attributable to: Shareholders of the Company |
48.1 | (70.6) | (22.5) | 72.3 | 0.8 | 73.1 | |
| Non-controlling interests | 6.0 | (1.5) | 4.5 | 8.2 | - | 8.2 | |
| Profit for the period | 54.1 | (72.1) | (18.0) | 80.5 | 0.8 | 81.3 | |
|
Earnings per share Continuing and discontinued operations |
8 | ||||||
| Basic earnings per share | (7.9)p | 25.7p | |||||
| Diluted earnings per share | (7.9)p | 25.5p | |||||
| Continuing operations | |||||||
| Basic earnings per share | (8.6)p | 25.2p | |||||
| Diluted earnings per share | (8.6)p | 25.0p | |||||
| Dividends3 | |||||||
|
Interim dividend - pence |
2.00p | 4.00p | |||||
| - £m | 5.7 | 11.4 | |||||
|
Proposed final dividend4 - pence |
3.50p | - | |||||
| - £m | 10.0 | - | |||||
1. Details of specific adjusting items are given in note 4 to the consolidated financial statements.
2. Profits from discontinued operations are entirely attributable to the Shareholders of the Company.
3. The proposed final dividend is based upon the number of Ordinary shares outstanding at the balance sheet date.
4. On 31 March 2020, the Group announced the Board’s decision to withdraw the proposed 2019 final dividend due to the financial uncertainty resulting from the COVID-19 pandemic.
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