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

3

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)

3

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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