Income Statement: Full Year 2022

For the year ended 31 December 2022

    Year ended 31 December 2022 Year ended 31 December 2021
    Results before specific adjusting items Specific adjusting items Total Results before specific adjusting items Specific adjusting items Total
  Note £m £m £m £m £m £m
Revenue 3 1,112.1 - 1,112.1 950.5 - 950.5
Operating costs before amortisation of intangible assets   (961.1) (5.5) (966.6) (826.0) (5.4) (831.4)

Profit from operations before amortisation of intangible assets

3

151.0

(5.5)

145.5

124.5

(5.4)

119.1

Amortisation of intangible assets

 

(4.7)

-

(4.7)

(6.0)

-

(6.0)

Operating profit

3

146.3

(5.5)

140.8

118.5

(5.4)

113.1

Finance income   1.6 - 1.6 0.8 - 0.8
Finance expense   (10.8) - (10.8) (10.0) - (10.0)
Net financing costs 5 (9.2) - (9.2) (9.2) - (9.2)
Share of profit of associate (net of income tax)   - - - 0.4 - 0.4
Profit before taxation   137.1 (5.5) 131.6 109.7 (5.4) 104.3
Income tax expense 6 (37.1) 1.1 (36.0) (29.7) 1.5 (28.2)
Profit from continuing operations   100.0 (4.4) 95.6 80.0 (3.9) 76.1
Profit from discontinued operations2 7 - 1.1 1.1 - 5.7 5.7
Profit for the year
  100.0 (3.3) 96.7 80.0 1.8 81.8

Profit for the period attributable to:

Shareholders of the Company

  91.3 (3.3) 88.0 71.5 2.3 73.8
Non-controlling interests   8.7 - 8.7 8.5 (0.5) 8.0
Profit for the year
  100.0 (3.3) 96.7 80.0 1.8 81.8

Earnings per share

Continuing and discontinued operations

8            
Basic earnings per share       31.0p     25.9p
Diluted earnings per share       30.7p     25.7p
Continuing operations              
Basic earnings per share       30.6p     23.9p
Diluted earnings per share       30.3p     23.7p
Dividends3              

Interim dividend

- pence

      5.30p     3.20p
- £m       15.1     9.1

Proposed final dividend

- pence

      6.70p     5.90p
- £m       19.1     16.8
1. Details of specific adjusting items from continuing operations 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.

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