Financial Summary

Here is an overview of our financial performance. More detailed information is available in the five year summary.

Consolidated Income Statement

Year ended 31 March 2011

Note 2011
£m
2010
£m
Continuing operations
Revenue 3 717.3 683.5
Cost of sales before amortisation of acquisition intangibles (606.8) (569.6)
Amortisation of acquisition intangibles 4, 13 (3.9) (3.9)
Total cost of sales (610.7) (573.5)
Gross profit 106.6 110.0
Administrative expenses before exceptional items (60.8) (62.8)
Exceptional items 4 (4.3) (11.4)
Total administrative expenses (65.1) (74.2)
Operating profit 3, 4, 5 41.5 35.8
Finance charges (24.3) (29.3)
Finance income 9.8 11.4
Change in fair value of interest rate swaps (5.8) 1.7
Net finance charges 8 (20.3) (16.2)
Profit before tax 3 21.2 19.6
Tax before exceptional tax (7.8) (6.7)
Exceptional tax 4, 9 8.5 5.2
Total tax 9 0.7 (1.5)
Profit for the year from continuing operations 21.9 18.1
Profit from discontinued operations   - 19.5
Profit for the year attributable to shareholders 21.9 37.6
Earnings per share from continuing operations
- basic 11 5.5p 4.8p
- diluted 11 5.5p 4.8p
Total earnings per share for the year
- basic 11 5.5p 10.0p
- diluted 11 5.5p 10.0p
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