for the year ended 31 December 2010
| | Notes | Before exceptional items
2010
£m | Exceptional items
2010
£m | Total
2010
£m | Before exceptional items
2009
£m | Exceptional items
2009
£m | Total
2009
£m |
|---|
| Continuing operations |
|
|
|
|
|
|
|
|---|
| Revenue |
3 |
889.2 |
– |
889.2 |
847.6 |
– |
847.6 |
|---|
| Other operating income |
4 |
7.0 |
– |
7.0 |
9.7 |
– |
9.7 |
|---|
| Operating expenses |
5 |
(728.0) |
– |
(728.0) |
(688.8) |
– |
(688.8) |
|---|
| Amortisation of intangible assets arising on acquisitions |
13 |
(27.8) |
– |
(27.8) |
(26.8) |
– |
(26.8) |
|---|
| Exceptional reorganisation and restructuring costs |
7 |
– |
(5.8) |
(5.8) |
– |
(16.5) |
(16.5) |
|---|
| Exceptional items relating to acquisitions |
7 |
– |
(5.1) |
(5.1) |
– |
– |
– |
|---|
| Impairment charge |
7 |
– |
– |
– |
– |
(153.0) |
(153.0) |
|---|
| Share of results from joint ventures and associates (after tax) |
15 |
2.8 |
– |
2.8 |
2.0 |
– |
2.0 |
|---|
| Group operating profit/(loss) |
|
143.2 |
(10.9) |
132.3 |
143.7 |
(169.5) |
25.8 |
|---|
| |
|
|
|
|
|
|
|
|---|
| Finance income/(expense) |
|
|
|
|
|
|
|
|---|
| Interest income |
8 |
0.7 |
– |
0.7 |
1.8 |
– |
1.8 |
|---|
| Interest expense |
8 |
(19.4) |
– |
(19.4) |
(14.8) |
– |
(14.8) |
|---|
| Financing income |
8 |
3.3 |
– |
3.3 |
6.9 |
– |
6.9 |
|---|
| Financing income – other |
8 |
1.2 |
– |
1.2 |
2.9 |
– |
2.9 |
|---|
| Financing expense – other |
8 |
(2.6) |
– |
(2.6) |
– |
(6.7) |
(6.7) |
|---|
| Profit/(loss) before tax |
|
126.4 |
(10.9) |
115.5 |
140.5 |
(176.2) |
(35.7) |
|---|
| Taxation |
9 |
(16.1) |
– |
(16.1) |
(17.7) |
– |
(17.7) |
|---|
| Exceptional taxation net credit |
7 |
– |
– |
– |
– |
135.2 |
135.2 |
|---|
| |
|
(16.1) |
– |
(16.1) |
(17.7) |
135.2 |
117.5 |
|---|
| Profit for the year |
|
110.3 |
(10.9) |
99.4 |
122.8 |
(41.0) |
81.8 |
|---|
| Attributable to: |
|
|
|
|
|
|
|
|---|
| Equity holders of the parent entity – ordinary shares |
|
|
|
90.8 |
|
|
75.2 |
|---|
| Non-controlling interests |
|
|
|
8.6 |
|
|
6.6 |
|---|
| |
|
|
|
99.4 |
|
|
81.8 |
|---|
| Earnings per share (pence) |
|
|
|
|
|
|
|
|---|
| – basic |
10 |
|
|
37.3p |
|
|
30.9p |
|---|
| – diluted |
10 |
|
|
36.7p |
|
|
30.5p |
|---|
| |
|
|
|
|
|
|
|
|---|
| |
|
|
|
£m |
|
|
£m |
|---|
| Adjusted Group operating profit1 |
|
|
|
171.8 |
|
|
171.2 |
|---|
| Amortisation of intangible assets arising on acquisitions |
13 |
|
|
(27.8) |
|
|
(26.8) |
|---|
| Exceptional reorganisation and restructuring costs |
7 |
|
|
(5.8) |
|
|
(16.5) |
|---|
| Exceptional items relating to acquisitions |
7 |
|
|
(5.1) |
|
|
– |
|---|
| Impairment charge |
7 |
|
|
– |
|
|
(153.0) |
|---|
| Share of taxation on profit in joint ventures and associates |
|
|
|
(0.8) |
|
|
(0.7) |
|---|
| Group operating profit/(loss) |
|
|
|
132.3 |
|
|
(25.8) |
|---|
| |
|
|
|
|
|
|
|
|---|
| |
|
|
|
£m |
|
|
£m |
|---|
| Dividends |
|
|
|
|
|
|
|
|---|
| – Interim dividend of 6.00p (6.00p) |
11 |
|
|
14.6 |
|
|
14.6 |
|---|
| – Proposed second interim dividend of 19.00p (18.20p) |
11 |
|
|
46.2 |
|
|
44.3 |
|---|
- Adjusted Group operating profit represents Group operating profit excluding amortisation of intangible assets arising on acquisitions, exceptional items, impairment charges and share of taxation on profit in joint ventures and associates.
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