Consolidated income statement
|
| Year ended | Year ended |
|---|---|---|---|
Continuing operations |
|
|
|
Revenue | 2,842.0 | 2,769.6 | |
Cost of sales |
| (1,534.0) | (1,476.3) |
Gross profit |
| 1,308.0 | 1,293.3 |
Sales and distribution costs |
| (384.3) | (369.7) |
Administrative expenses |
| (490.1) | (491.0) |
Profit on disposal of businesses | 4.4 | 3.3 | |
Operating profit | 438.0 | 435.9 | |
Comprising |
|
|
|
– headline operating profit | 516.9 | 492.4 | |
– exceptional items, amortisation of acquired intangibles | (78.9) | (56.5) | |
|
| 438.0 | 435.9 |
Interest receivable |
| 1.8 | 3.6 |
Interest payable |
| (60.3) | (65.1) |
Other financing losses |
| (9.2) | (5.4) |
Other finance income – retirement benefits |
| 23.3 | 2.3 |
Finance costs | (44.4) | (64.6) | |
Share of post-tax profits of associated companies | 4.3 | 1.8 | |
Profit before taxation |
| 397.9 | 373.1 |
Comprising |
|
|
|
– headline profit before taxation | 486.0 | 435.0 | |
– exceptional items, amortisation of acquired intangibles and other financing gains and losses | (88.1) | (61.9) | |
|
| 397.9 | 373.1 |
Taxation | (91.8) | (78.9) | |
Profit after taxation – continuing operations |
| 306.1 | 294.2 |
Profit – discontinued operations | 79.0 | 16.4 | |
Profit for the year |
| 385.1 | 310.6 |
Attributable to |
|
|
|
Smiths Group shareholders |
| 383.8 | 310.0 |
Non-controlling interests |
| 1.3 | 0.6 |
|
| 385.1 | 310.6 |
Earnings per share |
|
| |
Basic |
| 98.0p | 79.5p |
Basic – continuing operations |
| 77.8p | 75.3p |
Diluted |
| 97.1p | 78.9p |
Diluted – continuing operations |
| 77.1p | 74.8p |
References in the consolidated income statement, consolidated statement of comprehensive income, consolidated balance sheet, consolidated statement of changes in equity and consolidated cash-flow statement relate to notes which form an integral part of the consolidated accounts.