Consolidated income statement

 


Notes

Year ended
31 July 2011
£m

Year ended
31 July 2010
£m

Continuing operations

 

 

 

Revenue

1

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

4.4

3.3

Operating profit

2

438.0

435.9

Comprising

 

 

 

– headline operating profit

3

516.9

492.4

– exceptional items, amortisation of acquired intangibles

3

(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

5

(44.4)

(64.6)

Share of post-tax profits of associated companies

14

4.3

1.8

Profit before taxation

 

397.9

373.1

Comprising

 

 

 

– headline profit before taxation

3

486.0

435.0

– exceptional items, amortisation of acquired intangibles and other financing gains and losses

3

(88.1)

(61.9)

 

 

397.9

373.1

Taxation

6

(91.8)

(78.9)

Profit after taxation – continuing operations

 

306.1

294.2

Profit – discontinued operations

7

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

9

 

 

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.

 


Smiths Group divisions:
Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect, Flex-Tek

 

Smiths Group plc:
Registered office 2nd Floor, Cardinal Place, 80 Victoria Street, London SW1E 5JL, UK
Incorporated in England No. 137013
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