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Summary Financial Statement

Group Income Statement

Group Income Statement for the year ended 31 December 2007 (a)

  Notes 2007 $million 2006 $million
Revenue 3 3,369 2,779
Cost of goods sold   (994) (769)
Gross profit   2,375 2,010
Selling, general and administrative expenses   (1,740) (1,353)
Research and development expenses   (142) (120)
Operating profit 4 493 537
Interest receivable   10 19
Interest payable   (40) (9)
Other finance income   6 3
Profit before taxation   469 550
Taxation 11 (153) (156)
Profit from continuing operations   316 394
Discontinued operations: Net profit on disposal of the joint venture 12 – 351
Attributable profit for the year (b)   316 745
Earnings per ordinary share (b)      
Including discontinued operations:      
Basic   34.2¢ 79.2¢
Diluted   34.1¢ 78.9¢
Continuing operations:      
Basic   34.2¢ 41.9¢
Diluted   34.1¢ 41.7¢
Discontinued operations:      
Basic   – 37.3¢
Diluted   – 37.2¢
  • The presentation of the Group income statement has been changed – see Note 1.
  • Attributable to the equity holders of the Parent Company.

Condensed Group Statement of Recognised Income & Expense for the year ended 31 December 2007

  2007 $million 2006 $million
Exchange differences on translation 94 59
Exchange on borrowings classified as net investment hedges (47) –
Cumulative translation adjustment on disposal of the joint venture – (14)
Losses on cash flow hedges (14) (4)
Actuarial (losses)/gains on retirement benefit obligations (22) 30
Taxation on items taken directly to or transferred from equity 8 (11)
Net income recognised directly in equity 19 60
Attributable profit for the year 316 745
Total recognised income and expense for the year (b) 335 805