• Consolidated Income Statement • Consolidated Balance Sheet • Consolidated Cash Flow Statement
 
  • Consolidated Statement of Recognised Income and Expense• Notes to the Interim Financial Report • Independent Review Report • Appendix
  
 
  Consolidated Income Statement
for the six months ended 30 June		                
  Six months ended   Before
non-
recurring
items
30 June
2006		 Non-
recurring
items
30 June
2006		 Total
30 June
2006		 As restated
Before
non-
recurring
items
30 June
2005		 As restated
Non-
recurring
items
30 June
2005		 As restated
Total
30 June
2005		  
    Notes £m £m £m £m £m £m  
  Continuing operations                
  Revenue 3 394.3 - 394.3 315.2 - 315.2  
  Other operating income   5.0 - 5.0 4.4 - 4.4  
  Operating expenses   (326.2)   (326.2) (260.8) - (260.8)  
  Non-recurring reorganisation and restructuring costs 4 - - - - (5.2) (5.2)  
  Share of profit in joint ventures and associates (after tax) 3 1.7 - 1.7 2.2 8.5 10.7  
  Income from investments   - - - 0.5 - 0.5  
  Group operating profit   74.8 - 74.8 61.5 3.3 64.8  
                   
  Profit on disposal of property, plant and equipment 4 - 4.3 4.3 - - -  
  Profit on disposal of associates 4 - - - - 25.0 25.0  
      - 4.3 4.3 - 25.0 25.0  
  Earnings before interest and taxes ("EBIT")   74.8 4.3 79.1 61.5 28.3 89.8  
  Finance income/(cost)                
  Interest income 5 8.5 - 8.5 16.0 - 16.0  
  Interest cost 5

(3.1)

 - (3.1) (9.5) - (9.5)  
  Financing income - other than interest 5 1.0 0.4 1.4 26.1 - 26.1  
  Financing cost - other than interest 5 (1.2) (20.7) (21.9) (2.6) - (2.6)  
  Financing cost - pension schemes 5 - - - (1.3) - (1.3)  
  Profit before tax   80.0 (16.0) 64.0 90.2 28.3 118.5  
  Taxation on UK earnings   (7.9) - (7.9) (8.2) (1.2) (9.4)  
  Overseas taxation   (7.3)   (7.3) (4.1) - (4.1)  
  Profit for the period from continuing operations   64.8 (16.0) 48.8 77.9 27.1 105.0  
  Discontinued operations                
  Profit for the period from discontinued operations (after tax) 11 - 9.6 9.6 - 247.5 247.5  
  Profit for the period   64.8 (6.4) 58.4 77.9 274.6 352.5  
  Attributable to:                
  Equity shareholders – ordinary       55.9     351.4  
  Equity shareholders – B shares       0.2     0.2  
  Minority interests       2.3     0.9  
          58.4     352.5  
  Earnings per share – from continuing operations (pence)                
  − basic 6     16.6p     31.3p  
  − diluted 6     22.8p     24.1p  
                   
  Earnings per share – from continuing and discontinued operations (pence)                
  − basic 6     20.0p     106.2p  
  − diluted 6     26.1p     88.5p  
                   
                   
  Adjusted group operating profit* 3     83.1     76.1  
  Amortisation of intangible assets       (7.2)     (4.6)  
  Non-recurring reorganisation and restructuring costs       -     (5.2)  
  Share of taxation on profit in joint ventures and associates       (0.3)     4.9  
  Operating profit from discontinued operations (before tax)       (0.8)     (6.4)  
  Group operating profit from continuing operations 3     74.8     64.8  
                   
                   
                   
  Dividends 7              
  - Special dividend of nil (89.0p)       -     298.3  
  - Proposed interim dividend of 4.4p (4.0p)       12.4     11.0  
                   
 
 
  * Adjusted group operating profit represents group operating profit excluding amortisation of intangible assets, non-recurring items, share of taxation on profit in joint ventures and associates, and including operating profit from discontinued operations.
     
   
 
  Consolidated Income Statement
for the year ended 31 December		          
  Year ended   As retstated
Before
non-recurring
items
31 December
2005		 As retstated
Non-recurring
items
31 December
2005		 As restated
Total
31 December
2005		  
    Notes £m £m £m  
  Continuing operations          
  Revenue 3 660.7 - 660.7  
  Other operating income   11.9 - 11.9  
  Operating expenses   (563.3) - (563.3)  
  Non-recurring reorganisation and restructuring costs 4 - (37.2) (37.2)  
  Share of profit in joint ventures and associates (after tax) 3 4.2 8.5 12.7  
  Income from investments   3.0 - 3.0  
  Group operating profit   116.5 (28.7) 87.8  
             
  Profit on disposal of associates 4 - 150.7 150.7  
      - 150.7 150.7  
  Earnings before interest and taxes (“EBIT”)   116.5 122.0 238.5  
  Finance income/(costs)          
  Interest income 5 28.2 - 28.2  
  Interest cost 5 (15.5) - (15.5)  
  Financing income - other than interest 5 8.4 - 8.4  
  Financing cost - other than interest 5 (13.8) (13.7) (27.5)  
  Financing cost - pension schemes 5 (2.5) - (2.5)  
  Profit before tax   121.3 108.3 229.6  
  Taxation on UK earnings   (16.8) (1.2) (18.0)  
  Overseas taxation   (6.3) - (6.3)  
             
  Profit for the year from continuing operations   98.2 107.1 205.3  
  Discontinued operations          
  Profit for the period from discontinued operations (after tax) 11 - 272.2 272.2  
  Profit for the year   98.2 379.3 477.5  
  Attributable to:          
  Equity shareholders – ordinary       475.2  
  Equity shareholders – B shares       0.4  
  Minority interests       1.9  
          477.5  
  Earnings per share – from continuing operations (pence)          
  -  basic 6     67.1p  
  -  diluted 6     64.0p  
             
  Earnings per share – from continuing and discontinued operations (pence)          
  - basic 6     157.1p  
  - diluted 6     142.8p  
             
             
  Adjusted group operating profit* 3     141.9  
  Amortisation of intangible assets       (11.4)  
  Non-recurring reorganisation and restructuring costs       (37.2)  
  Share of taxation on profit in joint ventures and associates       1.9  
  Operating profit from discontinued operations (before tax)       (7.4)  
  Group operating profit from continuing operations 3     87.8  
             
             
             
  Dividends 7        
  -  Interim dividend of 4.0p       11.0  
  -  Special dividend of 89.0p       298.3  
  -  Proposed year end dividend of 11.0p       30.6  
             
             
  * Adjusted group operating profit represents group operating profit excluding amortisation of intangible assets, non-recurring items, share of taxation on profit in joint ventures and associates, and including operating profit from discontinued operations.
     
   
 
  • Consolidated Income Statement • Consolidated Balance Sheet • Consolidated Cash Flow Statement
 
  • Consolidated Statement of Recognised Income and Expense• Notes to the Interim Financial Report • Independent Review Report • Appendix