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Profit and loss

Group income statement
for the year ended 31 March 2016

  2016
£m
As re-presented* 2015
£m
Revenue 1,291.1 1,266.2
Cost of sales (729.6) (701.5)
Gross profit 561.5 564.7
Distribution and marketing expenses (449.5) (446.7)
Central costs (71.9) (16.8)
Operating profit 40.1 101.2
Financial income 2.3 2.0
Financial expense (7.5) (7.1)
Profit before tax 34.9 96.1
Income tax expense (13.0) (25.8)
Profit for the year attributable to the equity shareholders of the parent company 21.9 70.3
Earnings per share
   
Basic 5.0p 16.0p
Diluted 5.0p 15.9p
Dividends    
Amounts recognised in the period:    
Final dividend for the year ended 31 March 2015 6.75p 6.75p
Interim dividend for the year ended 31 March 2016 5.0p 5.0p
A final dividend of 6.75p per share has been proposed since the year end.    
     
Headline operating profit    
Operating profit 40.1 101.2
Reorganisation costs and pension credit 41.9 (16.0)
  82.0 85.2
Headline profit before tax    
Profit before tax 34.9 96.1
Reorganisation costs and pension credit 41.9 (16.0)
  76.8 80.1
Headline earnings per share    
Basic 12.6p 13.2p
Diluted 12.6p 13.2p
*Re-presented for the changes in the Group’s reporting structure.    

 

Consolidated statement of comprehensive income
for the year ended 31 March 2016

  2016
£m
2015
£m
Profit for the period 21.9 70.3
Other comprehensive income    
Items that are not reclassified subsequently to the income statement    
Re-measurement of pension deficit 16.3 (36.9)
Taxation relating to re-measurement of pension deficit (4.6) 7.4
Items that are reclassified subsequently to the income statement    
Foreign exchange translation differences 10.4 13.0
(Loss) gain on cash flow hedges (6.4) 1.0
Taxation relating to components of other comprehensive income (0.7) (0.3)
Other comprehensive income (expense) for the year 15.0 (15.8)
Total comprehensive income for the financial year 36.9 54.5

 

David Egan 2017 Half-year Results

David Egan, Group Finance Director, looks at the performance during the first half of 2017.

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