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Profit and loss

Group income statement
for the year ended 31 March 2017

  2017
£m

2016
£m
Revenue 1,511.7
1,291.1
Cost of sales (855.0)
(740.0)
Gross profit 656.7
551.1
Distribution and marketing expenses (491.0)
(440.0)
Central costs (33.4)
(71.0)
Operating profit 132.3
40.1
Financial income 4.3
2.3
Financial expense (9.5)
(7.5)
Profit before tax 127.1
34.9
Income tax expense (35.0)
(13.0)
Profit for the year attributable to the equity shareholders of the parent company 92.1
21.9
Earnings per share
   
Basic 20.9p
5.0p
Diluted 20.8p
5.0p
Dividends    
Amounts recognised in the period:    
Final dividend for the year ended 31 March 2016 6.75p
6.75p
Interim dividend for the year ended 31 March 2017 5.00p
5.00p
A final dividend of 7.3p per share has been proposed since the year end.    
     
Headline operating profit    
Operating profit 132.3
40.1
Intangible fixed asset write down
-
11.2
Net reorganisation costs
0.9
30.7
  133.2
82.0
Headline profit before tax    
Profit before tax 127.1
34.9
Intangible fixed asset write down
- 11.2
Net reorganisation costs
0.9
30.7
  128.0
76.8
Headline earnings per share    
Basic 21.0p
12.6p
Diluted 20.9p
12.6p

 

Consolidated statement of comprehensive income
for the year ended 31 March 2017

  2017
£m

2016
£m
Profit for the year 92.1
21.9
Other comprehensive income    
Items that are not reclassified subsequently to the income statement    
Remeasurement of pension deficit (65.7)
16.3
Taxation relating to remeasurement of pension deficit 11.2
(4.6)
Items that are reclassified subsequently to the income statement    
Foreign exchange translation differences 36.6
10.4
Net gain (loss) on cash flow hedges 5.1
(6.4)
Taxation relating to components of other comprehensive income 1.0
(0.7)
Other comprehensive (expense) income for the year (11.8)
15.0
Total comprehensive (expense) income for the year 80.3
36.9

 

David Egan 2017 Full-year Results

David Egan, Group Finance Director, reviews the financial performance over the past 12 months.

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