GROUP INCOME STATEMENT GROUP STATEMENT OF COMPREHENSIVE INCOME

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					OUR ACCOUNTS – FINANCIAL STATEMENTS


GROUP INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2010
                                                                                                                         2010                                     2009
                                                                                              Before    Exceptional                 Before      Exceptional




                                                                                                                                                                           Our accounts | Auditor’s report | Financial statements | Notes to the accounts |
                                                                                          exceptional        items*             exceptional          items*
                                                                                               items*      (Note 8)     Total        items*,1      (Note 8)       Total1
                                                                                  Notes           £m            £m       £m             £m              £m         £m


Revenue including share of joint ventures
and associates                                                                              10,541              –     10,541     10,339                 –     10,339
Share of revenue of joint ventures and associates                                15.2       (1,305)             –     (1,305)     (1,385)               –      (1,385)
Group revenue                                                                       2        9,236              –      9,236       8,954                –       8,954
Cost of sales                                                                               (8,132)             –     (8,132)     (8,173)               –      (8,173)
Gross profit                                                                                 1,104              –      1,104         781                –         781
Net operating expenses
– amortisation of intangible assets                                                 13            –          (82)        (82)           –             (48)        (48)
– other                                                                                        (851)         (23)       (874)       (582)              63       (519)
Group operating profit/(loss)                                                                   253         (105)        148         199               15        214
Share of results of joint ventures and associates                                15.2            85          (27)         58           81               –          81
Profit/(loss) from operations                                                       4           338         (132)        206         280               15        295
Investment income                                                                   6            46            –          46           32               –          32
Finance costs                                                                       7           (65)           –         (65)         (47)            (15)        (62)
Profit/(loss) before taxation                                                                   319         (132)        187         265                –        265
Taxation                                                                             9          (83)          39         (44)         (69)             15         (54)
Profit/(loss) for the year attributable to equity holders                                       236          (93)        143         196               15        211
* and amortisation of intangible assets (Note 13).
1
    Restated for the adoption of IFRIC 12 (Notes 1.2 and 37).
                                                                                                                                                      2010       20091,2
                                                                                                                                       Notes         pence      pence

Basic earnings per ordinary share                                                                                                        10          21.0       37.1
Diluted earnings per ordinary share                                                                                                      10          20.9       37.0

Dividends per ordinary share proposed for the year                                                                                       11          12.7       12.0
1
    Restated for the adoption of IFRIC 12 (Notes 1.2 and 37).
2
    Per share numbers have been restated for the bonus element of the 2009 rights issue (Note 28.2).




GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2010
                                                                                                                                                      2010        20091
                                                                                                                                       Notes           £m           £m

Profit for the year                                                                                                                                   143        211
Other comprehensive income/(expense) for the year
Currency translation differences                                                                                                                       43         (77)
Actuarial movements on retirement benefit obligations                                                                                                  87       (350)
Fair value revaluations – PPP financial assets                                                                                                         61         (81)
                        – PPP cash flow hedges                                                                                                        (67)           5
                        – other cash flow hedges                                                                                                       (2)          (2)
                        – available-for-sale investments in mutual funds                                                              16.1              4            –
Changes in fair value of net investment hedges                                                                                                          –          18
Tax relating to components of other comprehensive income                                                                                              (25)       120
Total other comprehensive income/(expense) for the year                                                                                               101       (367)
Total comprehensive income/(expense) for the year attributable to equity holders                                                      28.1            244       (156)
1
    Restated for the adoption of IFRIC 12 (Notes 1.2 and 37).




                                                                                                                                 Annual report and accounts 2010 103

				
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Description: Profit and loss account, also known as income statement, is the reflection of a certain accounting period operating results and the distribution of financial statements is a period of time the financial records of company performance, reflecting the time of the sales revenue, cost of sales , operating expenses and tax status, report the results for the company to achieve profits or losses of the formation.