Consolidated income statement

for the year ended 31 December 2007

		Year ended 31 December 2007			Year ended 31 December 2006
		Results excluding exceptional items and specific IAS 39 mark to market movements⁽ⁱ⁾	Exceptional items and specific IAS 39 mark to market movements⁽ⁱ⁾	Results for the year		Results excluding exceptional items and specific IAS 39 mark to market movements⁽ⁱ⁾	Exceptional items and specific IAS 39 mark to market movements⁽ⁱ⁾	Results for the year
Note		£m	£m	£m		£m	£m	£m
2	Revenue: Group and share of joint ventures and associates	3,872	(387)	3,485		3,645	138	3,783
15	Less: share of joint ventures’ revenue	(340)	–	(340)		(373)	(6)	(379)
15	Less: share of associates’ revenue	(820)	–	(820)		(820)	–	(820)
2	Group revenue	2,712	(387)	2,325		2,452	132	2,584
	Cost of sales	(1,927)	(2)	(1,929)		(1,807)	(32)	(1,839)
	Gross profit	785	(389)	396		645	100	745
3	Other operating income	96	–	96		83	19	102
3	Other operating expenses	(163)	(9)	(172)		(163)	–	(163)
2/15	Share of results of joint ventures and associates	186	12	198		208	6	214
	Profit from operations	904	(386)	518		773	125	898
8	Disposal of interests in businesses	–	289	289		–	–	–
4	Finance income	77	–	77		53	–	53
5	Finance expenses	(385)	(16)	(401)		(301)	(26)	(327)
	Net finance costs	(308)	(16)	(324)		(248)	(26)	(274)
	Profit before tax	596	(113)	483		525	99	624
9	Tax expense	(113)	159	46		(122)	(25)	(147)
3	Profit for the year	483	46	529		403	74	477

	Attributable to:
	Minority interests	77	(51)	26		71	(4)	67
	Equity holders of the parent	406	97	503		332	78	410

11	Earnings per share:
	Basic	27.1p		33.6p		22.4p		27.6p
	Diluted	25.7p		31.8p		21.3p		26.2p

All results are from continuing operations.

(i)The Group separately presents certain items as exceptional. These are items which, in the judgement of the Directors, need to be disclosed separately by virtue of their size or incidence in order for the reader to obtain a proper understanding of the financial information. In addition, in order to assist the reader to understand the underlying business performance, the Group separately discloses within the income statement specific IAS 39 mark to market movements (refer to note 1 and note 8).

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