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Consolidated Income Statement

Financial year ended 1 February 2009

Note 2009
(52 weeks)
£m		 2008
(53 weeks)
£m
Continuing operations
Revenue 1 804.4 744.7
Cost of sales (485.6) (449.2)
Gross profit 318.8 295.5
Net operating expenses
– before restructuring costs (230.0) (207.5)
– restructuring costs 2 (3.4) –
Total net operating expenses 2 (233.4) (207.5)
Operating profit
– before restructuring costs 88.8 88.0
– restructuring costs 2 (3.4) –
Total operating profit 1 85.4 88.0
Finance income (interest receivable) 3 0.7 0.9
Finance costs
– interest payable (12.6) (11.7)
– preference dividends (3.5) (5.6)
– premium on redemption of preference shares 15 (0.9) (1.3)
– gain on purchase of preference shares 15 3.7 0.9
Total finance costs 3 (13.3) (17.7)
Profit before taxation 4 72.8 71.2
Taxation 5 (21.1) (21.4)
Profit after taxation from continuing operations 51.7 49.8
Loss after taxation from discontinued operations 23 – (13.5)
Profit attributable to ordinary shareholders 21 51.7 36.3
Earnings per share (pence) 6
Basic 14.3p 10.0p
Diluted 14.2p 9.9p
Earnings per share from continuing operations (pence) 6
Basic 14.3p 13.7p
Diluted 14.2p 13.6p
Ordinary dividends 7
Interim – proposed 4.2p 4.0p
Final – proposed 5.2p 5.2p
Paid 9.4p 9.0p
Impact on shareholders’ funds (£m) 34.0 32.7

Consolidated Statement of Recognised Income and Expense

Financial year ended 1 February 2009

Note 2009
(52 weeks)
£m		 2008
(53 weeks)
£m
Profit after taxation 51.7 36.3
Net exchange adjustments net of tax credit of £12.5 million (2008: tax credit of £1.4 million) 21 11.6 6.6
Actuarial losses on pensions and other post-retirement obligations 21/27 (85.1) (1.8)
Deferred tax credit on actuarial losses on pensions and other post-retirement obligations 21 31.3 0.8
Net (losses)/gains not recognised in the income statement (42.2) 5.6
Total recognised income for the financial year attributable to ordinary shareholders 9.5 41.9

The accounting policies and notes are an integral part of these Consolidated Financial Statements.