Full Annual Report - Inchcape

Financial statements
Consolidated income statement
For the year ended 31 December 2009
Notes
Before
exceptional
items
2009
£m
Exceptional
items
2009
£m
Total
2009
£m
Before
exceptional
items
2008
£m
Exceptional
items
2008
£m
Revenue 1, 3 5,583.7 – 5,583.7 6,259.8 – 6,259.8
Cost of sales (4,757.0) – (4,757.0) (5,358.8) (1.8) (5,360.6)
Gross profit 826.7 – 826.7 901.0 (1.8) 899.2
Net operating expenses 3 (651.5) (18.4) (669.9) (660.5) (80.7) (741.2)
Operating profit 175.2 (18.4) 156.8 240.5 (82.5) 158.0
Share of profit after tax of joint ventures and associates 13 0.7 – 0.7 2.2 – 2.2
Profit before finance and tax 175.9 (18.4) 157.5 242.7 (82.5) 160.2
Finance income 6 52.1 – 52.1 68.4 – 68.4
Finance costs 7 (72.9) – (72.9) (120.4) – (120.4)
Profit before tax 155.1 (18.4) 136.7 190.7 (82.5) 108.2
Tax 2, 8 (43.5) 1.8 (41.7) (49.3) (3.6) (52.9)
Profit for the year 111.6 (16.6) 95.0 141.4 (86.1) 55.3
Profit attributable to:
– Equity holders of the parent 92.0 51.4
– Minority interests 3.0 3.9
95.0 55.3
Basic earnings per share (pence)* 9 2.3p 1.9p
Diluted earnings per share (pence)* 9 2.3p 1.9p
* Earnings per share for 2008 have been restated to reflect the bonus element of the Rights Issue.
Total
2008
£m
78
Inchcape plc ¦ Annual Report and Accounts 2009