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Presentation - Kier Group

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Income statementSix months to 31 DecemberChange2011£m2010£m%Operating profit:<strong>Group</strong>28.430.8-Joint ventures (JVs)0.51.4-Profit on disposal of PFI investments6.7--Total operating profit35.632.2+11Share of JVs:Finance cost(0.1)(0.7)-Tax(0.1)(0.1)-Profit from operations35.431.4+13Net finance cost(1.4)(0.1)-Profit before tax, amortisation and exceptional items34.031.3+9Amortisation of intangible assets(1.7)(1.7)-Profit before tax32.329.6+9Taxation(6.4)(7.0)-Minority interest(0.6)(0.3)-Profit after tax attributable to equity holders25.322.3+137

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