Consolidated income statement

 




Notes

Year ended
31 July 2009
£m

Year ended
31 July 2008
£m

Continuing operations

Revenue

1

2,664.6

2,321.2

Cost of sales

 

(1,447.5)

(1,265.5)

Gross profit

 

1,217.1

1,055.7

Sales and distribution costs

 

(370.5)

(311.8)

Administrative expenses

 

(419.7)

(445.4)

Profit on disposal of businesses

4

1.6

27.2

Operating profit

2

428.5

325.7

Comprising

 

 

 

– headline operating profit

3

417.5

380.6

– exceptional items, amortisation of acquired intangibles and other financing gains and losses

3

11.0

(54.9)

 

 

428.5

325.7

Interest receivable

 

2.1

2.2

Interest payable

 

(54.4)

(43.2)

Other financing (losses)/gains

 

(10.9)

(6.1)

Other finance income - retirement benefits

 

5.1

41.7

Finance costs

5

(58.1)

(5.4)

Share of post-tax profits/(losses) of associated companies

14

0.4

(1.0)

Profit before taxation

 

370.8

319.3

Comprising

 

 

 

– headline profit before taxation

3

370.7

380.3

– exceptional items, amortisation of acquired intangibles and other financing gains and losses

3

0.1

(61.0)

 

 

370.8

319.3

Taxation

6

(94.9)

(75.0)

Profit after taxation - continuing operations

 

275.9

244.3

(Loss)/profit after taxation - discontinued operations

7

(5.9)

24.5

Profit for the period

 

270.0

268.8

Attributable to:

 

 

 

Smiths Group shareholders

 

269.5

268.5

Minority interests

 

0.5

0.3

 

 

270.0

268.8

Earnings per share

9

 

 

Basic

 

69.3p

69.3p

Basic - continuing operations

 

70.8p

63.0p

Diluted

 

68.6p

68.5p

Diluted - continuing operations

 

70.1p

62.3p

 

References in the consolidated income statement, consolidated statement of recognised income and expense, consolidated balance sheet and consolidated cash-flow statement relate to notes to the accounts, which form an integral part of the consolidated accounts.



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Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect, Flex-Tek

 

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