Consolidated income statement (unaudited)

Notes

Period ended
31 January
2009
£m

Period ended
2 February
2008
£m

Year ended
31 July
2008
£m

Continuing operations

Revenue

2

1,291.6

1,087.8

2,321.2

Cost of sales

(705.0)

(595.9)

(1,265.5)

Gross profit

586.6

491.9

1,055.7

Sales and distribution costs

(186.1)

(151.9)

(311.8)

Administrative expenses

– normal activities

(225.0)

(191.5)

(396.4)

– provision for John Crane, Inc. litigation

4

(16.2)

(5.7)

(49.0)

Profit on disposal of businesses

4

0.7

27.0

27.2

Operating profit

2

160.0

169.8

325.7

Interest receivable

8.0

5.7

2.2

Interest payable

(28.9)

(25.5)

(43.2)

Other financing losses

3

(6.3)

(5.2)

(6.1)

Other finance income – retirement benefits

2.4

20.6

41.7

Finance costs

(24.8)

(4.4)

(5.4)

Share of post-tax losses of associated companies

(1.0)

Profit before taxation

135.2

165.4

319.3

Comprising

– headline profit before taxation

3

166.6

158.9

380.3

– exceptional items

4

  • profit on disposal of businesses

0.7

27.0

27.2

  • provision for John Crane, Inc. litigation

(19.9)

(8.2)

(53.7)

  • other

5.1

(2.4)

(13.6)

– amortisation of acquired intangible assets

(14.7)

(7.2)

(19.2)

– other financing losses

(2.6)

(2.7)

(1.7)

135.2

165.4

319.3

Taxation

5

(26.2)

(32.5)

(75.0)

Profit after taxation – continuing operations

109.0

132.9

244.3

(Loss)/profit after taxation – discontinued operations

(0.1)

8.5

24.5

Profit for the period

108.9

141.4

268.8

Attributable to

Smiths Group shareholders

108.6

141.4

268.5

Minority interests

0.3

0.3

108.9

141.4

268.8

Earnings per share

7

Basic

28.0p

36.5p

69.3p

Basic – continuing operations

28.0p

34.3p

63.0p

Diluted

27.7p

36.0p

68.5p

Diluted – continuing operations

27.7p

33.8p

62.3p

Dividends per share (declared)

6

– interim

10.5p

10.5p

10.5p

– final

23.5p

10.5p

10.5p

34.0p