Year ended 31 July 2009
|
Notes |
2009
Before
exceptional
items
£m |
2009
Exceptional
items
(note 3)
£m |
2009
Total
£m |
2008
Before
exceptional
items
(restated)
£m |
2008
Exceptional
items
(restated)
(note 3)
£m |
2008
Total
(restated)
£m |
| Continuing operations |
|
|
|
|
|
|
|
| Revenue |
2 |
14,441 |
– |
14,441 |
14,814 |
– |
14,814 |
| Cost of sales |
|
(10,436) |
(28) |
(10,464) |
(10,632) |
(1) |
(10,633) |
| Gross profit |
|
4,005 |
(28) |
3,977 |
4,182 |
(1) |
4,181 |
| Distribution costs |
|
(2,831) |
(266) |
(3,097) |
(2,738) |
(61) |
(2,799) |
| Administrative expenses: |
|
|
|
|
|
|
|
| Amortisation of acquired intangibles |
|
(105) |
– |
(105) |
(105) |
– |
(105) |
| Impairment of acquired intangibles |
|
(490) |
– |
(490) |
(57) |
– |
(57) |
| Other |
|
(743) |
(164) |
(907) |
(693) |
(8) |
(701) |
| Administrative expenses: total |
|
(1,338) |
(164) |
(1,502) |
(855) |
(8) |
(863) |
| Other income |
|
16 |
– |
16 |
36 |
– |
36 |
| Operating (loss)/profit |
2 |
(148) |
(458) |
(606) |
625 |
(70) |
555 |
| Finance revenue |
4 |
72 |
– |
72 |
72 |
– |
72 |
| Finance costs |
5 |
(217) |
– |
(217) |
(228) |
– |
(228) |
| Share of after tax loss of associate |
6 |
(9) |
(6) |
(15) |
– |
– |
– |
| (Loss)/profit before tax |
|
(302) |
(464) |
(766) |
469 |
(70) |
399 |
| Tax income/(expense) |
7 |
(72) |
106 |
34 |
(182) |
25 |
(157) |
| (Loss)/profit from continuing operations |
|
(374) |
(358) |
(732) |
287 |
(45) |
242 |
| Loss from discontinued operations |
8 |
(265) |
(176) |
(441) |
(164) |
(4) |
(168) |
| (Loss)/profit for the year attributable to equity shareholders |
|
(639) |
(534) |
(1,173) |
123 |
(49) |
74 |
| (Loss)/earnings per share |
10 |
|
|
|
|
|
|
| Continuing operations and discontinued operations |
|
|
|
|
|
|
|
| Basic (loss)/earnings per share |
|
|
|
(558.0)p |
|
|
41.0p |
| Diluted (loss)/earnings per share |
|
|
|
(558.0)p |
|
|
40.9p |
| Continuing operations only |
|
|
|
|
|
|
|
| Basic (loss)/earnings per share |
|
|
|
(348.2)p |
|
|
134.0p |
| Diluted (loss)/earnings per share |
|
|
|
(348.2)p |
|
|
133.8p |
|
|
|
|
|
|
|
|
| Non-GAAP measures of performance |
10, 11 |
|
|
|
|
|
|
| Continuing operations only |
|
|
|
|
|
|
|
| Trading profit |
|
447 |
|
|
787 |
|
|
| Profit before tax, exceptional items and the amortisation and impairment of acquired intangibles |
|
293 |
|
|
631 |
|
|
| Basic earnings per share before exceptional items and the amortisation and impairment of acquired intangibles |
|
95.6p |
|
|
240.3p |
|
|
| Diluted earnings per share before exceptional items and the amortisation and impairment of acquired intangibles |
|
95.5p |
|
|
239.9p |
|
|
The income statement for 2008 has been restated to present Stock Building Supply as a discontinued operation.