Basic HTML Version
Consolidated Income Statement
For the year to 28 February 2011
49
Financial Statements
Notes
Restated
Year to
Year to
28.02.2011
28.02.2010
£’000
£’000
Revenue
5
500,395
447,661
Operating expenses - underlying
3
(463,484)
(413,281)
Share of post tax profits/(losses) of associates and joint ventures
accounted for using the equity method
22
624
(131)
Underlying operating profit
3
37,535
34,249
Share-based payments
23
(467)
(2,504)
Less: share-based payments associated
with the disposal of Widnes assets
-
1,758
Share based payments on underlying profit
(467)
(746)
Costs due to extreme weather
3
(1,830)
-
New territory business set up costs
3
(2,654)
-
Transaction costs written off
3
(59)
-
Restructuring costs
3
(479)
(2,746)
Gain in value of property asset held for sale
16
2,050
-
Net profit on disposal of Widnes assets (after costs)
3
-
8,258
Profit before interest and tax
34,096
39,015
Finance costs
7
(5,553)
(6,650)
Finance income
6
924
928
Profit before tax
3
29,467
33,293
Income tax
8
(6,229)
(5,071)
Profit for the year
23,238
28,222
Profit for the year attributable to equity holders of the parent
23,238
28,222
Earnings per ordinary share
Basic
9
9.03p
11.74p
Diluted
9
9.02p
11.58p