Annual Report 2014

GROUP INCOME STATEMENT

For the year ended 28 February 2014

 

Year ended 28 February 2014

Year ended 28 February 2013

 

(restated)

 

Before

Exceptional

Before

Exceptional

 

exceptional

items

exceptional

items

 

items

(note 6)

Total

items

(note 6)

Total

 

Notes

€m

€m

€m

€m

€m

€m

 

Revenue

2

912.9

-

912.9

724.1

-

724.1

Excise duties

(292.7)

-

(292.7)

(247.2)

-

(247.2)

 

Net revenue

2

620.2

-

620.2

476.9

-

476.9

Operating costs

3

(493.5)

(20.7)

(514.2)

(362.3)

(4.6)

(366.9)

 

Operating profit

2

126.7

(20.7)

106.0

114.6

(4.6)

110.0

Finance income

7

-

-

-

0.1

-

0.1

Finance expense

7

(11.0)

-

(11.0)

(5.0)

-

(5.0)

Share of equity accounted investees’ profit after tax

14

0.5

-

0.5

-

-

-

 

Profit before tax

116.2

(20.7)

95.5

109.7

(4.6)

105.1

Income tax (expense)/credit

8

(15.1)

2.9

(12.2)

(16.0)

0.3

(15.7)

 

Profit for the year attributable to equity shareholders

101.1

(17.8)

83.3

93.7

(4.3)

89.4

 

Basic earnings per share (cent)

10

24.7c

27.2c

Diluted earnings per share (cent)

10

24.3c

26.6c

 

On behalf of the Board

Sir B Stewart

S Glancey

Chairman

Group Chief Executive Officer