2008 Summary Financial Review
Summary Financial Statement
Group Income Statement
Group Income Statement for the year ended 31 December 2008
| Notes | 2008 $million | 2007(b) $million | |
|---|---|---|---|
| Revenue | 3 | 3,801 | 3,369 |
| Cost of goods sold | (1,077) | (994) | |
| Gross profit | 2,724 | 2,375 | |
| Selling, general and administrative expenses | (1,942) | (1,740) | |
| Research and development expenses | (152) | (142) | |
| Operating profit | 4 | 630 | 493 |
| Interest receivable | 5 | 10 | |
| Interest payable | (71) | (40) | |
| Other finance (costs)/income | (1) | 6 | |
| Share of results of associates | 1 | - | |
| Profit before taxation | 564 | 469 | |
| Taxation | 10 | (187) | (153) |
| Attributable profit for the year (a) | 377 | 316 | |
| Earnings per share (a) | |||
| Basic | 42.6¢ | 34.2¢ | |
| Diluted | 42.4¢ | 34.1¢ |
Condensed Group Statement of Recognised Income & Expense for the year ended 31 December 2008
| 2008 $million | 2007(b) $million | |
|---|---|---|
| Translation adjustments | (99) | 47 |
| Net gains/(losses) on cash flow hedges | 4 | (14) |
| Actuarial losses on defined pension plans | (215) | (22) |
| Taxation on items taken directly to equity | 71 | 8 |
| Net (expense)/income recognised directly in equity | (239) | 19 |
| Attributable profit for the year | 377 | 316 |
| Total recognised income and expense for the year (a) | 138 | 335 |
- Attributable to the equity holders of the parent and wholly derived from continuing operations.
- As adjusted for the final fair value adjustments relating to the Plus acquisition - see Note 6.