Consolidated income statement

for the year ended 30 September 2006
             
  Notes Before
exceptional
items
£m		   Exceptional
items
(Note 2)
£m		   Total
2006
£m		   Before
exceptional
items
£m		   Exceptional
items
(Note 2)
£m		   Total
2005
£m		  
Continuing operations:                          
Revenue 1 10,815   –   10,815   10,073   –   10,073  
Operating costs   (10,309 ) –   (10,309 ) (9,577 ) (108 ) (9,685 )
Operating profit 1 506   –   506   496   (108 ) 388  
Share of profit of associates   2   –   2   –   –   –  
Total operating profit   508   –   508   496   (108 ) 388  
Finance income   15   –   15   4   –   4  
Finance costs   (160 ) –   (160 ) (156 ) –   (156 )
Hedge accounting ineffectiveness   11   –   11   (3 ) –   (3 )
Profit before tax   374   –   374   341   (108 ) 233  
Income tax expense   (113 ) 44   (69 ) (96 ) (1 ) (97 )
Profit for the year from continuing operations 1 261   44   305   245   (109 ) 136  
Discontinued operations:                          
Profit/(loss) for the year from discontinued operations 3 17   (27 ) (10 ) 114   (41 ) 73  
Profit for the year   278   17   295   359   (150 ) 209  
Attributable to:                          
Equity shareholders of the Company   268   17   285   345   (150 ) 195  
Minority interest   10   –   10   14   –   14  
    278   17   295   359   (150 ) 209  
Basic earnings per share 4                        
From continuing operations           13.7p           5.7p  
From discontinued operations           (0.4)p           3.3p  
From continuing and discontinued operations           13.3p           9.0p  
Diluted earnings per share 4                        
From continuing operations           13.7p           5.7p  
From discontinued operations           (0.4)p           3.3p  
From continuing and discontinued operations           13.3p           9.0p  
                           

Consolidated statement of recognised income and expense

for the year ended 30 September 2006
     
  Notes 2006
£m		   2005
£m		  
Fair value movement on cash flow hedges   4   7  
Currency translation differences   (7 ) 14  
Actuarial losses on post-employment benefits   (37 ) (157 )
Tax on items taken directly to equity   3   33  
Net loss recognised directly in equity   (37 ) (103)  
Transfer to profit or loss from equity of cumulative translation differences on discontinued activities   2   –  
Transfer to profit or loss from equity on cash flow hedges   (6 ) –  
Net expense recognised in equity   (41 ) (103 )
Profit for the financial year   295   209  
Total recognised income and expense for the year 6 254   106  
Attributable to:          
Equity shareholders of the Company   248   92  
Minority interest   6   14  
    254   106  
           

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The Annual Review 2006 does not contain sufficient information to allow a full understanding of the results of the Group. The separate Annual Report 2006 constitutes the full Annual Financial Statements and can be downloaded in PDF format (3.2Mb) from this site.