Group OverviewSenior Management ReviewOperating and Financial ReviewDirectors’ ReportsAccountsShareholder Information

For the Year Ended 31 December 2006

  Note Total before
goodwill
impairment,
intangible
amortisation
and
exceptional
items
2006
£m		 Goodwill
impairment,
intangible
amortisation
and
exceptional
items
2006
£m		 Total
2006
£m		 Total before
goodwill
impairment
intangible
amortisation
and
exceptional
items
2005
£m		 Goodwill
impairment,
intangible
amortisation
and
exceptional
items
2005
£m		 Total
2005
£m
Continuing operations              
Revenue 4 2,525.5 – 2,525.5 2,216.0 – 2,216.0
Operating costs before goodwill impairment, intangible amortisation and exceptional items   (2,340.7) – (2,340.7) (2,060.5) – (2,060.5)
Goodwill impairment 5 – (20.2) (20.2) – (33.3) (33.3)
Intangible amortisation 5 – (27.8) (27.8) – (4.9) (4.9)
Exceptional items 5 – 4.8 4.8 – (7.8) (7.8)
Total operating costs   (2,340.7) (43.2) (2,383.9) (2,060.5) (46.0) (2,106.5)
Group operating profit   184.8 (43.2) 141.6 155.5 (46.0) 109.5
Profit on disposal of non-current assets 5 – 16.9 16.9 – – –
Profit from operations   184.8 (26.3) 158.5 155.5 (46.0) 109.5
Share of post tax results from associates and joint ventures accounted for using the equity method 18 (3.8) (25.7) (29.5) (8.8) – (8.8)
Finance income 9 12.4 – 12.4 10.8 – 10.8
Finance costs 9 (37.3) – (37.3) (22.2) – (22.2)
Profit before tax   156.1 (52.0) 104.1 135.3 (46.0) 89.3
Tax expense 10 (39.2) 15.6 (23.6) (29.5) 2.0 (27.5)
Profit after tax for the year from continuing operations   116.9 (36.4) 80.5 105.8 (44.0) 61.8
(Loss)/profit for the year from discontinued operations 11 – (3.2) (3.2) 3.8 (68.3) (64.5)
Profit/(loss) for the year   116.9 (39.6) 77.3 109.6 (112.3) (2.7)
Profit/(loss) attributable to equity shareholders   116.1 (39.6) 76.5 109.5 (112.3) (2.8)
Profit attributable to minority interests   0.8 – 0.8 0.1 – 0.1
    116.9 (39.6) 77.3 109.6 (112.3) (2.7)
Earnings/(loss) per share:              
– basic earnings/(loss) per share 13     50.7p     (2.0p)
– diluted earnings/(loss) per share 13     50.4p     (2.0p)
Normalised earnings per share:              
– basic earnings per share 13  77.0p     77.4p    
– diluted earnings per share 13 76.5p     76.3p    
Earnings per share from continuing operations:              
– basic earnings per share 13     52.8p     45.2p
– diluted earnings per share 13     52.5p     44.5p
Dividends per ordinary share:              
– interim       10.75p     10.00p
– final       24.00p     22.25p
        34.75p     32.25p

Dividends of £50.1m were paid during the year (2005: £41.6m). Dividends of £52.5m were proposed for approval during the year (2005: £47.0m).

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