Skip to main content

Consolidated income statement

For the year ended 31 December 2007 Notes 2007
£m
2006
£m
2005
£m
2007
$m2
2006
$m2
2005
$m2
Billings   31,665.5 30,140.7 26,673.7 63,536.8 55,435.0 48,090.6
 
Revenue 2 6,185.9 5,907.8 5,373.7 12,395.4 10,910.9 9,749.1
Direct costs   (335.5) (296.8) (241.0) (672.7) (547.2) (437.5)
Gross profit   5,850.4 5,611.0 5,132.7 11,722.7 10,363.7 9,311.6
Operating costs 3 (5,045.7) (4,869.4) (4,479.9) (10,104.2) (8,982.8) (8,127.3)
Operating profit 2 804.7 741.6 652.8 1,618.5 1,380.9 1,184.3
Share of results of associates 4 41.4 41.1 33.9 82.9 76.3 61.7
Profit before interest and taxation   846.1 782.7 686.7 1,701.4 1,457.2 1,246.0
Finance income 6 139.4 111.0 87.6 280.3 200.9 158.4
Finance costs 6 (266.1) (211.7) (182.3) (535.0) (386.9) (330.4)
Profit before taxation   719.4 682.0 592.0 1,446.7 1,271.2 1,074.0
Taxation 7 (204.3) (199.4) (194.0) (409.5) (371.6) (349.0)
Profit for the year   515.1 482.6 398.0 1,037.2 899.6 725.0
 
Attributable to:
Equity holders of the parent   465.9 435.8 363.9 938.2 812.4 663.5
Minority interests   49.2 46.8 34.1 99.0 87.2 61.5
    515.1 482.6 398.0 1,037.2 899.6 725.0
 
Headline PBIT 31 928.0 859.0 754.8 1,865.0 1,600.9 1,364.2
Headline PBIT margin 31 15.0% 14.5% 14.0% 15.0% 14.7% 14.0%
Headline PBT 31 817.3 766.3 669.0 1,642.7 1,430.5 1,207.7
 
Earnings per share1 9  
Basic earnings per ordinary share   39.6p 36.3p 30.3p 79.7¢ 67.6¢ 55.3¢
Diluted earnings per ordinary share   38.0p 35.2p 29.7p 76.6¢ 65.6¢ 54.2¢

Notes

The accompanying notes form an integral part of this income statement.

1The calculations of the Group's earnings per share and Headline earnings per share are set out in note 9.
2The consolidated income statement above is also expressed in US dollars for information purposes only and is unaudited. It has been prepared assuming the US dollar is the reporting currency of the Group, whereby local currency results are translated into US dollars at actual monthly average exchange rates in the period presented. Among other currencies, this includes an average exchange rate of US$2.0019 to the pound sterling for the year 2007 (2006: US$1.8432; 2005: US$1.8189). In prior years' Annual Reports, the US dollar income statement was prepared by applying the average US dollar exchange rate for the relevant year to the sterling denominated consolidated income statement for that year.