Consolidated income statement

For the year ended 31 December 2008
 
Notes 2008
£m
2007
£m
2006
£m
2008
$m
3
2007
$m3
2006
$m3
Billings1   36,929.0 31,665.5 30,140.7 67,381.0 63,536.8 55,435.0
 
Revenue 2 7,476.9 6,185.9 5,907.8 13,598.4 12,395.4 10,910.9
Direct costs   (467.5) (335.5) (296.8) (827.2) (672.7) (547.2)
Gross profit   7,009.4 5,850.4 5,611.0 12,771.2 11,722.7 10,363.7
Operating costs 3 (6,133.4) (5,045.7) (4,869.4) (11,195.2) (10,104.2) (8,982.8)
Operating profit 2 876.0 804.7 741.6 1,576.0 1,618.5 1,380.9
Share of results of associates 4 46.0 41.4 41.1 83.7 82.9 76.3
Profit before interest and taxation   922.0 846.1 782.7 1,659.7 1,701.4 1,457.2
Finance income 6 169.6 139.4 111.0 316.9 280.3 200.9
Finance costs 6 (344.8) (266.1) (211.7) (625.7) (535.0) (386.9)
Profit before taxation   746.8 719.4 682.0 1,350.9 1,446.7 1,271.2
Taxation 7 (232.9) (204.3) (199.4) (416.7) (409.5) (371.6)
Profit for the year   513.9 515.1 482.6 934.2 1,037.2 899.6
 
Attributable to:              
Equity holders of the parent   439.1 465.9 435.8 803.5 938.2 812.4
Minority interests   74.8 49.2 46.8 130.7 99.0 87.2
    513.9 515.1 482.6 934.2 1,037.2 899.6
 
Headline PBIT 31 1,118.2 928.0 859.0 1,984.4 1,865.0 1,600.9
Headline PBIT margin 31 15.0% 15.0% 14.5% 14.6% 15.0% 14.7%
Headline PBT 31 968.4 817.3 766.3 1,712.8 1,642.7 1,430.5
 
Earnings per share2 9            
Basic earnings per ordinary share   38.4p 39.6p 36.3p 70.3¢ 79.7¢ 67.6¢
Diluted earnings per ordinary share   37.6p 38.0p 35.2p 68.7¢ 76.6¢ 65.6¢

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

1
Billings is defined in the Financial glossary.
2
The calculations of the Group’s earnings per share and headline earnings per share are set out in note 9.
3
The 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$1.8524 to the pound sterling for the year 2008 (2007: US$2.0019; 2006: US$1.8432).

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