Section image

Cherries
oil on canvas
22 x 20 in
1981

Penny Machines
oil on canvas
23¾ x 29¾ in
1961

Stack of Books
oil on canvas
30 x 24 in
n.d.

Seven Suckers
oil on canvas
19 x 23 in
1970

Twin Jackpots
oil on canvas
30 x 46 in
1962

Ties
oil on canvas
20 x 26 in
1980

Cake Slices
oil on canvas
20 x 16 in
n.d.

Consolidated income statement

For the year ended 31 December 2009   2009 2008 2007 2009 2008 2007
  Notes £m £m £m $m3 $m3 $m3
Billings1   37,919.4 36,929.0 31,665.5 59,388.7 67,381.0 63,536.8
               
Revenue 2 8,684.3 7,476.9 6,185.9 13,598.2 13,598.4 12,395.4
Direct costs   (703.6) (467.5) (335.5) (1,103.8) (827.2) (672.7)
Gross profit   7,980.7 7,009.4 5,850.4 12,494.4 12,771.2 11,722.7
Operating costs 3 (7,219.0) (6,133.4) (5,045.7) (11,275.6) (11,195.2) (10,104.2)
Operating profit   761.7 876.0 804.7 1,218.8 1,576.0 1,618.5
Share of results of associates 4 57.0 46.0 41.4 91.2 83.7 82.9
Profit before interest and taxation   818.7 922.0 846.1 1,310.0 1,659.7 1,701.4
Finance income 6 150.4 169.6 139.4 241.4 316.9 280.3
Finance costs 6 (355.4) (319.4) (250.1) (562.3) (588.4) (502.7)
Revaluation of financial instruments 6 48.9 (25.4) (16.0) 80.1 (37.3) (32.3)
Profit before taxation   662.6 746.8 719.4 1,069.2 1,350.9 1,446.7
Taxation 7 (155.7) (232.9) (204.3) (249.3) (416.7) (409.5)
Profit for the year   506.9 513.9 515.1 819.9 934.2 1,037.2
               
Attributable to:              
Equity holders of the parent   437.7 439.1 465.9 708.1 803.5 938.2
Minority interests   69.2 74.8 49.2 111.8 130.7 99.0
    506.9 513.9 515.1 819.9 934.2 1,037.2
               
Headline PBIT 31 1,017.2 1,118.2 928.0 1,622.7 1,984.4 1,865.0
Headline PBIT margin 31 11.7% 15.0% 15.0% 11.9% 14.6% 15.0%
Headline PBT 31 812.2 968.4 817.3 1,301.8 1,712.8 1,642.7
               
Earnings per share2 9            
Basic earnings per ordinary share   35.9p 38.4p 39.6p 58.1¢ 70.3¢ 79.7¢
Diluted earnings per ordinary share   35.3p 37.6p 38.0p 57.2¢ 68.7¢ 76.6¢
Notes
The accompanying notes form an integral part of this consolidated income statement.
1
Billings is defined in the 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$1.5667 to the pound sterling for the year 2009 (2008: US$1.8524; 2007: US$2.0019).

Share This

Close