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Consolidated income statement

For the year ended 31 December 2010 Notes 2010
£m
2009
£m
2008
£m
2010
$m3
2009
$m3
2008
$m3
Billings1   42,683.6 37,919.4 36,929.0 65,961.2 59,388.7 67,381.0
               
Revenue 2 9,331.0 8,684.3 7,476.9 14,416.2 13,598.2 13,598.4
Direct costs   (770.5) (703.6) (467.5) (1,190.0) (1,103.8) (827.2)
Gross profit   8,560.5 7,980.7 7,009.4 13,226.2 12,494.4 12,771.2
Operating costs 3 (7,587.5) (7,219.0) (6,133.4) (11,728.2) (11,275.6) (11,195.2)
Operating profit   973.0 761.7 876.0 1,498.0 1,218.8 1,576.0
Share of results of associates 4 55.2 57.0 46.0 85.3 91.2 83.7
Profit before interest and taxation   1,028.2 818.7 922.0 1,583.3 1,310.0 1,659.7
Finance income 6 81.7 150.4 169.6 126.0 241.4 316.9
Finance costs 6 (276.8) (355.4) (319.4) (427.8) (562.3) (588.4)
Revaluation of financial instruments 6 18.2 48.9 (25.4) 30.1 80.1 (37.3)
Profit before taxation   851.3 662.6 746.8 1,311.6 1,069.2 1,350.9
Taxation 7 (190.3) (155.7) (232.9) (294.4) (249.3) (416.7)
Profit for the year   661.0 506.9 513.9 1,017.2 819.9 934.2
               
Attributable to:              
Equity holders of the parent   586.0 437.7 439.1 901.0 708.1 803.5
Non-controlling interests   75.0 69.2 74.8 116.2 111.8 130.7
    661.0 506.9 513.9 1,017.2 819.9 934.2
               
Headline PBIT 31 1,228.7 1,017.2 1,118.2 1,893.3 1,622.7 1,984.4
Headline PBIT margin 31 13.2% 11.7% 15.0% 13.1% 11.9% 14.6%
Headline PBT 31 1,033.6 812.2 968.4 1,591.5 1,301.8 1,712.8
               
Earnings per share2              
Basic earnings per ordinary share 9 47.5p 35.9p 38.4p 73.1¢ 58.1¢ 70.3¢
Diluted earnings per ordinary share 9 45.9p 35.3p 37.6p 70.6¢ 57.2¢ 68.7¢
Notes
The accompanying notes form an integral part of this consolidated 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$1.5461 to the pound sterling for the year 2010 (2009: US$1.5667, 2008: US$1.8524).