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Unaudited condensed consolidated interim income statement: Reportable Euro illustration

Interim results for the six months ended 30 June 2011 in reportable Euros1

Unaudited illustrative condensed consolidated interim income statement
for the six months ended 30 June 2011
Six months
ended
30 June
2011
€m
Six months
ended???
30 June
2010
€m
+/(-)% Year ended
31 December
2010
€m
Billings 24,610.3 23,435.1 5.0 49,778.7
         
Revenue 5,423.9 5,115.5 6.0 10,888.9
Direct costs (414.5) (415.7) 0.3 (898.9)
Gross profit 5,009.4 4,699.8 6.6 9,990.0
Operating costs (4,518.3) (4,304.4) (5.0) (8,850.1)
Operating profit 491.1 395.4 24.2 1,139.9
Share of results of associates 28.0 25.8 8.5 64.5
Profit before interest and taxation 519.1 421.2 23.2 1,204.4
Finance income 51.4 45.0 14.2 96.5
Finance costs (167.7) (158.9) (5.5) (324.0)
Revaluation of financial instruments (23.1) (23.6) 2.1 21.0
Profit before taxation 379.7 283.7 33.8 997.9
Taxation (81.9) (72.0) (13.8) (224.8)
Profit for the period 297.8 211.7 40.7 773.1
         
Attributable to:        
Equity holders of the parent 261.1 176.5 47.9 687.0
Non-controlling interests 36.7 35.2 (4.3) 86.1
  297.8 211.7 40.7 773.1
         
Headline PBIT 591.3 528.4 11.9 1,438.7
Headline PBIT margin 10.9% 10.3%   13.2%
Headline PBT 475.0 414.4 14.6 1,211.3
         
         
Reported earnings per share2        
Basic earnings per ordinary share 21.0¢ 14.4¢ 45.8 55.7¢
Diluted earnings per ordinary share 20.5¢ 14.1¢ 45.4 53.8¢
         
         
Headline earnings per share2        
Basic earnings per ordinary share 26.8¢ 22.9¢ 17.0 69.5¢
Diluted earnings per ordinary share 25.9¢ 22.3¢ 16.1 66.4¢

Notes

  1. 1 The unaudited consolidated income statement above is presented in reportable Euros for information purposes only and has been prepared assuming the Euro is the reporting currency of the Group, whereby local currency results are translated into Euros at actual monthly average exchange rates in the periods presented. Among other currencies, this includes an average exchange rate of €1.1525 to the pound for the period ended 30 June 2011 (period ended 30 June 2010: €1.1505; year ended 31 December 2010: €1.1664).
  2. 2The basis of the calculations of the Group’s earnings per share and headline earnings per share are set out in note 9.