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Unaudited condensed consolidated interim income statement: Reportable US dollar illustration

Interim results for the six months ended 30 June 2011 in reportable US Dollars1

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 34,599.1 30,904.4 12.0 65,961.2
         
Revenue 7,621.7 6,756.6 12.8 14,416.2
Direct costs (582.5) (548.5) (6.2) (1,190.0)
Gross profit 7,039.2 6,208.1 13.4 13,226.2
Operating costs (6,338.6) (5,703.5) (11.1) (11,728.2)
Operating profit 700.6 504.6 38.8 1,498.0
Share of results of associates 39.8 33.6 18.5 85.3
Profit before interest and taxation 740.4 538.2 37.6 1,583.3
Finance income 72.6 60.2 20.6 126.0
Finance costs (235.7) (211.5) (11.4) (427.8)
Revaluation of financial instruments (33.2) (28.9) (14.9) 30.1
Profit before taxation 544.1 358.0 52.0 1,311.6
Taxation (115.8) (92.4) (25.3) (294.4)
Profit for the period 428.3 265.6 61.3 1,017.2
         
Attributable to:        
Equity holders of the parent 376.3 217.4 73.1 901.0
Non-controlling interests 52.0 48.2 (7.9) 116.2
  428.3 265.6 61.3 1,017.2
         
Headline PBIT 840.9 679.6 23.7 1,893.3
Headline PBIT margin 11.0% 10.1%   13.1%
Headline PBT 677.9 528.2 28.3 1,591.5
         
         
Reported earnings per share2        
Basic earnings per ordinary share 30.2¢ 17.8¢ 69.7 73.1¢
Diluted earnings per ordinary share 29.5¢ 17.3¢ 70.5 70.6¢
         
         
Headline earnings per share2        
Basic earnings per ordinary share 38.3¢ 28.7¢ 33.4 91.1¢
Diluted earnings per ordinary share 37.0¢ 28.0¢ 32.1 87.1¢

Notes

  1. 1The unaudited consolidated income statement above is presented in reportable US dollars for information purposes only and 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 periods presented. Among other currencies, this includes an average exchange rate of US$1.6158 to the pound for the period ended 30 June 2011 (period ended 30 June 2010: US$1.5257; year ended 31 December 2010: US$1.5461).
  2. 2The basis of the calculations of the Group’s earnings per share and headline earnings per share are set out in note 9.