 |
Consolidated income statement
Six months ended 30 June 2006
|
Six months
ended
30 June 2006
US$m(1) |
|
Six months
ended
30 June 2006
£m |
|
Six
months
ended
30 June 2005
£m |
|
Year ended
31 Dec. 2005
£m |
| |
Sales |
7,452 |
|
4,028 |
|
3,946 |
|
8,214 |
Duty |
(5,025) |
|
(2,716) |
|
(2,698) |
|
(5,611) |
Other cost of goods sold |
(1,432) |
|
(774) |
|
(740) |
|
(1,510) |
Cost of goods sold |
(6,457) |
|
(3,490) |
|
(3,438) |
|
(7,121) |
Gross profit |
995 |
|
538 |
|
508 |
|
1,093 |
Distribution, advertising and selling costs |
(327) |
|
(177) |
|
(161) |
|
(340) |
Administrative expenses |
(146) |
|
(79) |
|
(79) |
|
(158) |
Other income |
23 |
|
13 |
|
1 |
|
4 |
Operating profit |
545 |
|
295 |
|
269 |
|
599 |
Share of post-tax results of joint ventures and associates |
22 |
|
12 |
|
7 |
|
17 |
Total profit from operations(2) |
567 |
|
307 |
|
276 |
|
616 |
Interest and other finance income |
80 |
|
43 |
|
40 |
|
77 |
Interest and other finance expense |
(168) |
|
(91) |
|
(91) |
|
(177) |
Finance costs - net |
(88) |
|
(48) |
|
(51) |
|
(100) |
Profit before taxation |
479 |
|
259 |
|
225 |
|
516 |
Taxation |
(133) |
|
(72) |
|
(65) |
|
(144) |
Profit for the period |
346 |
|
187 |
|
160 |
|
372 |
Attributable to: |
|
|
|
|
|
|
|
- equity shareholders |
342 |
|
185 |
|
158 |
|
369 |
- minority interests |
4 |
|
2 |
|
2 |
|
3 |
|
346 |
|
187 |
|
160 |
|
372 |
Earnings per share for profit attributable to equity shareholders (see note 7) : |
|
|
|
|
|
|
|
- basic |
52.2c |
|
28.2p |
|
24.3p |
|
56.5p |
- diluted |
52.0c |
|
28.1p |
|
24.2p |
|
56.4p |
Notes:
- US dollar equivalents are provided for reader convenience at the 30 June 2006 exchange rate of £1 : US$1.850.
- Details of exceptional items are set out in note 3 to the interim statements. Excluding the impact of net exceptional items of £6m (six months ended 30 June 2005 : £29m; year ended 31 December 2005 : £35m) and amortisation of intangible assets of £10m (six months ended 30 June 2005 : £9m; year ended 31 December 2005 : £19m), total profit from operations is £323m (six months ended 30 June 2005 : £314m; year ended 31 December 2005 : £670m).
Source : interim results 2006 news release
|