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Key financial data

blue arrow Consolidated Income Statement
blue arrow Consolidated Balance Sheet
blue arrow Consolidated Cash Flow

Consolidated Income Statement

  Notes 2007
£m
Restated*
2006
£m
Revenue 2 7,435 7,156
Cost of sales (6,003) (5,566)
Gross profit 1,432 1,590
Other operating income 3 50 57
Commercial and administrative costs (653) (632)
Research and development costs (381) (370)
Share of profit of joint ventures 10 66 47
Operating profit 514 692
(Loss)/profit on sale or termination of businesses 25 (2) 1
Profit before financing 2 512 693
 
Financing income 4 718 1,196
Financing costs 4 (497) (498)
Net financing 221 698
       
Profit before taxation1 3 733 1,391
Taxation 5 (133) (397)
Profit for the year 600 994
       
Attributable to:
Equity holders of the parent 606 998
Minority interests 20 (6) (4)
Profit for the year 600 994
       
Earnings per ordinary share:
Basic 6 33.67p 57.32p
Diluted 6 32.97p 55.14p
       
Payments to shareholders in respect of the year 16 (237) (172)
       
1 Underlying profit before taxation 2 800 705
       
* During the year the Group has reviewed the classification of costs. As a result, costs of £39mclassified as commercial and administrative costs in 2006 have been reclassified as cost of sales.