Rolls-Royce - Historical data

Income statement/Profit and loss account	Notes	2007 £m	2006 £m	2005 £m	2004 £m	2003¹ £m



Revenue/Group turnover		7,435	7,156	6,603	5,947	5,645



Profit before net research and development and share of joint venture profit		827	1,016	1,113	686	499



Research and development (net)	1	(381)	(370)	(282)	(288)	(281)



Share of profit of joint ventures	2	66	47	46	19	52



Profit before financing/profit on ordinary activities before interest		512	693	877	417	270



Net financing costs/interest payable	3	221	698	(400)	(53)	(90)



Profit before taxation		733	1,391	477	364	180



Taxation	4	(133)	(397)	(130)	(100)	(64)



Profit for the year		600	994	347	264	116




Attributable to:



Equity holders of the parent		606	998	350	263	116



Minority interest		(6)	(4)	(3)	1	—



		600	994	347	264	116




Notes



1 Research and development (gross)		(824)	(747)	(663)	(601)	(619)



2 Under Adopted IFRS, share of profit of joint ventures is net of share of interest and taxation charges of		(28)	(35)	(34)	(31)	—



3 Under UK GAAP, interest payable includes the joint ventures share of		—	—	—	—	(24)



4 Under UK GAAP, taxation includes the joint ventures share of		—	—	—	—	(10)



¹ Amounts as previously reported under UK GAAP.