Group income statement

For the year ended 31 December

Notes 2010
£m		 2009
£m
Gross turnover (including duty, excise and other taxes of £28,972 million (2009: £26,505 million)) 43,855 40,713
Revenue 2 14,883 14,208
Raw materials and consumables used   (3,695) (3,983)
Changes in inventories of finished goods and work in progress   (12) 35
Employee benefit costs 3a (2,550) (2,317)
Depreciation, amortisation and impairment costs 3b (897) (611)
Other operating income 3c 207 196
Other operating expenses 3d (3,618) (3,427)
Profit from operations 2 4,318 4,101
       
Analysed as:    
– adjusted profit from operations 2 4,984 4,461
– restructuring and integration costs 3e (311) (304)
– amortisation of trademarks 3f (62) (58)
– impairment of trademarks 3g (44)
– goodwill impairment 3g (249)
– gains on disposal of businesses and trademarks 3h 2
  4,318 4,101
 
Finance income   27 77
Finance costs   (507) (581)
Net finance costs 4 (480) (504)
       
Share of post-tax results of associates and joint ventures 5 550 483
Analysed as:      
– adjusted share of post-tax results of associates and joint ventures 2 622 541
– trademark amortisation and impairments 5 (1) (65)
– health plan credit 5   16
– Canadian settlements 5 (59)  
– dilution in shareholding 5 (9)  
– restructuring costs 5 (3) (9)
  550 483
 
Profit before taxation   4,388 4,080
Taxation on ordinary activities 6 (1,248) (1,124)
Profit for the year 3,140 2,956
       
Attributable to:    
Owners of the parent   2,879 2,713
Non-controlling interests 261 243
3,140 2,956
       
Earnings per share    
Basic 7 145.2p 137.0p
Diluted 7 144.4p 136.3p

All of the activities during both years are in respect of continuing operations.

The accompanying notes are an integral part of the Group financial statements.


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