Half-yearly analyses of profit
The figures shown below have been produced using average rates of exchange on a half-yearly basis since the beginning of the year. Thus the discrete half year to 30 June has not been restated for subsequent movements in foreign exchange rates during the year, which are reflected in the results for the subsequent half year to 31 December.
| 6 months to | Year to 31 Dec 2010 £m |
||||
|---|---|---|---|---|---|
| 30 Jun 2010 £m |
31 Dec 2010 £m |
||||
| Profit from operations | 2,271 | 2,047 | 4,318 | ||
| Analysed as: | |||||
| – adjusted profit from operations | 2,460 | 2,524 | 4,984 | ||
| – restructuring and integration costs | (158) | (153) | (311) | ||
| – amortisation of trademarks | (31) | (31) | (62) | ||
| – impairment of trademarks | (44) | (44) | |||
| – goodwill impairment | (249) | (249) | |||
| 2,271 | 2,047 | 4,318 | |||
| Net finance costs | (231) | (249) | (480) | ||
| Share of post-tax results of associates and joint ventures | 239 | 311 | 550 | ||
| Analysed as: | |||||
| – adjusted share of post-tax results of associates and joint ventures | 306 | 316 | 622 | ||
| – trademark amortisation and impairments | (1) | (1) | |||
| – Canadian settlements | (60) | 1 | (59) | ||
| – dilution in shareholding | (9) | (9) | |||
| – restructuring costs | (7) | 4 | (3) | ||
| 239 | 311 | 550 | |||
| Profit before taxation | 2,279 | 2,109 | 4,388 | ||
| Earnings per share | |||||
| Basic | 76.9p | 68.3p | 145.2p | ||
| Adjusted diluted | 87.1p | 88.6p | 175.7p | ||
| 6 months to | Year to 31 Dec 2009 £m |
||||
|---|---|---|---|---|---|
| 30 Jun 2009 £m |
31 Dec 2009 £m |
||||
| Profit from operations | 2,111 | 1,990 | 4,101 | ||
| Analysed as: | |||||
| – adjusted profit from operations | 2,164 | 2,297 | 4,461 | ||
| – restructuring and integration costs | (29) | (275) | (304) | ||
| – amortisation of trademarks | (26) | (32) | (58) | ||
| – gains on disposal of businesses and trademarks | 2 | 2 | |||
| 2,111 | 1,990 | 4,101 | |||
| Net finance costs | (219) | (285) | (504) | ||
| Share of post-tax results of associates and joint ventures | 231 | 252 | 483 | ||
| Analysed as: | |||||
| – adjusted share of post-tax results of associates and joint ventures | 279 | 262 | 541 | ||
| – trademark impairments | (48) | (17) | (65) | ||
| – health plan credit | 16 | 16 | |||
| – restructuring costs | (9) | (9) | |||
| 231 | 252 | 483 | |||
| Profit before taxation | 2,123 | 1,957 | 4,080 | ||
| Earnings per share | |||||
| Basic | 73.2p | 63.8p | 137.0p | ||
| Adjusted diluted | 77.3p | 75.7p | 153.0p | ||