British American Tobacco Annual Report 2009

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ANNUAL REPORT 2009

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For the years ended 31 December	2009 £m	2008 £m	2007 £m	2006 £m	2005 £m
Income statement
Gross turnover (including duty, excise and other taxes)	40,713	33,921	27,104	25,503	24,082
Revenue (after deducting duty, excise and other taxes)	14,208	12,122	10,018	9,762	9,325
Profit from operations*	4,101	3,572	2,904	2,632	2,426
Profit before taxation	4,080	3,684	3,077	2,774	2,590
Profit for the year (before minority interest)	2,956	2,659	2,287	2,057	1,898
*after (charging)/crediting
– restructuring and integration costs	(304)	(160)	(173)	(216)	(271)
– Canadian settlement		(102)
– amortisation of trademarks	(58)	(24)
– gains on disposal of businesses and trademarks	2	141	75	41	72
	2009 pence	2008 pence	2007 pence	2006 pence	2005 pence
Earnings per share
– basic unadjusted	137.0	123.3	105.2	92.6	84.5
– diluted unadjusted	136.3	122.5	104.5	91.8	83.8
– diluted adjusted	153.0	128.8	108.5	98.6	89.5
Dividends declared per share	99.5	83.7	66.2	55.9	47.0
At 31 December	2009 £m	2008 restated £m	2007 restated £m	2006 restated £m	2005 restated £m
Balance sheet
Non-current assets	18,508	18,812	13,399	12,401	13,093
Current assets	8,106	8,739	5,365	5,391	5,904
Total assets	26,614	27,551	18,764	17,792	18,997
Shareholders’ funds	7,613	6,944	6,871	6,357	6,264
Minority interests	299	271	218	227	247
Total equity	7,912	7,215	7,089	6,584	6,511
Non-current liabilities	11,786	11,458	7,131	6,792	6,709
Current liabilities	6,916	8,878	4,544	4,416	5,777
Total liabilities	18,702	20,336	11,675	11,208	12,486
Total equity and liabilities	26,614	27,551	18,764	17,792	18,997

The balance sheets for 2005 to 2008 have been restated for the reclassification of certain derivatives, as explained in note 16.