directors report and accounts 2006 - Quarterly analyses of profit

 
 

 Quarterly analyses of profit

The figures shown below have been produced using average rates of exchange on a quarterly basis since the beginning of the year. Thus the discrete quarters have not been restated for subsequent movements in foreign exchange rates during the year, which are reflected in the results for subsequent quarters.

As described in note 4, certain exchange movements are now required to be reflected in equity movements. The quarterly analyses for 2005 below have been restated to reflect these changes. As the adjusted diluted earnings per share calculations already reflected these adjustments, no restatement of these amounts is required.

 3 months toyear to
 31 Mar 2006
restated
£m
30 Jun 2006
£m
30 Sept 2006
£m
31 Dec 2006
£m
31 Dec 2006
£m
Profit from operations616 709 619 678 2,622
after     
- restructuring costs(21)(27)(116)(52)(216)
- (losses) / gains on disposal of a business and brands(15)(1) 57 41
Net finance costs(68)(56)(85)(80)(289)
Share of post-tax results of associates and joint ventures120 123 105 83 431
after     
- brand impairments   (13)(13)
- exceptional tax credits and other impairments16 1   17
      
Profit before taxation668 776 639 681 2,764
Earnings per share     
Basic21.81p26.57p21.73p21.97p92.08p
Adjusted diluted22.05p27.06p25.89p23.12p98.12p
 3 months toyear to
 31 Mar 2005
restated
£m
30 Jun 2005
restated
£m
30 Sept 2005
restated
£m
31 Dec 2005
restated
£m
31 Dec 2005
restated
£m
Profit from operations582 671 648 519 2,420
after     
- restructuring costs (42)(100)(129)(271)
- gains on disposal of subsidiaries, joint ventures and brands 68  4 72
      
Net finance costs(46)(57)(59)(66)(228)
Share of post-tax results of associates and joint ventures88 108 81 115 392
after      
- restructuring costs (7)(5)(1)(13)
- US federal tobacco buy-out  (11)(1)(12)
- brand impairments   (29)(29)
- exceptional tax credits 26 1 30 57
      
      
Profit before taxation624 722 670 568 2,584
Earnings per share     
Basic20.26p23.88p21.21p18.99p84.34p
Adjusted diluted19.26p21.59p25.79p22.70p89.34p