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 to | year to | ||||
|---|---|---|---|---|---|
| 31 Mar 2006 restated £m | 30 Jun 2006 £m | 30 Sept 2006 £m | 31 Dec 2006 £m | 31 Dec 2006 £m | |
| Profit from operations | 616 | 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 ventures | 120 | 123 | 105 | 83 | 431 |
| after | |||||
| - brand impairments | (13) | (13) | |||
| - exceptional tax credits and other impairments | 16 | 1 | 17 | ||
| Profit before taxation | 668 | 776 | 639 | 681 | 2,764 |
| Earnings per share | |||||
| Basic | 21.81p | 26.57p | 21.73p | 21.97p | 92.08p |
| Adjusted diluted | 22.05p | 27.06p | 25.89p | 23.12p | 98.12p |
| 3 months to | year 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 operations | 582 | 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 ventures | 88 | 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 taxation | 624 | 722 | 670 | 568 | 2,584 |
| Earnings per share | |||||
| Basic | 20.26p | 23.88p | 21.21p | 18.99p | 84.34p |
| Adjusted diluted | 19.26p | 21.59p | 25.79p | 22.70p | 89.34p |