directors report and accounts 2006 - Group income statement for the year ended 31 December
Annual Report
and Accounts 2006
| 2006 £m | 2005 Restated £m | |
|---|---|---|
| Gross turnover (including duty, excise and other taxes of £15,427m (2005: £14,659m)) | 25,189 | 23,984 |
| Revenue | 9,762 | 9,325 |
| Raw materials and consumables used | (2,861) | (2,760) |
| Changes in inventories of finished goods and work in progress | (11) | (2) |
| Employee benefit costs | (1,554) | (1,557) |
| Depreciation and amortisation costs | (401) | (383) |
| Other operating income | 181 | 179 |
| Other operating expenses | (2,494) | (2,382) |
| Profit from operations | 2,622 | 2,420 |
| after (charging)/crediting | ||
| – restructuring costs | (216) | (271) |
| – (losses)/gains on disposal of a business, brands and joint venture | 41 | 72 |
| Finance income | 110 | 118 |
| Finance costs | (399) | (346) |
| Net finance costs | (289) | (228) |
| Share of post-tax results of associates and joint ventures | 431 | 392 |
| after (charging)/crediting | ||
| – restructuring costs | (13) | |
| – US Federal tobacco buy-out | (12) | |
| – brand impairments | (13) | (29) |
| – exceptional tax credits and other impairments | 17 | 57 |
| Profit before taxation | 2,764 | 2,584 |
| Taxation on ordinary activities | (716) | (690) |
| Profit for the year | 2,048 | 1,894 |
| Shareholders’ equity | 1,896 | 1,767 |
| Attributable to: Minority interests | 152 | 127 |
| Earnings per share | ||
| Basic | 92.08p | 84.34p |
| Diluted | 91.33p | 83.66p |