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Consolidated Income Statement

FINANCIAL YEAR ENDED 31 JANUARY 2010
	Note	2010 £m	2009 £m
Revenue	1	795.3	804.4
Cost of sales		(478.9)	(485.6)
Gross profit		316.4	318.8
Net operating expenses
– before restructuring costs and pension changes		(243.7)	(230.0)
– restructuring costs	2	(7.6)	(3.4)
– net one-off income from pension changes		6.3	–
Total net operating expenses	2	(245.0)	(233.4)
Operating profit
– before restructuring costs and pension changes		72.7	88.8
– restructuring costs	2	(7.6)	(3.4)
– net one-off income from pension changes		6.3	–
Total operating profit	1	71.4	85.4
Finance income (interest receivable)	3	0.5	0.7
Finance costs
– interest payable		(14.1)	(12.6)
– preference dividends	15	(3.5)	(3.5)
– premium on redemption of preference shares	15	(0.8)	(0.9)
– gain on purchase of preference shares	15	–	3.7
Total finance costs	3	(18.4)	(13.3)
Profit before taxation	4	53.5	72.8
Taxation	5	(16.0)	(21.1)
Profit attributable to ordinary shareholders		37.5	51.7
Earnings per share (pence)	6
Basic		10.4p	14.3p
Diluted		10.3p	14.2p
Ordinary dividends	7
Interim – proposed		4.2p	4.2p
Final – proposed		5.2p	5.2p
Paid		9.4p	9.4p
Impact on shareholders' funds (£m)		34.0	34.0

The 2010 and 2009 financial results relate entirely to continuing operations.

FINANCIAL YEAR ENDED 31 JANUARY 2010
	Note	2010 £m	2009 (re-presented) £m
Profit attributable to ordinary shareholders		37.5	51.7
Net exchange adjustments net of tax credit of £nil (2009: £12.5 million)		1.1	11.6
Actuarial losses on pensions and other post-retirement obligations	25	(12.2)	(85.1)
Deferred tax credit on actuarial losses on pensions and other post-retirement obligations		4.1	31.3
Net fair value gains/(losses) on cash flow hedges		4.1	(0.8)
Other comprehensive income		(2.9)	(43.0)
Total comprehensive income for the financial year attributable to ordinary shareholders		34.6	8.7

The accounting policies and notes in Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.