Annual Report and Accounts 2007

Consolidated income statement

Consolidated income statement
    for the year ended 31 December
    2007 2006
  Notes Business
Performance
£m
Disposals, re-
measurements and impairments
£m
Total
£m
Business
Performance
£m
Disposals, re-
measurements
and impairments
£m
Total
£m
Group revenue 2 8 291 8 291 7 136 7 136
Other operating income 3, 6 39 (172) (133) 134 404 538
Group revenue and other operating income 2 8 330 (172) 8 158 7 270 404 7 674
Operating costs 4, 6 (5 329) (5 329) (4 400) (104) (4 504)
Profit/(loss) on disposal of non-current assets 6 19 19 (49) (49)
Operating profit/(loss)(a) 2 3 001 (153) 2 848 2 870 251 3 121
Finance income 6, 7 146 6 152 104 23 127
Finance costs 6, 7 (120) (4) (124) (80) (22) (102)
Share of post-tax results from
joint ventures and associates
2 163 163 139 139
Profit/(loss) before tax   3 190 (151) 3 039 3 033 252 3 285
Taxation 6, 8 (1 354) 115 (1 239) (1 348) (113) (1 461)
Profit/(loss) for the year 2, 6 1 836 (36) 1 800 1 685 139 1 824
Profit attributable to:              
Shareholders (earnings) 2, 6 1 783 (37) 1 746 1 640 139 1 779
Minority interests 2, 6 53 1 54 45 45
    1 836 (36) 1 800 1 685 139 1 824
               
Earnings per ordinary share (pence)              
Basic 10 52.7 (1.1) 51.6 47.4 4.0 51.4
Diluted 10 52.2 (1.1) 51.1 47.0 4.0 51.0
               
Total operating profit/(loss) is before share of results from joint venture and associates
2 3 248 (153) 3 095 3 103 251 3 354
(a)
Operating profit/(loss) is before share of results from joint ventures and associates.

The results for the year are derived solely from continuing operations.

For information on dividends paid and proposed in the year see note 9.