Annual Report and Accounts 2012 - Speedy Hire plc

54 Financial statements
Consolidated income statement
For the year ended 31 March 2012
Speedy Hire Plc Annual Report and Accounts 2012
Note
Before
exceptional
items
£m
Year ended 31 March 2012 Year ended 31 March 2011
Exceptional
items
£m
Total
£m
Before
exceptional
items
£m
Exceptional
items
£m
Revenue 2 329.3 – 329.3 354.2 – 354.2
Cost of sales (108.4) – (108.4) (136.9) – (136.9)
Gross profit 220.9 – 220.9 217.3 – 217.3
Distribution costs (36.3) – (36.3) (35.2) – (35.2)
Administrative expenses (169.1) (2.9) (172.0) (179.3) (19.3) (198.6)
Analysis of operating profit/(loss)
Operating profit before amortisation
and exceptional items 19.6 – 19.6 8.3 – 8.3
Amortisation (4.1) – (4.1) (5.5) – (5.5)
Exceptional restructuring costs 3 – (2.9) (2.9) – (5.5) (5.5)
Exceptional writedown of
accommodation assets 3 – – – – (13.8) (13.8)
Operating profit/(loss) 4 15.5 (2.9) 12.6 2.8 (19.3) (16.5)
Financial expense 3,7 (7.2) (2.2) (9.4) (9.0) (1.5) (10.5)
Profit/(loss) before taxation 8.3 (5.1) 3.2 (6.2) (20.8) (27.0)
Taxation 3,8 (2.6) 1.1 (1.5) 2.1 5.6 7.7
Profit/(loss) for the financial year 5.7 (4.0) 1.7 (4.1) (15.2) (19.3)
Attributable to:
Equity holders of the Company 1.7 (19.3)
Pence Pence
Earnings per share
– Basic 9 0.33 (3.81)
– Diluted 9 0.33 (3.81)
Non-GAAP performance measures
EBITDA before exceptional costs 11 63.2 63.4
Profit/(loss) before tax, amortisation
and exceptional costs 11 12.4 (0.7)
Total
£m