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64 Financial Statements
Consolidated Income Statement
For the year ended 31 March 2008
Group Group
2008 2007
Notes £m £m
Continuing operations
Revenue (Group and share of Joint Ventures) 1,399.5 1,240.3
Revenue 3 1,313.6 1,179.8
Cost of sales (834.1) (777.1)
Cost of sales – exceptional 9 – (4.0)
Gross profit 479.5 398.7
Administrative expenses (392.8) (335.0)
Operating profit 5 86.7 63.7
Share of post-tax profit from Joint Ventures 4 0.9 2.8
Profit from operations 87.6 66.5
Finance income 7 9.8 9.0
Finance cost 7 (5.5) (5.4)
Net finance income 7 4.3 3.6
Profit before taxation 91.9 70.1
Income tax expense 8 (23.3) (16.4)
Income tax – exceptional 8,9 – 1.2
Profit for the year from continuing operations 68.6 54.9
Discontinued operations 10 31.4 (112.2)
Profit/(loss) for the year attributable to equity shareholders 33 100.0 (57.3)
Earnings per share
From continuing and discontinued operations (total)
Basic earnings/(loss) per share 12 98.9p (56.8)p
Diluted earnings/(loss) per share 12 97.2p (56.8)p
From continuing operations
Basic earnings per share 12 67.9p 54.4p
Diluted earnings per share 12 66.7p 53.8p
Dividends
Dividends recognised in the year – paid 11 21.5p 17.5p
Dividends relating to the year – proposed 11 24.0p 20.0p
The notes on pages 68 to 113 are an integral part of these Financial Statements.
WS Atkins plc Annual Report 2008