Realising Value Guinness Peat Group plc

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GPG Financial Statements continuedGPG Financial StatementsConsolidated Income StatementYear ended 31 December 2012IFRS£mNotes Coats Other Total Coats Other Total*Continuing operationsRevenue 2,3 1,043 – 1,043 1,059 – 1,059Cost of sales (755) – (755) (687) – (687)Gross profit 288 – 288 372 – 372Interest receivable – Parent <strong>Group</strong> – 6 6 – 5 5Distribution costs (177) – (177) (181) – (181)Administrative expenses (114) (23) (137) (110) (31) (141)Other operating (expense)/income (1) 1 – – 1 1Operating (loss)/profit (2012: £34mprofit excluding impact of EC fine) 2,4 (4) (16) (20) 81 (25) 56Interest and other income – Coats 2 – 2 5 – 5Share of profit of joint ventures 15a) 1 – 1 1 – 1Finance costs (net) (Coats – 2012: including£23m cost in respect of the EC fine(2011: £nil)) 2,6 (35) (14) (49) (10) (17) (27)(Loss)/profit before taxation fromcontinuing operations (2012: £11mprofit excluding impact of EC fine) 5 (36) (30) (66) 77 (42) 35Tax on (loss)/profit from continuingoperations 8 (29) – (29) (28) – (28)(Loss)/profit for the year fromcontinuing operations (65) (30) (95) 49 (42) 7Discontinued operationsProfit/(loss) from discontinued operations 2,34 (2) 97 95 (1) (9) (10)(LOSS)/PROFIT FOR THE YEAR (67) 67 – 48 (51) (3)2011IFRS£mAttributable to:EQUITY HOLDERS OF THE PARENT (72) 69 (3) 44 (43) 1Non-controlling interests 5 (2) 3 4 (8) (4)(67) 67 – 48 (51) (3)(LOSS)/EARNINGS PER ORDINARY SHARE FROM CONTINUING AND DISCONTINUED OPERATIONS:Basic & diluted 10 (0.15)p 0.03p(LOSS)/EARNINGS PER ORDINARY SHARE FROM CONTINUING OPERATIONS:Basic & diluted 10 (6.15)p 0.14p*Restated to reflect the results of Gosford Quarry Holdings Ltd, Touch Holdings Ltd, CIC Australia Ltd and Parent <strong>Group</strong> investment operations as discontinuedoperations (note 34).Notes on pages 45 to 94 form part of these financial statements38 GUINNESS PEAT GROUP PLC
FinancialHighlights SummaryChairman’sStatementCoats business Businessreview ReviewGovernanceFinancialStatementsCoats FinancialStatementsInformationConsolidated Statement of Comprehensive IncomeYear ended 31 December 2012IFRS£mProfit/(loss) for the year – (3)Losses on revaluation of fixed asset investments (13) (27)Losses on cash flow hedges (3) (5)Exchange losses on translation of foreign operations (13) (23)Actuarial losses on retirement benefit schemes (note 9)* (40) (215)Tax on items taken directly to equity 4 9Net loss recognised directly in equity (65) (261)TransfersTransferred to profit or loss on sale or impairment of fixed asset investments (40) (43)Transferred to profit or loss on sale of businesses (39) (3)Transferred to profit or loss on cash flow hedges 3 4Net transfers to profit or loss (76) (42)2011IFRS£mTOTAL COMPREHENSIVE EXPENSE FOR THE YEAR (141) (306)Attributable to:EQUITY HOLDERS OF THE PARENT (143) (301)Non-controlling interests 2 (5)(141) (306)*Actuarial losses/gains are not subsequently recycled through the Income Statement.Notes on pages 45 to 94 form part of these financial statementsANNUAL REPORT 201239
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Realising Value Guinness Peat Group plc

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