Consolidated Income Statement

Consolidated income statement
for the year ended 30 June 2016

  Notes 2016
Total

£m
Pre-
exceptional items
£m
Exceptional items
£m
2015
Total
£m
Group revenue 2 2,494.9 2,348.4 - 2,348.4
Cost of sales (2,223.2) (2,081.2) - (2,081.2)
Gross profit 271.7 267.2 - 267.2
Administrative expenses (152.3) (144.2) (3.7) (147.9)
Profit on disposal of property plant and equipment   5.2 - - -
Share of post tax profits from joint ventures   19.2 5.0 - 5.0
Profit before finance costs 143.8 128.0 (3.7) 124.3
Profit from operations 2 157.5 138.9 (3.7) 135.2
Share of joint ventures’ interest and  tax (9.4) (6.6) - (6.6)
Amortisation of intangibles   (4.3) (4.3) - (4.3)
Profit before finance costs   143.8 128.0 (3.7) 124.3
Finance income 3 7.6 4.6 - 4.6
Finance costs 3 (16.4) (14.9) - (14.9)
Profit before income tax 135.0 117.7 (3.7) 114.0
Income tax expense 4 (26.1) (22.5) 0.8 (21.7)
Profit for the year   108.9 95.2 (2.9) 92.3
Earnings per share
- Basic 6 132.5p 116.3p   112.8p
- Diluted 6 131.3p 114.4p   110.9p