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Group income statement
Year ended 31 July 2007
| Notes | 2007 £m |
2006 £m |
|
|---|---|---|---|
| Continuing operations | |||
| Revenue | 2 | 16,221 | 14,158 |
| Cost of sales | (11,702) | (10,222) | |
| Gross profit | 4,519 | 3,936 | |
| Distribution costs | (2,958) | (2,413) | |
| Administrative expenses: amortisation and impairment of acquired intangibles | (124) | (48) | |
| Administrative expenses: other | (723) | (665) | |
| Administrative expenses: total | (847) | (713) | |
| Other income | 39 | 24 | |
| Operating profit | 2,3 | 753 | 834 |
| Finance revenue | 4 | 58 | 49 |
| Finance costs | 5 | (177) | (114) |
| Profit before tax | 634 | 769 | |
| Tax expense | 6 | (160) | (232) |
| Profit for the year attributable to equity shareholders | 474 | 537 | |
| Earnings per share | 8 | ||
| Basic earnings per share | 73.52p | 90.77p | |
| Diluted earnings per share | 73.17p | 90.02p | |
| Non-GAAP measures of performance | 9 | ||
| Trading profit | 877 | 882 | |
| Profit before tax and the amortisation and impairment of acquired intangibles | 758 | 817 |