Page 38


Consolidated income statement for the year ended 30 January 2010

Year to 30 January 2010 Year to 31 January 2009 Restated

Notes Continuing operations £m £m

2 Gross sales 7,421.5 6,967.5
2 Revenue 6,734.6 6,267.2
Cost of sales (4,460.4) (4,195.4)
Gross profit 2,274.2 2,071.8
Other operating income 51.1 45.9
3 Operating expenses (1,935.6) (1,794.4)
2 Operating profit 389.7 323.3
4 Finance costs (89.0) (55.1)
4 Finance income 5.9 11.4
12 Exceptional gain in respect of associate – 127.4
Profit before Partnership bonus and tax 306.6 407.0
Partnership bonus (151.3) (125.4)
5 Profit before tax 155.3 281.6
6 Taxation (48.8) (48.1)
Profit for the year 106.5 233.5

The notes on pages 41 to 75 form part of these financial statements.

The presentation of prior year results has been restated in respect of the financing element of long service leave costs, as explained in note 1.


Consolidated statement of comprehensive (expense)/income for the year ended 30 January 2010

Year to 30 January 2010 Year to 31 January 2009

Notes £m £m

Profit for the year 106.5 233.5
Other comprehensive (expense)/income:
25 Actuarial loss on defined benefit pension schemes (160.4) (280.1)
6 Movement of deferred tax on pension schemes 22.3 78.5
6 Movement of current tax on pension schemes 22.6 –
Net (loss)/gain on cash flow hedges (9.3) 7.0
Total comprehensive (expense)/income for the year (18.3) 38.9