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Investor Relations
Financial Analysis
Group Income Statement
Group Income Statement
for the financial year ended 31st December 2007
2007
2006
Notes
€m
€m
1
Revenue
20,992
18,737
Cost of sales
(14,715)
(13,123)
Gross profit
6,277
5,614
3
Operating costs
(4,191)
(3,847)
1,
4,
5
Group operating profit
2,086
1,767
1
Profit on disposal of fixed assets
57
40
1
Profit before finance costs
2,143
1,807
8
Finance costs
(473)
(407)
8
Finance revenue
170
155
9
Group share of associates' profit after tax
64
47
Profit before tax
1,904
1,602
10
Income tax expense
(466)
(378)
Group profit for the financial year
1,438
1,224
Profit attributable to:
Equity holders of the Company
1,430
1,210
31
Minority interest
8
14
Group profit for the financial year
1,438
1,224
12
Basic earnings per Ordinary Share
262.7c
224.3c
12
Diluted earnings per Ordinary Share
260.4c
222.4c
GROUP STATEMENT OF RECOGNISED INCOME AND EXPENSE
for the financial year ended 31st December 2007
2007
2006
Notes
€m
€m
Items of income and expense recognised directly within equity
30
Currency translation effects
(410)
(371)
27
Actuarial gain on Group defined benefit pension obligations
159
155
30
Gains/(losses) relating to cash flow hedges
8
(2)
10
Tax on items taken directly to equity
(74)
(15)
Net expense recognised directly within equity
(317)
(233)
Group profit for the financial year
1,438
1,224
Total recognised income and expense for the financial year
1,121
991
Attributable to:
Equity holders of the Company
1,116
980
Minority interest
5
11
Total recognised income and expense for the financial year
1,121
991
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