Man Group plc - Annual Report 2007

Group Income Statement

 

  Note 2007
$m
  Restated+
2006
$m
Revenue 1 2,114   1,851
Cost of sales   (335)   (273)
Other operating income 3 75   65
Other operating losses 3 (26)   (29)
Administrative expenses 5 (632)   (533)
Group operating profit – continuing operations   1,196   1,081
Finance income   116   91
Finance expense   (55)   (51)
Net finance income 6 61   40
Share of after tax profit of associates and joint ventures 14 44   33
Profit on ordinary activities before taxation 2 1,301   1,154
Tax expense before exceptional item   (191)   (214)
Exceptional tax credit 4   20
Taxation 7 (191)   (194)
Profit after tax from continuing operations   1,110   960
Discontinued operations - Brokerage 8 174   54
Profit for the year   1,284   1,014
Attributable to:        
Equity holders of the Company   1,285   1,014
Equity minority interests   (1)   -
    1,284   1,014
Earnings per share* 9      
From continuing operations        
Basic   59.9c   53.2c
Diluted   55.4c   48.3c
From discontinued operations        
Basic   9.4c   3.0c
Diluted   8.5c   2.7c
From continuing and discontinued operations        
Basic   69.3c   56.2c
Diluted   63.9c   51.0c
         
Memo:
Dividends paid in the period
10 $306m   $221m
+ The restatement in the comparative period relates to the classification of Brokerage as a discontinued operation.  A fuller explanation is given in Policy C in the Principal Accounting Policies section.

* Comparative figures for earnings per share have been restated to reflect the sub-division of each 18 US cent Ordinary Share into six Ordinary Shares of 3 US cents each in the period.
 

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