Income statement

Consolidated income statement

for the 52 weeks ended 27 November 2016


Notes 52 weeks
ended
27 November
2016
£m
52 weeks
ended
29 November
2015
£m
Revenue 2.2 1,271.0 1,107.6
Cost of sales   (835.7) (732.5)
Gross profit   435.3 375.1
Other income   52.9 49.0
Distribution costs   (365.7) (309.4)
Administrative expenses   (100.6) (95.6)
Operating profit before result from joint venture and exceptional items   21.9 19.1
Share of result from joint venture   2.1 2.3
Exceptional items 2.4 (2.4) -
Operating profit   21.6 21.4
Finance income 4.3 0.2 0.2
Finance costs 4.3 (9.7) (9.7)
Profit before tax   12.1 11.9
Taxation   (0.1) (0.1)
Profit for the period   12.0 11.8
Earnings per share   pence pence
Basic earnings per share   2.02 2.01
Diluted earnings per share   1.96 1.91

Non-GAAP measure: Earnings before interest, taxation, depreciation, amortisation, impairment and exceptional items (EBITDA)


Notes 52 weeks
ended
27 November
2016
£m
52 weeks
ended
29 November
2015
£m
Operating profit   21.6 21.4
Adjustments for:      
Depreciation of property, plant and equipment 3.2 47.0 45.1
Amortisation expense 3.1 12.6 13.2
Impairment of property, plant and equipment 3.2 0.3 1.0
Impairment of intangibles assets 3.1 0.4 0.8
Exceptional item - Impairment of property,
plant and equipment
2.4 0.7 -
Exceptional items - Other 2.4 1.7 -
EBITDA   84.3 81.5