Cadbury Schweppes Annual Report and Accounts 2006

Consolidated income statement

for the year ended 31 December 2006 (Note 1(c))

Consolidated income statement		PDF format (39KB)		Excel format (20KB)

	Notes	2006 Underlying¹ £m	2006 Non- underlying² £m	2006 Total £m	2005 Underlying¹ £m	2005 Non- underlying² £m	2005 Total £m
Continuing operations
Revenue	2	7,427	-	7,427	6,432	-	6,432
Trading costs	3	(6,354)	(71)	(6,425)	(5,407)	16	(5,391)
Restructuring costs	4	-	(133)	(133)	-	(71)	(71)
Non-trading items	5	-	40	40	-	25	25
Profit from operations		1,073	(164)	909	1,025	(30)	995
Share of result in associates	17	7	(23)	(16)	28	-	28
Profit before financing and taxation		1,080	(187)	893	1,053	(30)	1,023
Investment revenue	9	48	-	48	42	-	42
Finance costs	10	(197)	(6)	(203)	(230)	-	(230)
Profit before taxation		931	(193)	738	865	(30)	835
Taxation	11	(283)	68	(215)	(243)	108	(135)
Profit for the period from continuing operations		648	(125)	523	622	78	700
Discontinued operations	32
Profit for the period from discontinued operations		2	640	642	85	(9)	76
Profit for the period		650	515	1,165	707	69	776
Attributable to:
Equity holders of the parent		654	515	1,169	696	69	765
Minority interests		(4)	-	(4)	11	-	11
		650	515	1,165	707	69	776
Earnings per share from continuing and discontinued operations
Basic	13	31.6p		56.4p	33.9p		37.3p
Diluted	13	31.3p		55.9p	33.5p		36.9p
From continuing operations
Basic	13	31.5p		25.4p	29.8p		33.6p
Diluted	13	31.2p		25.2p	29.5p		33.2p

	Notes	2004 Underlying¹ £m	2004 Non- underlying² £m	2004 Total £m
Continuing operations
Revenue	2	6,012	–	6,012
Trading costs	3	(5,065)	(7)	(5,072)
Restructuring costs	4	–	(139)	(139)
Non-trading items	5	–	18	18
Profit from operations		947	(128)	819
Share of result in associates	17	22	–	22
Profit before financing and taxation		969	(128)	841
Investment revenue	9	48	–	48
Finance costs	10	(253)	–	(253)
Profit before taxation		764	(128)	636
Taxation	11	(192)	48	(144)
Profit for the period from continuing operations		572	(80)	492

Discontinued operations	32
Profit for the period from discontinued operations		72	(17)	55
Profit for the period		644	(97)	547

Attributable to:
Equity holders of the parent		622	(97)	525
Minority interests		22	–	22
		644	(97)	547
Earnings per share from continuing and discontinued operations
Basic	13	30.7p		25.9p
Diluted	13	30.5p		25.7p
From continuing operations
Basic	13	27.1p		23.2p
Diluted	13	26.9p		23.0p

¹	Before items described in Note 2.
²	Includes restructuring costs, non-trading items, amortisation and impairment of intangibles, IAS 39 adjustment, exceptional items (Nigeria, UK product recall and release of disposal tax provisions) and any associated tax effect as set out in Note 1(y) to the financial statements.