Annual report and financial statements 2008

Group financial record

Income statement

The figures for 2005 to 2008 are prepared under IFRS. The figures for 2004 are UK GAAP figures presented in the same format as the 2005 to 2008 figures.

  IFRS
2008
52 weeks
£m		 IFRS
2007
52 weeks
£m		 IFRS
2006
52 weeks
£m		 IFRS
2005
52 weeks
£m		 UK GAAP
2004
53 weeks
£m
Revenue – continuing operations 9,022.0 8,588.1 7,797.7 7,490.5 7,728.1
Operating profit – continuing operations          
UK Retail 1,095.9 956.7 784.5 528.0 738.6
International Retail 115.4 89.2 65.6 70.1 45.0
Total operating profit 1,211.3 1,045.9 850.1 598.1 783.6
           
Net interest payable (141.1) (130.0) (121.9) (104.4) (45.7)
Pension finance income/(charge) 58.9 20.8 17.5 11.4 (15.2)
Profit on ordinary activities before taxation – continuing operations 1,129.1 936.7 745.7 505.1 722.7
Analysed between:          
Before property disposals and exceptional items 1,007.1 965.2 751.4 556.1 746.1
Profit/(loss) on property disposals 27.0 1.9 (5.7) (0.4) 18.7
Exceptional pension credit 95.0 – – – –
Exceptional finance costs – (30.4) – – –
Exceptional operating costs – – – (50.6) (42.1)
Income tax expense (308.1) (277.5) (225.1) (150.1) (225.1)
Profit after taxation 821.0 659.2 520.6 355.0 497.6
Profit from discontinued operations – 0.7 2.5 231.2 54.7
Minority interests 0.7 – – – –
Profit attributable to shareholders 821.7 659.9 523.1 586.2 552.3

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