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34 National Grid Gas plc Annual Report and Accounts 2010/11
Consolidated income statement
for the years ended 31 March
2011 2011 2010 2010
Notes
£m £m £m £m
Revenue
1(a)
2,693 2,747
Other operating income
2
24 14
Operating costs
3
(1,528) (1,651)
Operating profit
Before exceptional items
1(b)
1,254 1,297
Exceptional items
4
(65) (187)
Total operating profi
1(b)
1,189 1,110
Interest income and similar income
6
23
Interest expense and other finance costs
Before exceptional items and remeasurements
6
(372) (257)
Exceptional items and remeasurements
4, 6
(24) 33
6
(396) (224)
Profit before taxation
Before exceptional items and remeasurements 884 1,043
Exceptional items and remeasurements
4
(89) (154)
Total profit before taxation 795 889
Taxation
Before exceptional items and remeasurements
7
(268) (322)
Exceptional items and remeasurements
4, 7
168 34
Total taxation
7
(100) (288)
Profit after taxation
Before exceptional items and remeasurements 616 721
Exceptional items and remeasurements
4
79 (120)
Profit for the year 695 601
A
ttributable to:
Equity shareholders of the parent 694 600
Non-controlling interests 11
695 601
The results reported above relate to continuing operations.
The notes on pages 39 to 68 form part of the consolidated financial statements.