Experian 2008 Annual Report Download - page 68

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66 Experian Annual Report 2008
Group income statement
for the year ended 31 March 2008
2008 2007
(Restated)
(Note 2)
Notes US$m US$m
Revenue 5 4,130 3,481
Cost of sales (2,016) (1,681)
Gross profit 2,114 1,800
Distribution costs (394) (301)
Administrative expenses (1,066) (1,026)
Operating expenses (1,460) (1,327)
Operating profit 654 473
Finance income 206 158
Finance expense (361) (304)
Net financing costs 10 (155) (146)
Share of post-tax profits of associates 50 67
Profit before tax 5 549 394
Group tax expense 11 (97) (68)
Profit after tax for the financial year from continuing operations 452 326
Profit for the financial year from discontinued operations 12 – 137
Profit for the financial year 452 463
Attributable to:
Equity shareholders in the parent company 437 462
Minority interests 15 1
Profit for the financial year 452 463
Earnings per share 13 US cents US cents
– Basic 43.3 49.9
– Diluted 42.7 49.3
Earnings per share from continuing operations 13 US cents US cents
– Basic 43.3 35.1
– Diluted 42.7 34.7
Non-GAAP measures 2008 2007
Reconciliation of profit before tax to Benchmark PBT Notes US$m US$m
Profit before tax 5 549 394
exclude: exceptional items 9 63 162
exclude: amortisation of acquisition intangibles 9 121 76
exclude: goodwill adjustment 9 2 14
exclude: charges in respect of the demerger-related equity incentive plans 9 49 24
exclude: financing fair value remeasurements 9 29 35
exclude: tax expense on share of profit of associates 5 6 9
Benchmark PBT – continuing operations 5 819 714
Benchmark earnings per share from continuing operations 13 US cents US cents
– Basic 60.3 59.7
– Diluted 59.5 59.1
US cents US cents
Full year dividend per share 14 18.5 17.0