Annual Report & ACCOUNTS for the year ended 30 June 2014

HYR 2014

Note20142013
Underlying
£000
Non-
underlying
items*
(notes
4 & 5)
£000
Total
£000
Underlying
£000
Non-
underlying
items*
(notes
4 & 5)
£000
Total
£000
Revenue2193,571193,571189,176189,176
Cost of sales(85,863)(85,863)(88,470)(88,470)
Gross profit107,708107,708100,706100,706
Selling, general and administrative expenses(57,292)(17,172)(74,464)(53,637)(20,772)(74,409)
Research and development expenses(8,248)(8,248)(7,961)(7,961)
Operating profit242,168(17,172)24,99639,108(20,772)18,336
Finance income33023027373
Finance expense4(2,609)(1,247)(3,856)(5,634)(297)(5,931)
Profit before taxation — continuing operations639,861(18,419)21,44233,547(21,069)12,478
Income tax expense8(8,012)5,986(2,026)(8,083)6,455(1,628)
Profit for the year — continuing operations31,849(12,433)19,41625,464(14,614)10,850
Profit for the year — discontinued operations301,02038,61139,6318,449(1,386)7,063
Profit for the year attributable to owners of the parent32,86926,17859,04733,913(16,000)17,913
Earnings per share
Basic1067.57p20.59p
— continuing operations22.22p12.47p
— discontinued operations45.35p8.12p
Diluted1067.33p20.45p
— continuing operations22.14p12.39p
— discontinued operations45.19p8.06p
Dividend per share (interim paid and final proposed for the year)915.40p14.00p

* Non-underlying items comprise amortisation of acquired intangibles, acquisition expenses, rationalisation costs, loss on extinguishment of debt, the unwinding of discounts on deferred and contingent consideration, and profit and related expenses on the disposal of discontinued operations.