Consolidated income statement

2009Restated 2008
For the year ended 31 DecemberNoteBefore
non-trading
items(1)
£m
Total
£m
Before
non-trading
items(1)
£m
Total
£m
Continuing operations
Amounts staked(2) 15,027.7 15,027.7 16,524.5 16,524.5
Revenue 5 1,032.2 1,032.2 1,151.2 1,151.2
Cost of sales before depreciation and amortisation (668.9) (670.2) (696.2) (697.3)
Administrative expenses (75.5) (79.4) (73.2) (73.1)
Share of results from joint venture and associates 1.1 1.1 2.0 2.0
EBITDA 288.9 283.7 383.8 382.8
Depreciation and amounts written off non-current assets (53.5) (64.5) (53.0) (60.2)
Profit before tax and finance costs 8 235.4 219.2 330.8 322.6
Finance costs 9 (46.7) (103.5) (67.4) (191.1)
Finance income 9 2.6 58.4 2.2 126.0
Profit before taxation 191.3 174.1 265.6 257.5
Income tax expense 11 (28.6) (27.7) (38.4) (37.3)
Profit for the year – continuing operations 162.7 146.4 227.2 220.2
Discontinued operations
Loss for the year from discontinued operations 14 (10.5) (72.0) (9.6) (19.5)
Profit for the year 152.2 74.4 217.6 200.7
Attributable to:
Equity holders of the parent 152.2 74.4 217.6 200.7
Earnings per share from continuing operations(3)
– basic 13 21.7p 19.5p 32.2p 31.2p
– diluted 13 21.6p 19.4p 32.0p 31.1p
Earnings per share on profit for the year(3)
– basic 13 20.3p 9.9p 30.8p 28.4p
– diluted 13 20.2p 9.9p 30.7p 28.3p
Proposed dividends(4) 12 7.71p 7.71p

(1)Non-trading items are profits or losses on disposal or impairment of non-current assets or businesses; unrealised gains and losses on derivative financial instruments;business restructuring costs; litigation and transaction costs; and derecognition of the deferred consideration on acquisitions. Details of the non-trading items are given in note 7 and of discontinued operations in note 14 to the consolidated financial statements.

(2) Amounts staked does not represent the Group’s statutory revenue and comprises the total amount staked by customers on betting and gaming activities.

(3) Comparative earnings per share figures have been restated to reflect the bonus element of the rights issue described in note 13 and note 28.

(4) The directors do not propose a final dividend in respect of the year ended 31 December 2009 (2008: 7.71 pence per share). The 2008 final dividend of 7.71 pence per share (£54.4 million) and the 2009 interim dividend of 2.98 pence per share (£21.0 million) were paid in 2009. The 2008 dividend per share has been restated to reflect the bonus element of the rights issue described in note 12 and note 28.

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