| | 2008 | 2007 |
| | Notes | Underlying1
€m | Amounts
excluded from
underlying
€m | Total
€m | Underlying1
€m | Amounts
excluded from
underlying
€m | Total
€m |
Continuing operations
Revenue |
2,3 |
1,313.8 |
– |
1,313.8 |
1,326.8 |
– |
1,326.8 |
|---|
| Cost of sales |
|
(758.7) |
– |
(758.7) |
(750.1) |
– |
(750.1) |
|---|
| Gross profit |
|
555.1 |
– |
555.1 |
576.7 |
– |
576.7 |
|---|
| Administrative expenses |
|
(442.4) |
(15.6) |
(458.0) |
(470.2) |
(5.2) |
(475.4) |
|---|
| Operating profit/(loss) |
3,4 |
112.7 |
(15.6) |
97.1 |
106.5 |
(5.2) |
101.3 |
|---|
| Finance income |
7 |
2.0 |
– |
2.0 |
5.4 |
0.8 |
6.2 |
|---|
| Finance costs |
7 |
(77.1) |
(19.4) |
(96.5) |
(75.1) |
– |
(75.1) |
|---|
| Share of profit of joint ventures and associate |
15 |
0.4 |
– |
0.4 |
0.8 |
– |
0.8 |
|---|
| Profit/(loss) before taxation |
|
38.0 |
(35.0) |
3.0 |
37.6 |
(4.4) |
33.2 |
|---|
| Taxation |
8 |
(16.2) |
2.0 |
(14.2) |
(11.4) |
(6.5) |
(17.9) |
|---|
| Profit/(loss) after taxation |
|
21.8 |
(33.0) |
(11.2) |
26.2 |
(10.9) |
15.3 |
|---|
Discontinued operation – Greece
Profit/(loss) after taxation |
39 |
– |
1.3 |
1.3 |
3.5 |
(15.9) |
(12.4) |
|---|
| Profit/(loss) for the year |
|
21.8 |
(31.7) |
(9.9) |
29.7 |
(26.8) |
2.9 |
|---|
| Attributable to: |
|
|
|
|
|
|
|
|---|
| – equity holders of the Company |
33 |
21.8 |
(31.7) |
(9.9) |
29.8 |
(26.8) |
3.0 |
|---|
| – minority interest |
36 |
– |
– |
– |
(0.1) |
– |
(0.1) |
|---|
| Profit/(loss) for the year |
|
21.8 |
(31.7) |
(9.9) |
29.7 |
(26.8) |
2.9 |
|---|
| (Loss)/earnings per share (euro cents) |
|
|
|
|
|
|
|
|---|
| Basic and diluted |
10 |
|
|
(1.1) |
|
|
0.3 |
|---|
| Basic and diluted – continuing |
10 |
|
|
(1.2) |
|
|
1.6 |
|---|
1 Underlying excludes net exceptional items, certain re-measurement items and economic hedges – see Basis of Preparation.
The accompanying Notes form an integral part of these Consolidated Financial Statements.