Annual Report 2016 | Page 54

Annual Report 2016
Annual Report 2016

Consolidated Profit & Loss Account

For the year ended 31 March 2016
2016
2015
( as restated )
Note
£’ 000
£’ 000
Group turnover 2 234,904 238,918
Operating costs before exceptional operating item ( net ) 3 ( 187,449 ) ( 194,665 ) Group operating profit before exceptional operating item 47,455 44,253
Exceptional operating item - pension curtailment gain 7 3,581 — Total group operating profit 51,036 44,253
Exceptional profit on disposal of rental income rights 7 4,590 —
Finance charges ( net ) 8 ( 12,313 ) ( 11,583 ) Profit on ordinary activities before taxation 43,313 32,670
Taxation on profit on ordinary activities 9 ( 2,517 ) ( 4,656 ) Profit on ordinary activities after taxation 40,796 28,014
Less profit after tax of non-controlling interests 27 ( 86 ) ( 22 )
Profit for the financial year 40,710 27,992
Earnings per share
Basic and diluted
11
317.6p
218.3p
The results above are all derived from continuing operations . The comparative financial statements have been restated following transition to FRS 102 . See note 31 for further detail . The accompanying notes are an integral part of these financial statements .
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