Consolidated income statement for the year ended 31 March 2018
Consolidated income statement
Keepmoat . com 24
Consolidated income statement for the year ended 31 March 2018
2018 2017 Note £’ 000 £’ 000
Continuing operations Group revenue 1 555,588 423,199 Cost of sales ( 485,965 ) ( 353,071 ) Gross profit before exceptional items 82,843 70,128 Exceptional items 4 ( 13,220 ) - Gross profit 69,623 70,128 Administrative expenses ( 51,258 ) ( 42,221 ) Other operating income 292 - Share of results of equity accounted joint ventures and associates 12 ( 493 ) 224
Operating profit before exceptional items and amortisation of intangibles ( Adjusted operating profit )
40,133 34,835 Exceptional items – included in cost of sales ( 13,220 ) - Exceptional items – included in administration expenses 4 ( 4,334 ) ( 4,825 ) Amortisation of acquisition related intangibles 9 ( 4,415 ) ( 1,879 ) Operating profit from continuing operations 3 18,164 28,131 Finance income 5 51 98 Finance expense 5 ( 4,701 ) ( 2,794 ) Profit before tax 13,514 25,435 Income tax credit /( charge ) 6 2,429 ( 8,518 ) Profit for the year from continuing operations 15,943 16,917 Discontinued operations Profit for the year from discontinued operations 7 240,656 32,453 Profit for the year 256,599 49,370 Attributable to : Owners of the Company 256,599 49,370