Group statement of comprehensive income

Group
NoteUnderlying
2014
£m
Non-
underlying
and exceptional
items
£m
Total
2014
£m
Underlying
2013
£m
Non-
underlying
and
exceptional
items
£m
Total
2013
£m
Revenue4430.9430.9360.4360.4
Cost of sales(173.6)(173.6)(150.4)(150.4)
Gross profit257.3257.3210.0210.0
Selling, general and administrative expenses7(200.5)(13.1)(213.6)(163.3)(3.0)(166.3)
Other gains and losses (net)84.7(3.7)1.05.22.67.8
Operating profit661.5(16.8)44.751.9(0.4)51.5
Finance income120.60.60.30.3
Share of loss of investment20(0.1)(0.1)
Profit before income tax62.0(16.8)45.252.2(0.4)51.8
Income tax expense14(14.9)(2.5)(17.4)(13.4)(2.1)(15.5)
Profit for the period47.1(19.3)27.838.8(2.5)36.3
Attributable to:
Owners of the Company46.7(19.3)27.438.4(2.5)35.9
Non-controlling interests0.40.40.40.4
47.1(19.3)27.838.8(2.5)36.3
Other comprehensive income net of tax:
Items that may be subsequently reclassified to profit or loss
Currency translation differences(0.8)(0.8)1.61.6
Total comprehensive income for the period46.3(19.3)27.040.4(2.5)37.9
Attributable to:
Owners of the Company45.9(19.3)26.640.0(2.5)37.5
Non-controlling interests0.40.40.40.4
46.3(19.3)27.040.4(2.5)37.9
pence
per share
pence
per share
pence
per share
pence
per share
Earnings per share:
Basic1758.034.047.844.7
Diluted1757.233.647.444.3

Underlying is defined as reported results adjusted to reflect the impact of the gain/loss recognised on re-measurements (being the fair valuation of deferred contingent share consideration and financial derivatives), exceptional items and, when appropriate, the related income tax. The directors believe that the underlying results provide additional guidance to statutory measures to help understand the performance of the Group. Further details of the adjustments are included in note 13. All references to underlying are after making these adjustments. Retail and Wholesale segments are presented before inter-segment royalties.

The Company has elected to take the exemption under Section 408 of the Companies Act 2006 not to present the Company statement of comprehensive income.

The Notes to the Group and Company Financial Statements inclusive are an integral part of the Group and Company financial statements.