Financial Statements

Consolidated Income Statement

for the year ended 30 September 2009

In £s million unless otherwise indicated	Notes	Year ended 30 September 2009	Year ended 30 September 2008
Revenue	1	26,517	20,528
Duty and similar items		(11,769)	(10,412)
Other cost of sales		(9,432)	(6,253)
Cost of sales		(21,201)	(16,665)
Gross profit		5,316	3,863
Distribution, advertising and selling costs		(1,979)	(1,462)
Administrative and other expenses		(1,000)	(930)
Profit from operations	1	2,337	1,471
Investment income	5	1,180	543
Finance costs	5	(2,572)	(1,393)
Net finance costs	5	(1,392)	(850)
Profit before taxation	2	945	621
Taxation	6	(268)	(180)
Profit for the year		677	441
Attributable to:
Equity holders of the Company		663	428
Minority interests		14	13
Earnings per ordinary share (pence)
– Basic	8	65.5	50.6
– Diluted	8	65.3	50.4

All activities derive from continuing operations.

In £s million	Notes	Year ended 30 September 2009	Year ended 30 September 2008
Profit from operations		2,337	1,471
Acquisition accounting adjustments		–	161
Amortisation of acquired intangibles	9	451	309
Brand divestment gain		–	(174)
Restructuring costs	3	145	463
Adjusted profit from operations		2,933	2,230

In £s million	Notes	Year ended 30 September 2009	Year ended 30 September 2008
Net finance costs		(1,392)	(850)
Fair value gains and losses on derivative financial instruments providing commercial hedges	5	660	272
Post-employment benefits net financing cost/(income)	5	32	(45)
Adjusted net finance costs		(700)	(623)