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Unaudited condensed consolidated interim income statement: UK sterling

For the six months ended 30 June 2011 Notes Six months
ended
30 June 2011
£m
Six months
ended
30 June 2010
£m
+/(-)% Constant
Currency1
+/(-)%
Year
ended
31 December 2010
£m
Billings   21,392.0 20,333.1 5.2 7.1 42,683.6
Revenue 6 4,713.0 4,440.9 6.1 8.1 9,331.0
Direct costs   (360.2) (361.0) 0.2 (0.7) (770.5)
Gross profit   4,352.8 4,079.9 6.7 8.8 8,560.5
Operating costs 4 (3,921.6) (3,739.7) (4.9) (6.9) (7,587.5)
Operating profit   431.2 340.2 26.7 30.0 973.0
Share of results of associates 4 24.5 22.3 9.9 8.8 55.2
Profit before interest and taxation   455.7 362.5 25.7 28.7 1,028.2
Finance income 5 44.9 39.3 14.2 20.7 81.7
Finance costs 5 (145.8) (138.4) (5.3) (7.8) (276.8)
Revaluation of financial instruments 5 (20.5) (19.5) (5.1) (5.1) 18.2
Profit before taxation   334.3 243.9 37.1 41.7 851.3
Taxation 7 (71.5) (61.3) (16.6) (17.4) (190.3)
Profit for the period   262.8 182.6 43.9 50.2 661.0
Attributable to:            
Equity holders of the parent   230.7 150.8 53.0 60.5 586.0
Non-controlling interests   32.1 31.8 (0.9) (3.8) 75.0
    262.8 182.6 43.9 50.2 661.0
Headline PBIT 6,19 517.9 455.3 13.7 15.9 1,228.7
Headline PBIT margin 6,19 11.0% 10.3%     13.2%
Headline PBT 19 417.0 356.2 17.1 19.6 1,033.6
Earnings per share2            
Basic earnings per ordinary share 9 18.5p 12.3p 50.4 57.8 47.5p
Diluted earnings per ordinary share 9 18.1p 12.0p 50.8 58.4 45.9p

Notes

  1. 1 The basis for calculating the constant currency percentage change shown above is described in the Glossary.
  2. 2 The calculations of the Group’s earnings per share and headline earnings per share are set out in note 9.