Group Income Statement
Year ended 31 December 2007
| Notes | 2007 £'000 |
2006 £'000 | |
|---|---|---|---|
| Sales revenue | 2 | 639,203 | 578,847 |
| Cost of sales | (353,695) | (261,268) | |
Gross profit |
285,508 | 317,579 | |
| Administrative expenses | (31,628) | (22,490) | |
| Disposal of subsidiaries | (597) | – | |
| Exploration costs written off | 9 | (64,235) | (32,494) |
Operating profit |
3 | 189,048 | 262,595 |
| (Loss)/gain on hedging instruments | 17 | (29,267) | 15,701 |
| Finance revenue | 2 | 3,095 | 3,030 |
| Finance costs | 5 | (48,673) | (17,994) |
Profit from continuing activities before tax |
114,203 | 263,332 | |
| Income tax expense | 6 | (61,609) | (105,894) |
Profit for the year from continuing activities |
52,594 | 157,438 | |
Attributable to: |
|||
| Equity holders of the parent | 50,887 | 157,438 | |
| Minority interest | 24 | 1,707 | – |
| 52,594 | 157,438 | ||
Earnings per ordinary share |
8 | Stg p | Stg p |
| Basic | 7.10 | 24.23 | |
| Diluted | 6.96 | 23.67 |
View the Accounting Policies and Notes to the Financial Statements
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