Source: Extract from Annual Report 2007
for the year ended 31 December
| Notes | 2007 £m |
Total 2007 £m |
2006 £m |
Total 2006 £m |
|
|---|---|---|---|---|---|
| Continuing operations | |||||
| Combined sales of Group and equity accounted investments | 3 | 15,710 | 13,765 | ||
| Less: share of equity accounted investments | 3 | (1,401) | (1,432) | ||
| Revenue | 3 | 14,309 | 12,333 | ||
| Operating costs | 4 | (13,480) | (11,763) | ||
| Other income | 5 | 209 | 371 | ||
| Group operating profit excluding amortisation and impairment of intangible assets | 1,335 | 1,080 | |||
| Amortisation | 11 | (149) | (105) | ||
| Impairment | 11 | (148) | (34) | ||
| Group operating profit | 1,038 | 941 | |||
| Share of results of equity accounted investments excluding finance costs and taxation expense | 142 | 127 | |||
| Financial income of equity accounted investments | 35 | 21 | |||
| Taxation expense of equity accounted investments | (38) | (35) | |||
| Share of results of equity accounted investments | 14 | 139 | 113 | ||
| Earnings before amortisation and impairment of intangible assets, finance costs and taxation expense (EBITA) | 1,477 | 1,207 | |||
| Amortisation | (149) | (105) | |||
| Impairment | (148) | (34) | |||
| Financial income of equity accounted investments | 35 | 21 | |||
| Taxation expense of equity accounted investments | (38) | (35) | |||
| Operating profit | 3 | 1,177 | 1,054 | ||
| Finance costs | 6 | ||||
| Financial income | 1,257 | 1,330 | |||
| Financial expense | (1,199) | (1,525) | |||
| 58 | (195) | ||||
| Profit before taxation | 1,235 | 859 | |||
| Taxation expense | 8 | ||||
| UK taxation | (201) | (97) | |||
| Overseas taxation | (134) | (116) | |||
| (335) | (213) | ||||
| Profit for the year from continuing operations | 900 | 646 | |||
| Profit for the year from discontinued operations | 9 | 22 | 993 | ||
| Profit for the year | 922 | 1,639 | |||
| Attributable to: | |||||
| BAE Systems shareholders | 901 | 1,636 | |||
| Minority interests | 21 | 3 | |||
| 922 | 1,639 | ||||
| Earnings per share | 10 | ||||
| Continuing operations: | |||||
| Basic earnings per share | 26.0p | 19.9p | |||
| Diluted earnings per share | 25.8p | 19.8p | |||
| Discontinued operations: | |||||
| Basic earnings per share | 0.6p | 30.8p | |||
| Diluted earnings per share | 0.6p | 29.4p | |||
| Total: | |||||
| Basic earnings per share | 26.6p | 50.7p | |||
| Diluted earnings per share | 26.4p | 49.2p |