20192018 (restated¹)
Adjusting items²
Adjusting items²
Continuing operations
Cost of sales4(148.9)(148.9)(137.1)(137.1)
Gross profit4101.8101.895.995.9
Administration expenses³4(68.1)(14.2)(82.3)(65.1)(17.3)(82.4)
Operating profit433.7(14.2)19.530.8(17.3)13.5
Net finance costs9(1.7)(1.7)(1.5)(0.3)(1.8)
Profit before taxation732.0(14.2)17.829.3(17.6)11.7
Profit from continuing operations25.5(12.0)13.522.7(10.5)12.2
Loss from discontinued operations, net of tax5(5.5)(5.5)
Profit for the year attributable to the owners of the Company25.5(12.0)13.522.7(16.0)6.7
Earnings per share12
Basic EPS – continuing4.9p4.4p
Diluted EPS – continuing4.8p4.4p
Basic EPS – discontinuing(2.0)p
Diluted EPS – discontinuing(2.0)p
Basic EPS – all operations4.9p2.4p
Diluted EPS – all operations4.8p2.4p
  1. See note 1 for further details on the restatement of comparative information due to the retrospective application of IFRS 15.
  2. See note 3 for an explanation of Alternative Performance Measures (APMs) and adjusting items. See note 3 for a reconciliation to statutory information.
  3. Administrative expenses includes £0.4m (2018: £0.7m) of credit losses on financial assets.