Consolidated income statement

For the 52 weeks ended 26 March 2016

    52 weeks ended 26 March 2016 52 weeks ended 28 March 2015
  Note Underlying1 £ million Non-
underlying2 £ million
Total £ million Underlying1 £ million Non-
underlying2 £ million
Total £ million
Revenue 4, 5 682.3 682.3 713.9 713.9
Cost of sales   (622.1) (622.1) (658.8) 2.5 (656.3)
Gross profit   60.2 60.2 55.1 2.5 57.6
Administrative expenses   (36.3) (6.5) (42.8) (36.9) (0.9) (37.8)
Profit/(loss) from retail operations 7 23.9 (6.5) 17.4 18.2 1.6 19.8
Other exceptional items 6 (3.4) (3.4) (26.2) (26.2)
Share of results of joint ventures 13 (1.1) (1.1) (0.2) (0.2)
Profit/(loss) from operations   22.8 (9.9) 12.9 18.0 (24.6) (6.6)
Net finance costs 8 (3.2) (3.2) (5.0) (1.5) (6.5)
Profit/(loss) before taxation   19.6 (9.9) 9.7 13.0 (26.1) (13.1)
Taxation 9 (3.2) (0.1) (3.3) (2.5) 0.2 (2.3)

Profit/(loss) for the period attributable to equity
holders of the parent

  16.4 (10.0) 6.4 10.5 (25.9) (15.4)
Earnings/(loss) per share              
Basic 11 9.6p   3.8p 8.6p   (12.6p)
Diluted 11 9.3p   3.6p 8.3p   (12.6p)
  1. Before items described in footnote 2 below.
  2. Includes exceptional items (restructuring costs, impairment charges and property related costs) and other non-underlying items of amortisation of intangible assets (excluding software) and the impact of non-cash foreign currency adjustments under IAS 39 and IAS 21 as set out in note 6 to the consolidated financial statements.

All results relate to continuing operations.