Condensed Consolidated Statement of Income
| Chairman's Statement |
| Chief Executive's Review |
| Financial Review |
| Statement of Directors' Responsibilities |
| Principal Risks and Uncertainties |
Financial Statements
- Condensed Consolidated Statement of Income
- Condensed Consolidated Statement of Comprehensive Income
- Condensed Consolidated Statement of Changes in Equity
- Condensed Consolidated Statement of Financial Position
- Condensed Consolidated Statement of Cash Flows
- Notes to the Interim Financial Statements
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For the six months ended 30 June 2009
| Note | 2009 Half year £m |
2008 Half year £m |
2008 Full year £m |
|
| Continuing operations | ||||
| Revenue | 3 | 371.5 | 358.5 | 787.1 |
| Cost of sales | (163.6) | (153.3) | (334.5) | |
| Gross profit | 207.9 | 205.2 | 452.6 | |
| Net operating expenses | (191.1) | (160.5) | (338.9) | |
| Operating profit | ||||
| Operating profit before amortisation of | ||||
| acquisition-related intangibles | 20.0 | 46.4 | 118.3 | |
| Amortisation of acquisition-related intangibles | (3.2) | (1.7) | (4.6) | |
| 2,3 | 16.8 | 44.7 | 113.7 | |
| Profit on disposal of businesses | 4 | – | 0.3 | 0.3 |
| Financial income | 6 | 4.0 | 4.5 | 7.8 |
| Finance costs | 6 | (12.2) | (10.4) | (15.7) |
| Profit before tax | 8.6 | 39.1 | 106.1 | |
| Taxation – UK | 7 | 1.6 | (0.8) | 1.5 |
| Taxation – Overseas | 7 | (2.7) | (11.1) | (26.5) |
| Profit after tax for the year from continuing operations attributable to owners of the company | 7.5 | 27.2 | 81.1 | |
| Basic earnings per share (pence) | 8 | 6.5p | 23.5p | 70.3p |
| Diluted earnings per share (pence) | 8 | 6.5p | 23.5p | 69.8p |
| Interim dividends proposed for the period (per share) | 9 | 6.4p | 6.4p | 23.4p |
| Dividends paid during the period (per share) | 9 | 17.0p | 15.25p | 21.7p |
Spectris uses adjusted figures as key performance measures in addition to those reported under adopted IFRS. Adjusted figures are stated before amortisation and impairment of acquisition-related intangible assets, profits or losses on termination or disposal of businesses, unrealised changes in the fair value of financial instruments, gains or losses on retranslation of short-term inter-company loan balances, related tax effects and other tax items which do not form part of the underlying tax rate.
Reconciliations showing how the adjusted performance measures are derived from those reported under adopted IFRS are set out in Note 2.