Consolidated statement of comprehensive income

52 weeks ended 30 January 2011

  Note 2011£m 2010£m
Turnover 2 16,479 15,410
Cost of sales   (15,331) (14,348)
Gross profit   1,148 1,062
       
Other operating income   80 65
Administrative expenses   (323) (224)
(Losses)/profits arising on property transactions   (1) 4
Operating profit 5 904 907
       
Analysed as:      
Operating profit before pensions credit   904 816
Pensions credit within administrative expenses 20 – 91
Operating profit   904 907
       
Finance costs 6 (43) (60)
Finance income 6 13 11
Profit before taxation   874 858
Taxation 7 (242) (260)
Profit for the period attributable to the owners of the Company   632 598
       
Other comprehensive income/(expense):      
Actuarial gain/loss arising in the pension scheme 20 34 (71)
Foreign exchange movements   – (1)
Cash flow hedging movement   3 (11)
Tax in relation to components of other comprehensive income/(expense) 7 (11) 22
Other comprehensive income/(expense) for the period, net of tax   26 (61)
       
Total comprehensive income for the period attributable to the owners of the Company   658 537
       
Earnings per share (pence)      
– basic 9 23.93 22.80
– diluted 9 23.93 22.37

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Financial statements

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