£ MillionsNote20182017
Revenue4195.1166.8
Cost of sales(102.8)(89.2)
Gross profit92.377.6
Expenses
Distribution and marketing(38.7)(31.7)
Administrative(2.9)(4.6)
Research and development7(11.4)(8.8)
Operating profit39.332.5
Finance charge6(1.7)(0.3)
Profit before income tax37.632.2
Income tax expense8(7.2)(3.6)
Profit after tax30.428.6
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss:
Cash flow hedges240.3(0.5)
Exchange differences on translation of foreign operations244.4(3.9)
4.7(4.4)
Items that will not be reclassified subsequently to profit or loss:
Currency translation differences arising from consolidation240.2*
Other comprehensive income/(loss) for the year, net of tax4.9(4.4)
Total comprehensive income for the year35.324.2
Profit attributable to:
Equity holders of the Company2430.228.3
Non-controlling interests0.20.3
30.428.6
Total comprehensive income attributable to:
Equity holders of the Company34.923.9
Non-controlling interests0.40.3
35.324.2
Earnings per share attributable to equity holders of the Company (pence per share)
– Basic earnings per share10157.8148.3
– Diluted earnings per share10154.9146.0

* Balance is less than £100,000.

The accompanying notes form an integral part of these financial statements.