Consolidated income statement

For the year ended 31 December

Consolidated income statement

 

Note

2008
£000

2007
£000

Revenues

 

Product revenues

282,382

242,726

Service revenues

16,552

16,434

Total revenues

2

298,934

259,160

Cost of revenues

 

Product costs

(24,539)

(21,475)

Service costs

(8,339)

(6,630)

Total cost of revenues

(32,878)

(28,105)

Gross profit

266,056

231,055

Operating expenses

 

Research and development

(87,588)

(83,977)

Sales and marketing

(57,448)

(55,298)

General and administrative

(61,077)

(52,086)

Total operating expenses, net

(206,113)

(191,361)

Profit from operations

59,943

39,694

Investment income

3,297

5,459

Interest payable

(51)

(57)

Profit before tax

2, 6

63,189

45,096

Tax

7

(19,597)

(9,846)

Profit for the year

2

43,592

35,250

Earnings per share

 

Basic and diluted earnings

43,592

35,250

Number of shares (‘000)

 

Basic weighted average number of shares

1,265,237

1,321,860

Effect of dilutitive securities: Employee incentive schemes

21,176

39,301

Diluted weighted average number of shares

1,286,413

1,361,161

Basic EPS

9

3.4p

2.7p

Diluted EPS

9

3.4p

2.6p

All activities relate to continuing operations. All the profit for the year is attributable to the equity holders of the parent. The Company has opted to present its own accounts under UK GAAP as shown on pages 88 to 95. The accompanying notes are an integral part of the financial statements.

Details of dividends paid and proposed are in notes 8 and 28 of the financial statements respectively.

 

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