Consolidated Income Statement

For the year ended 31st March

		Notes	2006 € m	2005 € m
Sales		5	4308	3671
Cost of sales			(1588)	(1415)
Gross profit			2720	2256
Selling and distribution expenses			(1000)	(893)
Communication expenses			(503)	(414)
Administrative expenses			(509)	(468)
Other operating income		21	33	80
After:
	Net gain from sale of subsidiary undertaking		11	-
	Gain on partial disposal of share of associated undertaking		-	76

Operating profit			741	561

Finance costs		24	5	(48)
Share of post-tax profit of associated undertakings		8	486	798
After:
	Share of other (expense)/income of associated undertakings		(58)	305

Profit before taxation			1232	1311
Taxation		9	(136)	(97)
Net profit		22	1096	1214

Attributable to:
Unitholders			1094	1212
Minority interest			2	2
			1096	1214

Earnings per unit for profit attributable to Unitholders during the year (expressed in € per unit)
-basic		25	1.978	2.212
-diluted		25	1.951	2.185