Annual Report and Accounts 2010

Consolidated income statement

For the year ended 31 December

 

 

Note

2010
£000

2009
£000

Revenues

2

406,595

305,022

Cost of revenues

(26,071)

(25,471)

Gross profit

380,524

279,551

Operating expenses

 

Research and development

(139,750)

(112,215)

Sales and marketing

(70,108)

(61,723)

General and administrative

(63,707)

(59,999)

Total operating expenses, net

(273,565)

(233,937)

Profit from operations

106,959

45,614

Investment income

3,634

1,788

Interest payable and similar charges

(566)

(143)

Profit before tax

2, 5

110,027

47,259

Tax

6

(24,053)

(6,820)

Profit for the year

2

85,974

40,439

Earnings per share

 

Basic and diluted earnings

85,974

40,439

Number of shares (‘000)

 

Basic weighted average number of shares

1,313,186

1,266,624

Effect of dilutitive securities: Employee incentive schemes

39,007

34,026

Diluted weighted average number of shares

1,352,193

1,300,650

Basic EPS

8

6.5p

3.2p

Diluted EPS

8

6.4p

3.1p

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. The accompanying notes are an integral part of the financial statements.

Details of dividends paid and proposed are in notes 7 and 27 of the financial statements respectively.