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Consolidated income statement - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
[1]
Dec. 31, 2020
[1]
Continuing operations      
Sales £ 3,841 £ 3,428 £ 3,397
Cost of goods sold (2,046) (1,747) (1,767)
Gross profit 1,795 1,681 1,630
Operating expenses (1,549) (1,562) (1,402)
Other net gains and losses 24 63 [2] 178 [2]
Share of results of joint ventures and associates 1 1 5
Operating profit 271 183 [2] 411 [2]
Finance costs (71) (68) [2] (107) [2]
Finance income 123 62 [2] 76 [2]
Profit before tax 323 177 [2],[3] 380 [2],[3]
Income tax (79) 1 [2] (50) [2]
Profit for the year 244 178 330
Attributable to:      
Equity holders of the company 242 177 330
Non-controlling interest £ 2 £ 1 £ 0
Earnings per share attributable to equity holders of the company during the year (expressed in pence per share)      
- basic £ 0.328 £ 0.235 £ 0.436
- diluted £ 0.328 £ 0.233 £ 0.436
[1] Comparative balances have been restated – see Note 1b.
[2] Comparative balances have been restated to reflect the move between operating segments.
[3] Comparative balances have been restated – see Note 1b. In addition, the Group has changed the presentation of the consolidated cash flow statement with the aim of simplifying for the reader. The reconciliation to net cash generated from operations is now presented above and certain line items have been aggregated and disaggregated. There has been no change to the classification of cash flows as operating, investing and financing.