Pearson

Annual Report and Accounts 2010

Consolidated income statement Year ended 31 December 2010

All figures in £ millions Notes 2010 2009
Sales 2 5,663 5,140
Cost of goods sold 4 (2,588) (2,382)
Gross profit   3,075 2,758
Operating expenses 4 (2,373) (2,169)
Share of results of joint ventures and associates 12 41 30
Operating profit 2 743 619
Finance costs 6 (109) (122)
Finance income 6 36 26
Profit before tax 670 523
Income tax 7 (146) (146)
Profit for the year from continuing operations 524 377
Profit for the year from discontinued operations 3 776 85
Profit for the year 1,300 462
Attributable to:
Equity holders of the company 1,297 425
Non-controlling interest 3 37
Earnings per share for profit from continuing and discontinued operations attributable to equity holders of the company during the year (expressed in pence per share)
– basic 8 161.9p 53.2p
– diluted 8 161.5p 53.1p
Earnings per share for profit from continuing operations attributable to equity holders of the company during the year (expressed in pence per share)
– basic 8 66.0p 47.0p
– diluted 8 65.9p 47.0p