Group income statement

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   52 weeks ended
24 February 2018
52 weeks ended
25 February 2017
  Notes  Before exceptional items
£m 
 Exceptional items
(Note 4)
£m
Total
£m 
Before exceptional items
£m
 Exceptional items
(Note 4)
£m
Total
£m
Continuing operations              
Revenue 2 57,491 57,491 55,917 55,917
Cost of sales   (54,092) (49) (54,141) (52,899) (116) (53,015)
Gross profit/(loss)   3,399 (49) 3,350 3,018 (116) 2,902
Administrative expenses   (1,786) 153 (1,633) (1,734) (261) (1,995)
Profits/(losses) arising on property-related items   31 89 120 (4) 114 110
Operating profit/(loss)   1,644 193 1,837 1,280 (263) 1,017
Share of post-tax profits/(losses) of joint ventures and associates 13 (6) (6) (30) (77) (107)
Finance income 5 98 98 109 109
Finance costs 5 (593) (38) (631) (630) (244) (874)
Profit/(loss) before tax   1,143 155 1,298 729 (584) 145
Taxation 6 (286) (20) (306) (185) 98 (87)
Profit/(loss) for the year from continuing operations   857 135 992 544 (486) 58
               
Discontinued operations              
Profit/(loss) for the year from discontinued operations 7 216 216 (37) (75) (112)
               
Profit/(loss) for the year   857 351 1,208 507 (561) (54)
               
Attributable to:            
Owners of the parent   857 349 1,206 515 (555) (40)
Non-controlling interests   2 2 (8) (6) (14)
  857 351 1,208 507 (561) (54)
               
Earnings/(losses) per share from continuing  and discontinued operations            
Basic 14.77p (0.49)p
Diluted 14.72p (0.49)p
               
Earnings/(losses) per share from continuing operations              
Basic 12.12p 0.81p
Diluted 12.08p 0.81p

 The notes on pages 79 to 131 form part of these financial statements.