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Consolidated Income Statement - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement      
Revenue £ 9,161 £ 8,553 £ 7,244
Cost of sales (3,216) (3,045) (2,562)
Gross profit 5,945 5,508 4,682
Selling and distribution costs (1,459) (1,385) (1,197)
Administration and other expenses (1,850) (1,819) (1,630)
Share of results of joint ventures and associates 46 19 29
Operating profit 2,682 2,323 1,884
Finance income 8 4 8
Finance costs (323) (205) (150)
Net finance costs (315) (201) (142)
Disposals and other non-operating items (72) (9) 55
Profit before tax 2,295 2,113 1,797
Current tax (575) (534) (422)
Deferred tax 68 53 96
Tax expense (507) (481) (326)
Net profit for the year 1,788 1,632 1,471
Attributable to:      
Shareholders 1,781 1,634 1,471
Non-controlling interests 7 (2)  
Net profit for the year £ 1,788 £ 1,632 £ 1,471
Basic earnings per share      
Basic earnings per share £ 0.941 £ 0.852 £ 0.763
Diluted earnings per share      
Diluted earnings per share £ 0.936 £ 0.847 £ 0.758