Refer to your three sets of annual accounts and turn to the page that includes the consolidated income statement. Read down through the statement on a line-by-line basis. If you do not understand a particular item look it up in the ‘notes to the accounts’. Compare your three statements with Example 11.1 and list any significant differences between them.

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Example 11.1 A consolidated income statement A.G. Barr plc Consolidated income statement for the year to 28 January 2006 Revenue (1) 000 128760 Cost of sales (2) Gross profit (3) 63 398 65 362 Net operating expenses (4) Operating profit before exceptional items (5) 48 422 16940 Exceptional items (6) (533) Operating profit (7) 16407 Finance income (8) 1,557 Finance costs (9) (583) Profit on ordinary activities before tax (10) 17381 Tax on profit on ordinary activities (11) 5,128 Profit attributable to equity shareholders (12) 12253 Dividend per share paid (13) 29.25p Dividend paid (000) (14) 5,628 Dividend per share proposed (15) 22.00p 4,282 Dividend proposed (000) (16) Basic earnings per share (17) Fully diluted earning per share (18) A.G. Barr plc, Annual Report and Accounts, 2006. 65.06p 63.87p