CONSOLIDATED
INCOME
STATEMENT
Annual Report PDF
Year ended 31 December Notes 2019
£m
2018
£m
Revenue 5 1,579 1,854
Cost of sales 6 (1,192) (1,226)
Re-measurement of energy contracts 7 194 (5)
Gross profit   581 623
Operating costs 6 (180) (202)
Exceptional items 7 (516) 91
Operating (loss)/profit   (115) 512
Financing costs 8 (46) (42)
Investment income 8 5 15
(Loss)/profit before taxation   (156) 485
Taxation on (loss)/profit 9 (115) (294)
(Loss)/profit for the year   (271) 191

The results in the above Consolidated income statement relate to continuing operations.

The notes on pages 31 to 78 form part of these Consolidated financial statements.