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CONSOLIDATED
INCOME
STATEMENT
Annual Report PDF
Year ended 31 December Notes 2020
£m
2019
£m
Revenue 4 1,029 1,431
Cost of sales 5a (1,054) (1,192)
Re-measurement of energy contracts 5b (5) 342
Gross (loss)/profit   (30) 581
Operating costs 5a (181) (180)
Exceptional items 6a (620) (516)
Operating loss   (831) (115)
Financing costs 7 (30) (46)
Investment income 7 4 5
Loss before taxation   (857) (156)
Taxation on loss 8 356 (115)
Loss for the year   (501) (271)

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

The notes on pages 35 to 84 form part of these Consolidated financial statements.