A. Discontinued operations
The results of the discontinued operations included in the Group profit for the financial year are set out below:
|
2017 €m |
2016 €m |
2015 €m |
||||||||||
|
Revenue |
2,343 | 2,315 | 2,229 | |||||||||
|
EBITDA (as defined)* |
164 | 150 | 140 | |||||||||
|
Depreciation |
(16) | (22) | (18) | |||||||||
|
Amortisation |
(5) | (9) | (11) | |||||||||
|
Operating profit |
143 | 119 | 111 | |||||||||
|
Profit on disposals |
3 | 2 | 2 | |||||||||
|
Profit before tax |
146 | 121 | 113 | |||||||||
|
Attributable income tax expense (i) |
(39) | (40) | (28) | |||||||||
|
Profit after tax |
107 | 81 | 85 | |||||||||
|
Basic earnings per Ordinary Share from discontinued operations |
12.8c | 9.8c | 10.4c | |||||||||
|
Diluted earnings per Ordinary Share from discontinued operations |
12.7c | 9.7c | 10.4c | |||||||||
|
Cash flows from discontinued operations |
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|
Net cash inflow from operating activities |
111 | 123 | 173 | |||||||||
|
Net cash outflow from investing activities |
(27) | (22) | (39) | |||||||||
|
Net cash inflow/(outflow) from financing activities |
1 | (1) | - | |||||||||
|
Net cash inflows |
85 | 100 | 134 | |||||||||
| (i) | The 2017 attributable income tax expense includes a non-cash deferred tax credit of €7 million related to the enactment of the “Tax Cuts and Jobs Act” in the US during the year. |