Credit Investor Presentation 2020/21
Year ended 31 March
£m
Reported profit after tax
Adjustments:
Profit after tax reconciliation
Re-presented
As reported
2021
2020
2020
453.4
106.8
106.8
Bioresources asset write down
COVID-19
Restructuring costs
Fair value (gains)/losses on debt and derivative instruments, excluding interest on derivatives
and debt under fair value option
Net fair value losses on debt and derivative instruments
Interest on swaps and debt under fair value option
Net pension interest income
Capitalised borrowing costs
Profit on disposal of Tallinn joint venture
Deferred tax adjustment
Agreement of prior years' tax matters
Tax in respect of adjustments to underlying profit before tax
Underlying profit after tax
Basic earnings per share (pence)
Underlying earnings per share (pence)
82.6
82.6
56.2
56.2
11.8
(54.3)
92.8
76.3
16.5
(14.0)
(40.6)
(36.7)
18.4
157.5
157.5
(12.2)
2.2
(9.6)
(11.3)
383.0
486.3
429.6
66.5
15.7
15.7
56.2
71.3
63.0
Underlying measures reflect the adoption of new definitions for alternative performance measures (APMs) with prior
year numbers re-presented for comparative purposes and also showing prior year as reported.
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Credit Investor presentation
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