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Income statements

Consolidated Parent entity
2008 2007 2008 2007
Note $’000 $’000 $’000 $’000
Revenue from continuing operations
Sales revenue 3(a) 420,278 426,827 — —
Other revenue 3(a) 860 692 14,003 17,498
Revenue from continuing operations 421,138 427,519 14,003 17,498
Other income 3(a) 221 1,093 221 1,078
Changes in inventories of finished goods and work in progress (1,996) (3,806) — —
Raw materials and consumables used (166,819) (170,879) — —
Employee benefits expense (117,588) (115,878) (81) (76)
Depreciation and amortisation expense 4 (9,509) (9,112) — —
Finance costs 4 (6,923) (6,701) (118) (305)
Other expenses 3(b) (101,793) (99,297) — (137)
Profit before income tax 16,731 22,939 14,025 18,058
Income tax expense 5 (5,178) (7,640) (4,233) (4,091)
Profit after tax from continuing operations 11,553 15,299 9,792 13,967
Discontinued operations
Profit after tax from discontinued operations 6 103 1,289 — —
Profit for the year 11,656 16,588 9,792 13,967
Profit attributable to members of Wattyl Limited 11,656 16,588 9,792 13,967
Cents Cents
Earnings per share for profit from continuing operations
attributable to the ordinary equity holders of the company
Basic earnings per share 38 13.6¢ 18.0¢
Diluted earnings per share 38 13.6¢ 18.0¢
Earnings per share for profit attributable to the ordinary equity
holders of the company
Basic earnings per share 38 13.7¢ 19.6¢
Diluted earnings per share 38 13.7¢ 19.6¢
The above income statements should be read in conjunction with the accompanying notes.

For the year ended 30 June 2008

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Wattyl 2008 Annual Report