Investor Information 2014
Investor information reportStrategic In this section Quarterly trend 218 Five year record 222 Product development pipeline 225 Products, competition and intellectual property 229 Risk factors 232 Share capital and share price 242 remuneration & Governance Dividends 244 Tax information for shareholders 244 Annual General Meeting 2015 245 US law and regulation 247 Shareholder services and contacts 249 Glossary of terms and index 251 Financial statementsFinancial Investor information Investor GSK Annual Report 2014 217 Financial record Strategic reportStrategic Quarterly trend An unaudited analysis of the Group results is provided by quarter in Sterling for the financial year 2014. Income statement – total 12 months 2014 Q4 2014 £m CER% £% £m CER% £% Turnover – Pharmaceuticals and Vaccines 18,670 (6) (12) 5,070 (7) (10) – Consumer Healthcare 4,336 (11) (18) 1,116 (7) (10) Total turnover 23,006 (7) (13) 6,186 (7) (10) Cost of sales (7,323) (11) (15) (2,029) (18) (20) Selling, general and administration (8,246) 4 (3) (2,207) 4 – Research and development (3,450) (8) (12) (979) (7) (9) Royalty income 310 (18) (20) 67 (31) (32) Other operating income (700) (347) Operating profit 3,597 (40) (49) 691 (69) (72) Governance & remuneration & Governance Net finance costs (659) (171) Profit on disposal of interest in associates and joint ventures – – Share of after tax profits of associates and joint ventures 30 11 Profit before taxation 2,968 (46) (55) 531 (77) (79) Taxation (137) 494 Tax rate % 4.6% (93.0)% Profit after taxation for the period 2,831 (41) (50)
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