GROUP PROFIT AND LOSS ACCOUNT

for the year to 30 June 2007

	Notes	2007 £m	2006 £m
Revenue
Ticket income		25.1	14.4
Broadcasting		20.9	19.6
Sponsorship		13.3	13.9
Hospitality and catering		26.7	21.6
Merchandising and licensing		5.2	5.9
Travel and leisure		0.8	0.5
Other income		11.7	6.8
		103.7	82.7

Costs
Direct		23.2	18.7
Elite rugby		12.5	13.0
Community rugby		15.2	14.1
Business and administration		15.6	13.5
Stadium		9.1	7.2
		75.6	66.5

Operating profit	2	28.1	16.2
Allocations to clubs and Constituent Bodies		(19.3)	(19.6)
Share of profit/(loss) from associated undertakings		0.1	(0.1)
Net finance income	4	1.0	1.8

Profit/(loss) on ordinary activities before taxation		9.9	(1.7)
Taxation (charge)/credit on ordinary activities	5	(0.5)	0.5

Profit/(loss) on ordinary activities after taxation		9.4	(1.2)
Attributable to minority interests		(2.4)	(2.2)

Profit/(loss) for the year	18	7.0	(3.4)
All amounts relate to continuing activities.