| Income Statement for Virgin 2015-2018 |
| PROFIT & LOSS | Notes | 2015 ($) Millions | 2016 ($) Millions | Notes | 2017 ($) Millions | Notes | 2018 ($) Millions |
| REVENUE AND INCOME |
| Airline passenger revenue | B3 | $3,999.0 | $4,194.8 | B3 | $4,275.3 | B3 | $4,623.4 |
| Other ancillary revenue | B3 | $707.0 | $790.9 | B3 | $765.3 | B3 | $793.8 |
| Other income | $17.4 | $18.2 | $3.8 | $3.5 |
| Net foreign exchange gains | $25.8 | $17.1 | $2.9 | NA |
| Revenue and income | $4,749.2 | $5,021.0 | $5,047.3 | $5,420.7 |
| OPERATING EXPENDITURE |
| Aircraft operating lease expenses | B4 | -$290.0 | -$360.6 | B4 | -$420.3 | B4 | -$389.0 |
| Airport charges, navigation and station operations | -$917.0 | -$984.1 | -$1,023.8 | -$1,060.7 |
| Contract and other maintenance expenses | -$155.2 | -$182.0 | -$238.5 | -$246.4 |
| Commissions and other marketing and reservations expenses | -$363.1 | -$408.2 | -$430.0 | -$467.4 |
| Fuel and oil | -$1,191.6 | $1,018.8 | -$866.7 | -$985.5 |
| Labour and staff related expenses | -$1,118.8 | -$1,157.8 | -$1,219.2 | -$1,246.7 |
| Impairment losses on assets classified as held for sale | D1 | NA | -$107.3 | D1 | -$7.8 | D1 | NA |
| Impairment losses on cash-generated sales | -$120.8 |
| Impairment losses on other assets | C6 | NA | -$118.1 | B4 | -$65.9 | B4 | -$47.8 |
| Onerous contract expenses | C6 | NA | -$100.2 | C6 | -$29.6 | B4 | -$58.5 |
| Other expenses from ordinary activities | B4 | -$464.2 | $531.6 | B4 | -$516.9 | C6 | -$512.9 |
| Depreciation and amortisation | -$275.4 | -$282.2 | -$309.7 | B4 | -$337.3 |
| inneffectivenes on cash-flow hedges | $0.7 | NA |
| Ineffective cash flow hedges and non-designated derivatives losses | -$27.4 | -$27.8 | -$42.8 | NA |
| NET OPERATING EXPENDITURE | -$4,802.7 | -$5,278.7 | -$5,171.2 | -$5,473.0 |
| Share of net profits/(losses) of equity-accounted investees | F2 | -$16.6 | $0.7 | F2 | $2.1 | F2 | $3.5 |
| LOSS BEFORE NET FINANCE COST & TAX | -$70.1 | -$257.0 | -$121.8 | -$48.8 |
| Finance income | $39.7 | $11.4 | $16.9 | $19.2 |
| Finance costs | B4 | -$132.9 | -$181.0 | B4 | -$184.7 | B4 | -$171.8 |
| Net finance costs | -$93.2 | -$169.6 | -$167.8 | -$152.6 |
| Loss before tax | -$163.3 | -$426.6 | -$289.6 | -$201.4 |
| Income tax benefit | B5 | $69.5 | $201.9 | B5 | $103.8 | B5 | -$451.9 |
| Loss | -$93.8 | -$224.7 | -$185.8 | -$653.3 |
| Attributable to: |
| Owners of the Company | -$110.8 | -$260.9 | -$220.3 | -$681.0 |
| Non-controlling interests | F5 | $17.0 | $36.2 | F5 | $34.5 | F5 | $27.7 |
| -$93.8 | -$224.7 | -$185.8 | -$653.3 |
| EARNINGS PER/SHARE (cents) |
| Basic earnings per share | B2 | -$3.2 | -$7.4 | B2 | -$2.8 | B2 | -$8.1 |
| Diluted earnings per share | B2 | -$3.2 | -$7.4 | B2 | -$2.8 | B2 | -$8.1 |
| REFER TO STATEMENT FOR FURTHER DETAILS OF LOSS |
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Exapmle6.xlsx
