Financial highlights for the year ended 30 December 2016.

Financial highlights 2016 2015 Increase %
 
Revenue (£million) 313.6 305.3 3
Underlying operating profit(a) (£million) 101.7 98.7 3
Underlying profit before tax(a) (£million) 75.2 72.2 4
Underlying earnings per share(b) (pence) 119.8 114.8 4
Cash generated from operations(c) (£million) 121.1 125.2 (3)
Operating profit (£million) 97.7 95.5 2
Profit before tax (£million) 71.2 69.0 3
Basic earnings per share (pence) 115.3 115.2 -
Interim dividend(d) (pence) 7.85 7.14 10
Final dividend paid in the period(e) (pence) 14.31 13.01 10
Deaths 590,000 588,000 -

Non-GAAP measures

The Board believes that whilst statutory reporting measures provide a useful indication of the financial performance of the Group, additional insight is gained by excluding certain non-recurring or non-trading transactions. These measures are defined as follows:-

(a) Underlying profit is calculated as profit excluding profit (or loss) on sale of fixed assets and external transaction costs.
(b) Underlying earnings per share is calculated as profit on ordinary activities after taxation, before profit (or loss) on sale of fixed assets and external transaction costs and exceptional items (all net of tax), divided by the weighted average of Ordinary Shares in the issue in the period.
(c) Cash generated from operations excludes external transaction costs.

Other notes

(d) Interim dividend represents the interim dividend that was declared and paid in the period out of earnings generated in the same period.
(e) The final dividend represents the final dividend that was declared and paid in the period relating to earnings generated in the previous period.