NotesUnderlying
2018
£000
Statutory
2018
£000
Underlying
2017
£000
Statutory
2017
£000
Revenue: hire of vehicles4471,187471,187456,120456,120
Revenue: sale of vehicles4230,485230,485211,309211,309
Total revenue4701,672701,672667,429667,429
Cost of sales(563,232)(563,232)(514,446)(514,446)
Gross profit138,440138,440152,983152,983
Administrative expenses (excluding exceptional items and certain intangible amortisation)(70,097)(70,097)(68,378)(68,378)
Exceptional administrative expenses26(2,499)(1,293)
Certain intangible amortisation13(1,767)(1,830)
Total administrative expenses(70,097)(74,363)(68,378)(71,501)
Operating profit4, 568,34364,07784,60581,482
Interest income1122
Finance costs (excluding exceptional items)7(11,340)(11,340)(9,601)(9,601)
Exceptional finance credit7, 26339
Profit before taxation57,00452,73875,00672,222
Taxation8(10,651)(9,506)(12,007)(11,321)
Profit for the year46,35343,23262,99960,901

Profit for the year is wholly attributable to owners of the Parent Company. All results arise from continuing operations.

Underlying profit excludes exceptional items as set out in Note 26, as well as certain intangible amortisation and the taxation thereon, in order to provide a better indication of the Group's underlying business performance.

Earnings per share
Basic1034.8p32.4p47.3p45.7p
Diluted1034.3p32.0p46.7p45.1p