| Note | 2020 | 2019 |
Underlying £m | Non- underlying* (note 4 & note 5) £m | Total £m | Underlying £m | Non- underlying* (note 4 & note 5) £m | Total £m |
Revenue | 2 | 515.1 | – | 515.1 | 481.8 | – | 481.8 |
Cost of sales | | (223.5) | – | (223.5) | (203.6) | (5.1) | (208.7) |
Gross profit | | 291.6 | – | 291.6 | 278.2 | (5.1) | 273.1 |
Selling, general and administrative expenses | (134.9) | (70.4) | (205.3) | (125.7) | (76.5) | (202.2) |
Research and development expenses | | (28.4) | (5.7) | (34.1) | (25.1) | (6.8) | (31.9) |
Operating profit | 2 | 128.3 | (76.1) | 52.2 | 127.4 | (88.4) | 39.0 |
Finance income | 3 | 3.0 | – | 3.0 | 0.7 | – | 0.7 |
Finance expense | 4 | (11.5) | (2.5) | (14.0) | (10.5) | (1.0) | (11.5) |
Share of profit/(loss) of investments accounted for using the equity method | 6 | 0.3 | (0.6) | (0.3) | (0.2) | (0.2) | (0.4) |
Profit before taxation | 7 | 120.1 | (79.2) | 40.9 | 117.4 | (89.6) | 27.8 |
Income taxes | 9 | (24.7) | 17.7 | (7.0) | (24.9) | 28.0 | 3.1 |
Profit for the year | 95.4 | (61.5) | 33.9 | 92.5 | (61.6) | 30.9 |
Earnings per share | | | | | | | |
Basic | 11 | | | 32.87p | | | 30.15p |
Diluted | 11 | | | 32.76p | | | 30.07p |
Dividend per share (interim paid and final proposed for the year) | 10 | | | 34.29p | | | 31.60p |
* The Group presents a number of non-GAAP Alternative Performance Measures (APMs). This allows investors to understand better the underlying performance of the Group, by excluding non-underlying items as set out in note 5.