2 0 2 0 Gr o u p Ov e r v iew 21 Increa se in net incom e In m 2018 2019 bef or e I FR S 16 Op er ati n g i n co me b efo r e n o n r ecu r r i n g i tems 916 1006 N on recurr ing incom e and ex pen s es 38 1 12 N et f inanc ial inc om e c os t s 10 3 10 3 I nc om e t ax 18 3 18 2 N et i n co me 592 609 N et inc om e Group s hare 56 5 58 4 3 Non re curr in g ex pense s Im pai rment of hy brid protect i on dev el opmen t c os ts 53m Ac qui s i ti on c os ts Liti gation and othe r c osts Effe c tiv e ta x ra te 23 32 in 20 17