Group profit and loss account FOR THE YEAR ENDED 31 MARCH 1996
	Notes	1996 £m	1995 £m
Turnover	1	14,446	13,893
Operating costs (a)	2	11,346	11,230
Operating profit		3,100	2,663
Group’s share of profits of associated undertakings		82	92
Profit on sale of group undertakings	3	7	241
Interest receivable	4	(201)	(155)
Interest payable	4	371	414
Premium on repurchase of bonds	4	-	75
Profit on ordinary activities before taxation		3,019	2,662
Tax on profit on ordinary activities	5	1,027	926
Profit on ordinary activities after taxation		1,992	1,736
Minority interests		6	5
Profit for the financial year		1,986	1,731
Dividends	6	1,184	1,108
Retained profit for the financial year	20	802	623
Earnings per share	7	31.6p	27.8p
(a) including redundancy charges		421	820
Group statement of total recognised gains and losses FOR THE YEAR ENDED 31 MARCH 1996
		1996 £m	1995 £m
Profit for the financial year		1,986	1,731
Currency movements arising on consolidation of foreign subsidiary and associated undertakings		42	(56)
Total recognised gains and losses		2,028	1,675

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