Group profit and loss account
FOR THE YEAR ENDED 31 MARCH 1996
Notes 1996
£m
1995
£m


Turnover1 14,446 13,893
Operating costs (a) 2 11,346 11,230



Operating profit 3,100 2,663
Groupís 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 bonds4 - 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 taxation1,992 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 year20 802 623



Earnings per share7 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 losses2,028 1,675


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