Quarterly analysis of turnover and profit
(UNAUDITED) YEAR ENDED 31 MARCH 1996

Quarters 1st
£m
2nd
£m
3rd
£m
4th
£m
Total
£m





Turnover 3,499 3,549 3,620 3,778 14,446






Operating profit (a) 886 798 835 581 3,100
Groupís share of profits (losses) of associated undertakings 31 (26) 30 47 82
Profit on sale of group undertakings 5 - 2 - 7
Interest receivable (42) (51) (53) (55) (201)
Interest payable 90 91 91 99 371






Profit on ordinary activities before taxation 874 732 829 584 3,019
Tax on profit on ordinary activities 297 249 282 199 1,027






Profit on ordinary activities after taxation 577 483 547 385 1,992
Minority interests 2 4 - - 6






Profit for the financial period 575 479 547 385 1,986






Earnings per share 9.2p 7.6p 8.7p 6.1p 31.6p






(a) including redundancy charges 22 101 60 238 421







(UNAUDITED) YEAR ENDED 31 MARCH 1995

Quarters 1st
£m
2nd
£m
3rd
£m
4th
£m
Total
£m





Turnover 3,382 3,469 3,466 3,576 13,893






Operating profit (a) (b) 841 831 669 322 2,663
Groupís share of profits of associated undertakings 3 15 31 43 92
Profit on sale of group undertakings - - 33 208 241
Interest receivable (37) (42) (38) (38) (155)
Interest payable 100 101 111 102 414
Premium on repurchase of bonds - 75 - - 75






Profit on ordinary activities before taxation 781 712 660 509 2,662
Tax on profit on ordinary activities 270 271 228 157 926






Profit on ordinary activities after taxation 511 441 432 352 1,736
Minority interests 7 9 (9) (2) 5






Profit for the financial period 504 432 441 354 1,731






Earnings per share 8.1p 6.9p 7.1p 5.7p 27.8p






(a) including redundancy charges 54 97 217 452 820






(b) Operating profit for the fourth quarter and year ended 31 March 1995 has been restated for a reclassification of the annual charge for the employee share ownership scheme.
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