|
| |
|
|
Notes |
|
|
Before goodwill
amortisation
and exceptional
items
£m |
|
|
Goodwill
amortisation
and exceptional
items
£m |
|
|
Total
£m |
|
|
|
|
|
|
Total turnover |
|
|
2 |
|
|
19,031 |
|
|
– |
|
|
19,031 |
|
|
|
|
|
|
Group’s share of joint ventures’ turnover |
|
|
3 |
|
|
(355 |
) |
|
– |
|
|
(355 |
) |
Group’s share of associates’ turnover |
|
|
3 |
|
|
(53 |
) |
|
– |
|
|
(53 |
) |
|
|
|
|
|
Group turnover |
|
|
2 |
|
|
18,623 |
|
|
– |
|
|
18,623 |
|
Other operating income |
|
|
|
|
|
171 |
|
|
– |
|
|
171 |
|
Operating costs |
|
|
4 |
|
|
(15,930 |
) |
|
(75 |
) |
|
(16,005 |
) |
|
|
|
|
|
Group operating profit (loss) |
|
|
|
|
|
2,864 |
|
|
(75 |
) |
|
2,789 |
|
Group’s share of operating loss of joint ventures |
|
|
5 |
|
|
(6 |
) |
|
(25 |
) |
|
(31 |
) |
Group’s share of operating profit of associates |
|
|
5 |
|
|
6 |
|
|
– |
|
|
6 |
|
|
|
|
|
|
Total operating profit (loss) |
|
|
|
|
|
2,864 |
|
|
(100 |
) |
|
2,764 |
|
Profit on sale of fixed asset investments |
|
|
6 |
|
|
– |
|
|
358 |
|
|
358 |
|
Profit on sale of property fixed assets |
|
|
|
|
|
22 |
|
|
– |
|
|
22 |
|
Interest receivable |
|
|
7 |
|
|
265 |
|
|
– |
|
|
265 |
|
Interest payable |
|
|
8 |
|
|
(1,066 |
) |
|
– |
|
|
(1,066 |
) |
|
|
|
|
|
Profit on ordinary activities before taxation |
|
|
|
|
|
2,085 |
|
|
258 |
|
|
2,343 |
|
Tax on profit on ordinary activities |
|
|
9 |
|
|
(539 |
) |
|
16 |
|
|
(523 |
) |
|
|
|
|
|
Profit on ordinary activities after taxation |
|
|
|
|
|
1,546 |
|
|
274 |
|
|
1,820 |
|
Minority interests |
|
|
10 |
|
|
1 |
|
|
– |
|
|
1 |
|
|
|
|
|
|
Profit for the financial year |
|
|
|
|
|
1,547 |
|
|
274 |
|
|
1,821 |
|
Dividends |
|
|
11 |
|
|
|
|
|
|
|
|
(883 |
) |
|
|
|
|
|
Retained profit for the financial year |
|
|
25 |
|
|
|
|
|
|
|
|
938 |
|
|
|
|
|
|
Basic earnings per share |
|
|
12 |
|
|
18.1 |
p |
|
|
|
|
21.4 |
p |
Diluted earnings per share |
|
|
12 |
|
|
18.0 |
p |
|
|
|
|
21.2 |
p |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Group
profit and loss account
for the year ended 31 March 2004
| |
|
|
Notes |
|
|
Before goodwill
amortisation
and exceptional
items
£m |
|
|
Goodwill
amortisation
and exceptional
items
£m |
|
|
Total
£m |
|
|
|
|
|
|
Total turnover |
|
|
2 |
|
|
18,914 |
|
|
– |
|
|
18,914 |
|
|
|
|
|
|
Group’s share of joint ventures’ turnover |
|
|
3 |
|
|
(352 |
) |
|
– |
|
|
(352 |
) |
Group’s share of associates’ turnover |
|
|
3 |
|
|
(43 |
) |
|
– |
|
|
(43 |
) |
|
|
|
|
|
Group turnover |
|
|
2 |
|
|
18,519 |
|
|
– |
|
|
18,519 |
|
Other operating income |
|
|
|
|
|
177 |
|
|
– |
|
|
177 |
|
Operating costs |
|
|
4 |
|
|
(15,807 |
) |
|
(19 |
) |
|
(15,826 |
) |
|
|
|
|
|
Group operating profit (loss) |
|
|
|
|
|
2,889 |
|
|
(19 |
) |
|
2,870 |
|
Group’s
share of operating loss of joint ventures |
|
|
5 |
|
|
(12 |
) |
|
(26 |
) |
|
(38 |
) |
Group’s
share of operating profit of associates |
|
|
5 |
|
|
4 |
|
|
– |
|
|
4 |
|
|
|
|
|
|
Total operating profit (loss) |
|
|
|
|
|
2,881 |
|
|
(45 |
) |
|
2,836 |
|
Profit on sale of fixed asset investments |
|
|
6 |
|
|
4 |
|
|
34 |
|
|
38 |
|
Loss on sale of group undertakings |
|
|
6 |
|
|
– |
|
|
(2 |
) |
|
(2 |
) |
Profit on sale of property fixed assets |
|
|
|
|
|
14 |
|
|
– |
|
|
14 |
|
Interest receivable |
|
|
7 |
|
|
264 |
|
|
34 |
|
|
298 |
|
Interest payable |
|
|
8 |
|
|
(1,150 |
) |
|
(89 |
) |
|
(1,239 |
) |
|
|
|
|
|
Profit (loss) on ordinary activities before taxation |
|
|
|
|
|
2,013 |
|
|
(68 |
) |
|
1,945 |
|
Tax on profit (loss) on ordinary activities |
|
|
9 |
|
|
(568 |
) |
|
29 |
|
|
(539 |
) |
|
|
|
|
|
Profit (loss) on ordinary activities after taxation |
|
|
|
|
|
1,445 |
|
|
(39 |
) |
|
1,406 |
|
Minority interests |
|
|
10 |
|
|
8 |
|
|
– |
|
|
8 |
|
|
|
|
|
|
Profit (loss) for the financial year |
|
|
|
|
|
1,453 |
|
|
(39 |
) |
|
1,414 |
|
Dividends |
|
|
11 |
|
|
|
|
|
|
|
|
(732 |
) |
|
|
|
|
|
Retained profit for the financial year |
|
|
25 |
|
|
|
|
|
|
|
|
682 |
|
|
|
|
|
|
Basic earnings per share |
|
|
12 |
|
|
16.9 |
p |
|
|
|
|
16.4 |
p |
Diluted earnings per share |
|
|
12 |
|
|
16.8 |
p |
|
|
|
|
16.3 |
p |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Restated following adoption of UITF17 and UITF38 (see note 1)
|
Group profit and loss account
for the year ended 31 March 2003
| |
|
|
Notes |
|
|
Before goodwill
amortisation
and exceptional
items
£m |
|
|
Goodwill
amortisation
and exceptional
items
£m |
|
|
Total
£m |
|
|
|
|
|
|
Total turnover |
|
|
2 |
|
|
20,182 |
|
|
– |
|
|
20,182 |
|
|
|
|
|
|
Group’s share of joint ventures’ turnover |
|
|
3 |
|
|
(425 |
) |
|
– |
|
|
(425 |
) |
Group’s share of associates’ turnover |
|
|
3 |
|
|
(1,030 |
) |
|
– |
|
|
(1,030 |
) |
|
|
|
|
|
Group turnover |
|
|
2 |
|
|
18,727 |
|
|
– |
|
|
18,727 |
|
Other operating income |
|
|
|
|
|
215 |
|
|
– |
|
|
215 |
|
Operating costs |
|
|
4 |
|
|
(16,148 |
) |
|
(218 |
) |
|
(16,366 |
) |
|
|
|
|
|
Group operating profit (loss) |
|
|
|
|
|
2,794 |
|
|
(218 |
) |
|
2,576 |
|
Group’s share of operating profit (loss) of joint ventures |
|
|
5 |
|
|
(31 |
) |
|
150 |
|
|
119 |
|
Group’s share of operating profit (loss) of associates |
|
|
5 |
|
|
212 |
|
|
(2 |
) |
|
210 |
|
|
|
|
|
|
Total operating profit (loss) |
|
|
|
|
|
2,975 |
|
|
(70 |
) |
|
2,905 |
|
Profit on sale of fixed asset investments |
|
|
6 |
|
|
– |
|
|
1,705 |
|
|
1,705 |
|
Loss on sale of group undertakings |
|
|
6 |
|
|
– |
|
|
(9 |
) |
|
(9 |
) |
Profit on sale of property fixed assets |
|
|
|
|
|
11 |
|
|
– |
|
|
11 |
|
Interest receivable |
|
|
7 |
|
|
195 |
|
|
– |
|
|
195 |
|
Interest payable |
|
|
8 |
|
|
(1,341 |
) |
|
(293 |
) |
|
(1,634 |
) |
|
|
|
|
|
Profit on ordinary activities before taxation |
|
|
|
|
|
1,840 |
|
|
1,333 |
|
|
3,173 |
|
Tax on profit on ordinary activities |
|
|
9 |
|
|
(598 |
) |
|
139 |
|
|
(459 |
) |
|
|
|
|
|
Profit on ordinary activities after taxation |
|
|
|
|
|
1,242 |
|
|
1,472 |
|
|
2,714 |
|
Minority interests |
|
|
10 |
|
|
(5 |
) |
|
(7 |
) |
|
(12 |
) |
|
|
|
|
|
Profit for the financial year |
|
|
|
|
|
1,237 |
|
|
1,465 |
|
|
2,702 |
|
Dividends |
|
|
11 |
|
|
|
|
|
|
|
|
(560 |
) |
|
|
|
|
|
Retained profit for the financial year |
|
|
25 |
|
|
|
|
|
|
|
|
2,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
|
12 |
|
|
14.4 |
p |
|
|
|
|
31.4 |
p |
Diluted earnings per share |
|
|
12 |
|
|
14.3 |
p |
|
|
|
|
31.2 |
p |
|
|
|
|
|
Restated following adoption of UITF17 and UITF38 (see note 1)
|
|
