|
Years ended 31 March |
|
|
2001
£m |
a |
|
2002
£m |
a |
|
2003
£m |
a |
|
2004
£m |
a |
|
2005
£m |
|
|
|
Total turnover: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
21,068 |
|
|
21,815 |
|
|
20,182 |
|
|
18,914 |
|
|
19,031 |
|
Discontinued activities |
|
|
8,598 |
|
|
2,827 |
|
|
– |
|
|
– |
|
|
– |
|
| |
|
|
29,666 |
|
|
24,642 |
|
|
20,182 |
|
|
18,914 |
|
|
19,031 |
|
Group’s share of associates’ and joint ventures’ turnover |
|
|
(9,937 |
) |
|
(4,764 |
) |
|
(1,455 |
) |
|
(395 |
) |
|
(408 |
) |
Trading between group and principal joint venture |
|
|
698 |
|
|
681 |
|
|
– |
|
|
– |
|
|
– |
|
|
|
Group turnover: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
17,141 |
|
|
18,447 |
|
|
18,727 |
|
|
18,519 |
|
|
18,623 |
|
Discontinued activities |
|
|
3,286 |
|
|
2,112 |
|
|
– |
|
|
– |
|
|
– |
|
| |
|
|
20,427 |
|
|
20,559 |
|
|
18,727 |
|
|
18,519 |
|
|
18,623 |
|
Other operating income |
|
|
359 |
|
|
362 |
|
|
215 |
|
|
177 |
|
|
171 |
|
Operating costsbc |
|
|
(20,764 |
) |
|
(21,387 |
) |
|
(16,366 |
) |
|
(15,826 |
) |
|
(16,005 |
) |
|
|
Group operating profit (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Before goodwill amortisation and exceptional items |
|
|
3,252 |
|
|
2,593 |
|
|
2,794 |
|
|
2,889 |
|
|
2,864 |
|
Goodwill amortisation and exceptional items |
|
|
(3,230 |
) |
|
(3,059 |
) |
|
(218 |
) |
|
(19 |
) |
|
(75 |
) |
| |
|
|
22 |
|
|
(466 |
) |
|
2,576 |
|
|
2,870 |
|
|
2,789 |
|
|
Group’s
share of operating profit (loss) of associates and joint venturesd |
|
|
(397 |
) |
|
(1,381 |
) |
|
329 |
|
|
(34 |
) |
|
(25 |
) |
|
|
Total operating profit (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
2,451 |
|
|
(1,476 |
) |
|
2,905 |
|
|
2,836 |
|
|
2,764 |
|
Discontinued activities |
|
|
(2,826 |
) |
|
(371 |
) |
|
– |
|
|
– |
|
|
– |
|
| |
|
|
(375 |
) |
|
(1,847 |
) |
|
2,905 |
|
|
2,836 |
|
|
2,764 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit on sale of fixed asset investments and group undertakings |
|
|
619 |
|
|
4,389 |
|
|
1,696 |
|
|
36 |
|
|
358 |
|
Profit on sale of property fixed assets |
|
|
34 |
|
|
1,089 |
|
|
11 |
|
|
14 |
|
|
22 |
|
Amounts written off investments |
|
|
– |
|
|
(535 |
) |
|
– |
|
|
– |
|
|
– |
|
Net interest payablee |
|
|
(1,314 |
) |
|
(1,622 |
) |
|
(1,439 |
) |
|
(941 |
) |
|
(801 |
) |
|
|
Profit (loss) on ordinary activities before taxation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Before goodwill amortisation and exceptional items |
|
|
2,067 |
|
|
1,126 |
|
|
1,840 |
|
|
2,013 |
|
|
2,085 |
|
Goodwill amortisation and exceptional items |
|
|
(3,103 |
) |
|
348 |
|
|
1,333 |
|
|
(68 |
) |
|
258 |
|
| |
|
|
(1,036 |
) |
|
1,474 |
|
|
3,173 |
|
|
1,945 |
|
|
2,343 |
|
Tax on profit (loss) on ordinary activitiesf |
|
|
(712 |
) |
|
(443 |
) |
|
(459 |
) |
|
(539 |
) |
|
(523 |
) |
|
|
Profit (loss) on ordinary activities after taxation |
|
|
(1,748 |
) |
|
1,031 |
|
|
2,714 |
|
|
1,406 |
|
|
1,820 |
|
Minority interests |
|
|
(127 |
) |
|
(23 |
) |
|
(12 |
) |
|
8 |
|
|
1 |
|
|
|
Profit (loss) for the financial year |
|
|
(1,875 |
) |
|
1,008 |
|
|
2,702 |
|
|
1,414 |
|
|
1,821 |
|
|
|
Average number of shares used in basic earnings per share (millions) |
|
|
7,276 |
|
|
8,307 |
|
|
8,616 |
|
|
8,621 |
|
|
8,524 |
|
Basic earnings (loss) per share |
|
|
(25.8 |
)p |
|
12.1 |
p |
|
31.4 |
p |
|
16.4 |
p |
|
21.4 |
p |
Diluted earnings (loss) per share |
|
|
(25.8 |
)p |
|
12.0 |
p |
|
31.2 |
p |
|
16.3 |
p |
|
21.2 |
p |
Basic earnings (loss) per share from continuing activities |
|
|
20.6 |
p |
|
(34.6 |
)p |
|
31.4 |
p |
|
16.4 |
p |
|
21.4 |
p |
Diluted earnings (loss) per share from continuing activities |
|
|
20.3 |
p |
|
(34.6 |
)p |
|
31.2 |
p |
|
16.3 |
p |
|
21.2 |
p |
Dividends per share |
|
|
7.8 |
p |
|
2.0 |
p |
|
6.5 |
p |
|
8.5 |
p |
|
10.4 |
p |
Dividends per share, centsg |
|
|
14.0 |
c |
|
3.1 |
c |
|
10.3 |
c |
|
15.3 |
c |
|
19.5 |
c |
|
|
Basic earnings per share before goodwill amortisation and
exceptional items |
|
|
17.5 |
p |
|
6.2 |
p |
|
14.4 |
p |
|
16.9 |
p |
|
18.1 |
p |
Diluted earnings per share before goodwill amortisation and
exceptional items |
|
|
17.2 |
p |
|
6.2 |
p |
|
14.3 |
p |
|
16.8 |
p |
|
18.0 |
p |
Basic earnings per share before goodwill amortisation and
exceptional items on continuing activities |
|
|
19.2 |
p |
|
9.0 |
p |
|
14.4 |
p |
|
16.9 |
p |
|
18.1 |
p |
|
|
aRestated
following adoption of UITF17 and UITF38 (see note 1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
bOperating
costs include net exceptional costs |
|
|
2,857 |
|
|
2,707 |
|
|
198 |
|
|
7 |
|
|
59 |
|
cIncludes
redundancy and early leaver costs |
|
|
118 |
|
|
252 |
|
|
276 |
|
|
202 |
|
|
166 |
|
dGroup’s
share of operating profit (loss) of associates and joint
ventures includes exceptional costs (release) |
|
|
332 |
|
|
1,294 |
|
|
(150 |
) |
|
26 |
|
|
25 |
|
eNet
interest payable includes exceptional costs (credits) |
|
|
(25 |
) |
|
162 |
|
|
293 |
|
|
55 |
|
|
– |
|
fIncludes
exceptional tax charge (credit) |
|
|
22 |
|
|
(143 |
) |
|
(139 |
) |
|
(29 |
) |
|
(16 |
) |
gBased
on actual dividends paid and/or year end exchange rate on
proposed dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended 31 March |
|
|
2001
£m |
|
|
2002
£m |
|
|
2003
£m |
|
|
2004
£m |
|
|
2005
£m |
|
|
|
Net cash flow from operating activities |
|
|
5,887 |
|
|
5,257 |
|
|
6,023 |
|
|
5,389 |
|
|
5,898 |
|
Dividends from associates and joint ventures |
|
|
10 |
|
|
2 |
|
|
6 |
|
|
3 |
|
|
2 |
|
Returns on investments and servicing of finance |
|
|
(727 |
) |
|
(1,695 |
) |
|
(1,506 |
) |
|
(527 |
) |
|
(878 |
) |
Taxation paid |
|
|
(669 |
) |
|
(562 |
) |
|
(434 |
) |
|
(317 |
) |
|
(332 |
) |
Capital expenditure and financial investment |
|
|
(8,442 |
) |
|
(1,354 |
) |
|
(2,381 |
) |
|
(2,477 |
) |
|
(2,408 |
) |
Acquisitions and disposals |
|
|
(13,754 |
) |
|
5,785 |
|
|
2,842 |
|
|
(60 |
) |
|
(418 |
) |
Equity dividends paid |
|
|
(1,432 |
) |
|
– |
|
|
(367 |
) |
|
(645 |
) |
|
(784 |
) |
|
|
Cash (outflow) inflow before management of liquid resources and financing |
|
|
(19,127 |
) |
|
7,433 |
|
|
4,183 |
|
|
1,366 |
|
|
1,080 |
|
Management of liquid resources |
|
|
(480 |
) |
|
(1,864 |
) |
|
(1,729 |
) |
|
1,123 |
|
|
587 |
|
Financing |
|
|
19,735 |
|
|
(5,479 |
) |
|
(2,473 |
) |
|
(2,445 |
) |
|
(1,485 |
) |
|
|
Increase (decrease) in cash in the year |
|
|
128 |
|
|
90 |
|
|
(19 |
) |
|
44 |
|
|
182 |
|
|
|
(Increase) decrease in net debt in the year resulting from cash flows |
|
|
(18,942 |
) |
|
13,930 |
|
|
4,225 |
|
|
1,222 |
|
|
887 |
|
|
|
At 31 March |
|
|
2001
£m |
a |
|
2002
£m |
a |
|
2003
£m |
a |
|
2004
£m |
a |
|
2005
£m |
|
|
|
Intangible fixed assets |
|
|
18,380 |
|
|
252 |
|
|
218 |
|
|
204 |
|
|
623 |
|
Tangible fixed assets |
|
|
21,625 |
|
|
16,078 |
|
|
15,888 |
|
|
15,487 |
|
|
15,916 |
|
Fixed asset investments |
|
|
5,107 |
|
|
1,044 |
|
|
457 |
|
|
324 |
|
|
115 |
|
Net current assets (liabilities) |
|
|
(11,111 |
) |
|
757 |
|
|
1,913 |
|
|
2,027 |
|
|
(2,165 |
) |
|
|
Total assets less current liabilities |
|
|
34,001 |
|
|
18,131 |
|
|
18,476 |
|
|
18,042 |
|
|
14,489 |
|
Loans and other borrowings falling due after one year |
|
|
(18,775 |
) |
|
(16,245 |
) |
|
(13,456 |
) |
|
(12,426 |
) |
|
(8,091 |
) |
Provisions for liabilities and charges |
|
|
(2,738 |
) |
|
(2,324 |
) |
|
(2,376 |
) |
|
(2,504 |
) |
|
(2,497 |
) |
Minority interests |
|
|
(499 |
) |
|
(72 |
) |
|
(63 |
) |
|
(46 |
) |
|
(50 |
) |
|
|
Total assets less liabilities |
|
|
11,989 |
|
|
(510 |
) |
|
2,581 |
|
|
3,066 |
|
|
3,851 |
|
|
|
Called up share capital |
|
|
7,573 |
|
|
434 |
|
|
434 |
|
|
432 |
|
|
432 |
|
Share premium account |
|
|
– |
|
|
2 |
|
|
2 |
|
|
2 |
|
|
3 |
|
Capital redemption reserve |
|
|
– |
|
|
– |
|
|
– |
|
|
2 |
|
|
2 |
|
Other reserves |
|
|
(2,848 |
) |
|
1,025 |
|
|
998 |
|
|
998 |
|
|
998 |
|
Profit and loss account |
|
|
7,264 |
|
|
(1,971 |
) |
|
1,147 |
|
|
1,632 |
|
|
2,416 |
|
|
|
Total equity shareholders’ funds (deficiency) |
|
|
11,989 |
|
|
(510 |
) |
|
2,581 |
|
|
3,066 |
|
|
3,851 |
|
|
|
Total assets |
|
|
54,702 |
|
|
27,496 |
|
|
28,119 |
|
|
26,565 |
|
|
26,950 |
|
|
|
| a |
Restated
following adoption of UITF17 and UITF38 (see
note 1) |
Years ended 31 March |
|
|
2001
£m |
|
|
2002
£m |
|
|
2003
£m |
|
|
2004
£m |
|
|
2005
£m |
|
|
|
Group operating profit (loss) |
|
|
(633 |
) |
|
(337 |
) |
|
2,693 |
|
|
2,420 |
|
|
2,779 |
|
Income (loss) before taxes |
|
|
(1,959 |
) |
|
1,025 |
|
|
3,653 |
|
|
1,188 |
|
|
1,576 |
|
Net income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
809 |
|
|
(1,680 |
) |
|
4,134 |
|
|
883 |
|
|
1,297 |
|
Discontinued activities |
|
|
(3,166 |
) |
|
948 |
|
|
– |
|
|
– |
|
|
– |
|
| |
|
|
(2,357 |
) |
|
(732 |
) |
|
4,134 |
|
|
883 |
|
|
1,297 |
|
|
|
Basic earnings (loss) per ordinary share |
|
|
(32.4 |
)p |
|
(8.8 |
)p |
|
48.0 |
p |
|
10.2 |
p |
|
15.2 |
p |
Diluted earnings (loss) per ordinary share |
|
|
(32.4 |
)p |
|
(8.8 |
)p |
|
47.7 |
p |
|
10.2 |
p |
|
15.1 |
p |
Basic earnings (loss) per ordinary share from continuing activities |
|
|
11.1 |
p |
|
(20.2 |
)p |
|
48.0 |
p |
|
10.2 |
p |
|
15.2 |
p |
Diluted earnings (loss) per ordinary share from continuing activities |
|
|
11.0 |
p |
|
(20.2 |
)p |
|
47.7 |
p |
|
10.2 |
p |
|
15.1 |
p |
Basic (loss) earnings per ordinary share from discontinued activities |
|
|
(43.5 |
)p |
|
11.4 |
p |
|
– |
|
|
– |
|
|
– |
|
Diluted (loss) earnings per ordinary share from discontinued activities |
|
|
(43.5 |
)p |
|
11.3 |
p |
|
– |
|
|
– |
|
|
– |
|
Average number of ADSs used in basic earnings per ADS (millions) |
|
|
728 |
|
|
831 |
|
|
862 |
|
|
862 |
|
|
852 |
|
Basic earnings (loss) per ADS |
|
|
£(3.24 |
) |
|
£(0.88 |
) |
|
£4.80 |
|
|
£1.02 |
|
|
£1.52 |
|
Diluted earnings (loss) per ADS |
|
|
£(3.24 |
) |
|
£(0.88 |
) |
|
£4.77 |
|
|
£1.02 |
|
|
£1.51 |
|
|
|
Total assets as at 31 March |
|
|
55,361 |
|
|
30,428 |
|
|
31,131 |
|
|
28,674 |
|
|
29,006 |
|
Ordinary shareholders’ equity (deficiency) as at 31 March |
|
|
10,231 |
|
|
(4,247 |
) |
|
(2,258 |
) |
|
(1,455 |
) |
|
(584 |
) |
|
|
|
