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    Summarised profit and loss account   

    2005     2004     2003  
   

 

 

 
      £m     £m a   £m a

 
Total turnover
    19,031     18,914     20,182  
Group’s share of associates’ and joint ventures’ turnover
    (408 )   (395 )   (1,455 )

 
Group turnover
    18,623     18,519     18,727  
Other operating income
    171     177     215  
Operating costs
    (16,005 )   (15,826 )   (16,366 )

 
Group operating profit (loss):
                   
Before goodwill amortisation and exceptional items
    2,864     2,889     2,794  
Goodwill amortisation
    (16 )   (12 )   (20 )
Exceptional items
    (59 )   (7 )   (198 )
      2,789     2,870     2,576  
Group’s share of operating profit (loss) of associates and joint ventures
    (25 )   (34 )   329  

 
Total operating profit (loss):
                   
Before goodwill amortisation and exceptional items
    2,864     2,881     2,975  
Goodwill amortisation
    (16 )   (12 )   (22 )
Exceptional items
    (84 )   (33 )   (48 )
      2,764     2,836     2,905  
Profit on sale of group undertakings and fixed asset investments
    358     36     1,696  
Profit on sale of property fixed assets
    22     14     11  
Net interest payable
    (801 )   (941 )   (1,439 )

 
Profit (loss) on ordinary activities before taxation:
                   
Before goodwill amortisation and exceptional items
    2,085     2,013     1,840  
Goodwill amortisation
    (16 )   (12 )   (22 )
Exceptional items
    274     (56 )   1,355  
      2,343     1,945     3,173  
                     
Tax
    (523 )   (539 )   (459 )

 
Profit after taxation
    1,820     1,406     2,714  
Minority interests
    1     8     (12 )

 
Profit for the financial year
    1,821     1,414     2,702  

 
Basic earnings (loss) per share:
                   
Before goodwill amortisation and exceptional items
    18.1 p   16.9 p   14.4 p
Goodwill amortisation
    (0.2 )p   (0.1 )p   (0.3 )p
Exceptional items
    3.5 p   (0.4 )p   17.3 p
      21.4 p   16.4 p   31.4 p

 
a
Restated following adoption of UITF17 and UITF38 (see note 1)
 


 

 
 

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