- Group turnover1 of £18.4 billion, 8% up on prior year
- Profit before taxation1 down 28% to £1.3 billion
- Net exceptional gains of £0.8 billion
- Net debt reduced from £27.9 billion to £13.7 billion
- Dividend resumed - final dividend of 2.0 pence per share
- Successful corporate restructuring programme
- New three-year strategic plan announced
1 from continuing activities before goodwill amortisation and exceptional items
Years ended 31 March
 |
 |
 |
 |
 |
 |
 |
 |
|
Continuing activities |
 |
|
 |
 |
| In £ million unless otherwise stated |
|
2002 |
|
2001 |
|
2000 |
|
 |
 |
 |
| Group turnover |
|
18,447 |
|
17,141 |
|
16,125 |
|
 |
| Exceptional operating costs |
|
2,696 |
|
7 |
|
64 |
|
 |
| Total operating profit (loss) |
|
(1,489 |
) |
2,456 |
|
3,143 |
|
 |
| Profit on sale of fixed asset investments |
|
169 |
|
534 |
|
- |
|
 |
| Profit on sale of group undertakings |
|
(148 |
) |
84 |
|
126 |
|
 |
| Profit on sale of property fixed assets |
|
1,089 |
|
34 |
|
26 |
|
 |
| Amounts written off investments |
|
(535 |
) |
- |
|
- |
|
 |
| Profit (loss) before taxation |
|
(2,493 |
) |
1,937 |
|
2,968 |
|
 |
| Profit (loss) after taxation |
|
(2,878 |
) |
1,505 |
|
2,104 |
|
 |
 |
 |
| Basic earnings (loss) per share |
|
(34.8 |
)p |
20.7 |
p |
29.2 |
p |
 |
| Dividends per share |
|
2.0 |
p |
7.8 |
p |
19.6 |
p |
 |
 |
 |
| Profit before goodwill amortisation, exceptional items and taxation |
|
1,273 |
|
1,763 |
|
2,973 |
|
 |
| Basic earnings per share before goodwill amortisation and exceptional items |
|
8.8 |
p |
19.3 |
p |
29.5 |
p |
 |
 |
 |
| Net cash flow from operating activities |
|
5,023 |
|
5,410 |
|
5,609 |
|
 |
| Capital expenditure on property, plant and equipment |
|
3,100 |
|
3,857 |
|
3,160 |
|
 |
 |