- Group
turnover1 of £18.7 billion, 2% up
on prior year
- Profit
before taxation1 up 44% to £1.8 billion
- Earnings
per share1 of 14.2 pence, up 61%
on prior year
- Net
exceptional gains of £1.5 billion
- Net
debt reduced from £13.7 billion to £9.6 billion
- Dividends
of 6.5 pence per share for the year
|
1from
continuing activities before goodwill amortisation and
exceptional items
| |
|
|
|
|
|
|
| Years
ended 31 March |
|
|
|
|
|
|
|
Continuing
activities
|
|
|
|
|
| In
£ million unless otherwise stated |
2003
|
|
2002
|
|
2001
|
|
|
|
| Group
turnover |
18,727
|
|
18,447
|
|
17,141
|
|
| Exceptional
operating costs |
48
|
|
3,990
|
|
303
|
|
| Total
operating profit (loss) |
2,901
|
|
(1,489
|
) |
2,456
|
|
| Profit
on sale of fixed asset investments |
1,700
|
|
169
|
|
534
|
|
| (Loss)
profit on sale of group undertakings |
(9
|
) |
(148
|
) |
84
|
|
| Profit
on sale of property fixed assets |
11
|
|
1,089
|
|
34
|
|
| Amounts
written off investments |
(7
|
) |
(535
|
) |
–
|
|
| Profit
(loss) before taxation |
3,157
|
|
(2,493
|
) |
1,937
|
|
| Profit
(loss) after taxation |
2,698
|
|
(2,878
|
) |
1,505
|
|
|
|
| Basic
earnings (loss) per share |
31.2
|
p |
(34.8
|
)p |
20.7
|
p |
| Dividends
per share |
6.5
|
p |
2.0
|
p |
7.8
|
p |
|
|
| Profit
before goodwill amortisation, exceptional items
and taxation |
1,829
|
|
1,273
|
|
1,763
|
|
| Basic
earnings per share before goodwill amortisation
and exceptional items |
14.2
|
p |
8.8
|
p |
19.3
|
p |
|
|
| Net
cash flow from operating activities |
6,023
|
|
5,023
|
|
5,410
|
|
| Capital
expenditure on property, plant and equipment |
2,445
|
|
3,100
|
|
3,857
|
|
|
|
The
financial information above is discussed in the Financial
review, together with the reasons for focusing on
the results from continuing activities before goodwill
amortisation and exceptional items.
The
Consolidated financial statements can be found by clicking
here.
|
