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Financial headlines

  • 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.

Group Turnover
Net debt
capital expenditure

 

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