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 Home >> Five-year financial summary

Five-year financial summary

Profit and loss account spacer   spacer   spacer   spacer   spacer  
1999 2000 2001 2002 2003  
Years ended 31 March £m £m £m £m £m   











Total turnover:  
      Continuing activities 16,186   18,228   21,068   21,815   20,182  
      Discontinued activities 2,037   3,675   8,598   2,827    
18,223 21,903 29,666 24,642 20,182  
Group’s share of associates’ and joint ventures’ turnover (1,270 ) (3,364 ) (9,937 ) (4,764 ) (1,455 )
Trading between group and principal joint venture 176 698 681  











Group turnover:  
      Continuing activities 15,197   16,125   17,141   18,447   18,727  
      Discontinued activities 1,756   2,590   3,286   2,112    
16,953 18,715 20,427 20,559 18,727  
   Other operating income 157 216 359 362 215  
   Operating costsab (13,305 ) (15,359 ) (20,759 ) (21,400 ) (16,370 )











Group operating profit (loss):  
      Before goodwill amortisation and exceptional items 3,874   3,772   3,257   2,580   2,790  
      Goodwill amortisation and exceptional items (69 ) (200 ) (3,230 ) (3,059 ) (218 )
3,805 3,572 27 (479 ) 2,572  
Group’s share of operating profit (loss) of associates and  
      joint venturesc (342 ) (400 ) (397 ) (1,381 ) 329  











Total operating profit (loss):  
      Continuing activities 3,230   3,143   2,456   (1,489 ) 2,901  
      Discontinued activities 233   29   (2,826 ) (371 )  
3,463 3,172 (370 ) (1,860 ) 2,901  
 
Profit on sale of fixed asset investments and group undertakingsd 1,107 126 619 4,389 1,691  
Profit on sale of property fixed assets 11 26 34 1,089 11  
Amounts written off investments (535 ) (7 )
Net interest payablee (286 ) (382 ) (1,314 ) (1,622 ) (1,439 )











Profit (loss) on ordinary activities before taxation:  
      Before goodwill amortisation and exceptional items 3,274   3,100   2,072   1,113   1,829  
      Goodwill amortisation and exceptional items 1,021   (158 ) (3,103 ) 348   1,328  
4,295 2,942 (1,031 ) 1,461 3,157  
Tax on profit (loss) on ordinary activities (1,323 ) (957 ) (712 ) (443 ) (459 )











Profit (loss) on ordinary activities after taxation 2,972 1,985 (1,743 ) 1,018 2,698  
Minority interests (19 ) 10 (127 ) (23 ) (12 )











Profit (loss) for the financial year 2,953 1,995 (1,870 ) 995 2,686  











Average number of shares used in basic earnings per share (millions) 7,183 7,235 7,276 8,307 8,616  
Basic earnings (loss) per share  41.1 p 27.6 p (25.7 )p 12.0 p 31.2 p
Diluted earnings (loss) per share  40.2 p 26.9 p (25.7 )p 11.9 p 31.0 p
Basic earnings (loss) per share from continuing activities  40.5 p 29.2 p 20.7 p (34.8 )p 31.2 p
Diluted earnings (loss) per share from continuing activities  39.5 p 28.5 p 20.4 p (34.8 )p 31.0 p
Dividends per share  18.3 p 19.6 p 7.8 p 2.0 p 6.5 p
Dividends per share, centsf  38.5 c 35.7 c 14.0 c 3.1 c 10.3 c











Basic earnings per share before goodwill amortisation and  
      exceptional items 30.7 p 29.8 p 17.5 p 6.1 p 14.2 p
Diluted earnings per share before goodwill amortisation and  
      exceptional items 30.0 p 29.1 p 17.3 p 6.0 p 14.1 p
Basic earnings per share before goodwill amortisation and  
      exceptional items on continuing activities 30.3 p 29.5 p 19.3 p 8.8 p 14.2 p











a Operating costs include net exceptional costs 69 111 2,857 2,707 198  
b Includes redundancy and early leaver costs 124 59 118 252 276  
c Group’s share of operating profit (loss) of associates and joint ventures  
   includes exceptional costs (release) 332 1,294 (150 )
d Including gain on MCI shares sold in 1999 1,133  
e Net interest payable includes exceptional costs (credits) (25 ) 162 293  
f Based on actual dividend paid and/or year end exchange rate on proposed dividends  


Cash flow statement spacer   spacer   spacer   spacer   spacer  
1999
 
2000
 
2001
 
2002
 
2003
 
Years ended 31 March
£m
 
£m
 
£m
 
£m
 
£m
 











Net cash flow from operating activities
6,035
 
5,849
 
5,887
 
5,257
 
6,023
 
Dividends from associates and joint ventures
2
 
5
 
10
 
2
 
6
 
Returns on investments and servicing of finance 
(328
)
(163
)
(727
)
(1,695
)
(1,506
)
Taxation paid 
(630
)
(1,311
)
(669
)
(562
)
(434
)
Capital expenditure and financial investment
1,046
 
(3,752
)
(8,442
)
(1,354
)
(2,381
)
Acquisitions and disposals
(1,967
)
(6,405
)
(13,754
)
5,785
 
2,842
 
Equity dividends paid
(1,186
)
(1,364
)
(1,432
)
 
(367
)











Cash inflow (outflow) before management of liquid resources and
 
 
 
 
 
   financing
2,972
 
(7,141
)
(19,127
)
7,433
 
4,183
 
Management of liquid resources
(2,447
)
1,236
 
(480
)
(1,864
)
(1,729
)
Financing
(458
)
5,959
 
19,735
 
(5,479
)
(2,473
)











Increase (decrease) in cash in the year
67
 
54
 
128
 
90
 
(19
)











Decrease (increase) in net debt in the year
3,146
 
(6,582
)
(18,942
)
13,930
 
4,225
 











 
 
 
 
 
 
Balance sheet
 
 
 
 
 
 
1999
2000
2001
2002
 
2003
 
At 31 March
£m
 
£m
 
£m
 
£m
 
£m
 











Intangible fixed assets
742
 
5,777
 
18,380
 
252
 
218
 
Tangible fixed assets
17,854
 
18,163
 
21,625
 
16,078
 
15,888
 
Fixed asset investments
1,832
 
5,878
 
5,204
 
1,221
 
555
 
Net current assets (liabilities)
(495
)
(7,115
)
(11,143
)
732
 
1,876
 











Total assets less current liabilities
19,933
 
22,703
 
34,066
 
18,283
 
18,537
 
Loans and other borrowings falling due after one year
(3,386
)
(5,354
)
(18,775
)
(16,245
)
(13,456
)
Provisions for liabilities and charges
(3,286
)
(3,011
)
(2,738
)
(2,324
)
(2,376
)
Minority interests
(216
)
(498
)
(499
)
(72
)
(63
)











Total assets less liabilities
13,045
 
13,840
 
12,054
 
(358
)
2,642
 











Called up share capital
7,438
 
7,485
 
7,573
 
434
 
434
 
Share premium account
 
 
 
2
 
2
 
Other reserves
(3,841
)
(3,345
)
(2,848
)
1,025
 
998
 
Profit and loss account
9,448
 
9,700
 
7,329
 
(1,819
)
1,208
 











Total equity shareholders’ funds (deficiency)
13,045
 
13,840
 
12,054
 
(358
)
2,642
 











Total assets
27,962
 
37,588
 
54,799
 
27,673
 
28,217
 











 
 
 
 
 
 
US GAAP
 
 
 
 
 
1999
 
2000
 
2001
 
2002
 
2003
 
Years ended 31 March
£m
 
£m
 
£m
 
£m
 
£m
 











Group operating profit (loss)
3,356
 
2,990
 
(633
)
(337
)
2,693
 
Income (loss) before taxes
3,745
 
2,096
 
(1,959
)
1,025
 
3,653
 
Net income (loss):
 
 
 
 
 
   Continuing activities
2,562
 
1,559
 
809
 
(1,680
)
4,134
 
   Discontinued activities
27
 
(166
)
(3,166
)
948
 
 
2,589
 
1,393
 
(2,357
)
(732
)
4,134
 











Average number of ADSs used in basic earnings per ADS (millions)
718
 
724
 
728
 
831
 
862
 
Basic earnings (loss) per ordinary share 
36.0
p
19.3
p
(32.4
)p
(8.8
)p
48.0
p
Diluted earnings (loss) per ordinary share 
35.2
p
18.8
p
(32.4
)p
(8.8
)p
47.7
p
Basic earnings (loss) per ordinary share from continuing activities 
35.7
p
21.5
p
11.1
p
(20.2
)p
48.0
p
Diluted earnings (loss) per ordinary share from continuing activities 
34.9
p
21.1
p
11.0
p
(20.2
)p
47.7
p
Basic earnings (loss) per ordinary share from discontinued activities
0.3
p
(2.2
)p
(43.5
)p
11.4
p
 
Diluted earnings (loss) per ordinary share from discontinued activities
0.3
p
(2.3
)p
(43.5
)p
11.3
p
 
Basic earnings (loss) per ADS
£3.60
 
£1.93
 
£(3.24
)
£(0.88
)
£4.80
 
Diluted earnings (loss) per ADS
£3.52
 
£1.88
 
£(3.24
)
£(0.88
)
£4.77
 











Total assets as at 31 March
29,323
 
38,481
 
55,361
 
30,428
 
31,131
 
Ordinary shareholders’ equity (deficiency) as at 31 March
13,674
 
13,634
 
10,231
 
(4,247
)
(2,258
)











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