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 Home >> Five-year financial summary

Five-year financial summary
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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  


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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