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 Home >> Quarterly analysis of turnover and profit

Quarterly analysis of turnover and profit

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Year ended 31 March 2003   Unaudited    
 
Quarters 1st 2nd 3rd 4th Total  
Continuing and total activities   £m £m £m £m £m  

Total turnover   4,998 5,094 5,124 4,966 20,182
Group’s share of associates’ and joint ventures’ turnover   (411 ) (433 ) (423 ) (188 ) (1,455 ) 

Group turnover   4,587 4,661 4,701 4,778 18,727
Other operating income   52 44 52 67 215

Group operating profit 562   726 555 729 2,572
Group’s share of operating profit of associates and joint ventures 49   66 197 17 329

Total operating profit 611   792 752 746 2,901
Profit (loss) on sale of fixed asset investments and group undertakings 70   (4 ) 99 1,526 1,691
Profit on sale of property fixed assets 3   3 1 4 11
Amounts written off investments   (7 ) (7 )
Net interest payable   (300 ) (295 ) (285 ) (559 ) (1,439 )

Profit on ordinary activities before taxation   384 489 567 1,717 3,157
Tax on profit on ordinary activities   (107 ) (165 ) (116 ) (71 ) (459 )

Profit on ordinary activities after taxation   277 324 451 1,646 2,698
Minority interests   (2 ) (9 ) (6 ) 5 (12 )

Profit for the financial period   275 315 445 1,651 2,686

Basic earnings per share   3.2 p 3.7 p 5.2 p 19.1 p 31.2 p
Diluted earnings per share   3.2 p 3.6 p 5.1 p 19.0 p 31.0 p

Profit before goodwill amortisation, exceptional items and taxation 322   496 521 490 1,829
Basic earnings per share before goodwill amortisation and  
  exceptional items 2.5 p 3.7 p 4.1 p 3.9 p 14.2 p
Diluted earnings per share before goodwill amortisation and  
  exceptional items 2.5 p 3.7 p 4.1 p 3.9 p 14.1 p



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Year ended 31 March 2002   Unaudited    
 
Quarters 1st 2nd 3rd 4th Total  
Continuing activities   £m £m £m £m £m  

Total turnover   5,434 5,487 5,383 5,511 21,815  
Group’s share of associates’ and joint ventures’ turnover   (1,101 )  (1,087 ) (929 ) (932 ) (4,049 )
Trading between group and principal joint venture   165 157 203 156 681  

Group turnover   4,498 4,557 4,657 4,735 18,447  
Other operating income   93 74 91 103 361  

Group operating profit (loss) 650 534 693 (1,923 ) (46 )
Group’s share of operating loss of associates and joint ventures  (70 ) (816 ) (174 ) (383 ) (1,443 )

Total operating profit (loss) 580   (282 ) 519 (2,306 ) (1,489 )
Profit (loss) on sale of fixed asset investments and group undertakings 127   2 (165 ) 57 21  
Profit on sale of property fixed assets 5   7 1,072 5 1,089  
Amounts written off investments   (535 ) (535 )
Net interest payable   (446 ) (352 ) (480 ) (301 ) (1,579 )

Profit (loss) on ordinary activities before taxation   266 (1,160 ) 946 (2,545 ) (2,493 )
Tax on profit (loss) on ordinary activities   (102 ) (117 ) (124 ) (42 ) (385 )

Profit (loss) on ordinary activities after taxation   164 (1,277 ) 822 (2,587 ) (2,878 )
Minority interests   (1 ) (9 ) (10 )

Profit (loss) for the financial period   164 (1,278 ) 822 (2,596 ) (2,888 )

Basic earnings (loss) per share   2.2 p (15.0 )p 9.6 p (30.2 )p (34.8 )p
Diluted earnings (loss) per share   2.2 p (15.0 )p 9.5 p (30.2 )p (34.8 )p

Profit before goodwill amortisation, exceptional items and taxation 200   321 381 371 1,273  
Basic earnings per share before goodwill amortisation and    
  exceptional items 1.3 p 2.4 p 2.6 p 2.6 p 8.8 p
Diluted earnings per share before goodwill amortisation and    
  exceptional items 1.2 p 2.4 p 2.6 p 2.6 p 8.8 p

                       
                       
Year ended 31 March 2002   Unaudited    
 
Quarters 1st 2nd 3rd 4th Total  
Total Group   £m £m £m £m £m  

Total turnover   7,054 6,261 5,816 5,511 24,642  
Group’s share of associates’ and joint ventures’ turnover   (1,765 ) (1,114 ) (953 ) (932 ) (4,764 )
Trading between group and principal joint venture   165 157 203 156 681  

Group turnover   5,454 5,304 5,066 4,735 20,559  
Other operating income   96 72 91 103 362  

Group operating profit (loss) 500   344 600 (1,923 ) (479 )
Group’s share of operating loss of associates and joint ventures  (10 ) (814 ) (174 ) (383 ) (1,381 )

Total operating profit (loss) 490   (470 ) 426 (2,306 ) (1,860 )
Profit on sale of fixed assets investments and group undertakings 4,484   11 (163 ) 57 4,389  
Profit on sale of property fixed assets 5   7 1,072 5 1,089  
Amounts written off investments     (535 ) (535 )
Net interest payable   (474 ) (362 ) (485 ) (301 ) (1,622 )

Profit (loss) on ordinary activities before taxation   4,505 (1,349 ) 850 (2,545 ) 1,461  
Tax on profit (loss) on ordinary activities   (145 ) (127 ) (129 ) (42 ) (443 )

Profit (loss) on ordinary activities after taxation   4,360 (1,476 ) 721 (2,587 ) 1,018  
Minority interests   (13 ) (1 ) (9 ) (23 )

Profit (loss) for the financial period   4,347 (1,477 ) 721 (2,596 ) 995  

Basic earnings (loss) per share   57.9 p (17.3 )p 8.4 p (30.2 )p 12.0 p
Diluted earnings (loss) per share   57.4 p (17.3 )p 8.3 p (30.2 )p 11.9 p

Profit before goodwill amortisation, exceptional items and taxation 186   219 337 371 1,113  
Basic earnings per share before goodwill amortisation and    
  exceptional items 0.3 p 1.1 p 1.9 p 2.6 p 6.1 p
Diluted earnings per share before goodwill amortisation and    
  exceptional items 0.3 p 1.1 p 1.8 p 2.6 p 6.0 p

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