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   Five-year financial summary

Profit and loss account
   
  2000   2001   2002   2003   2004  
Years ended 31 March
£m   £m   £m   £m   £m   










 
Total turnover:                    
      Continuing activities 18,228   21,068   21,815   20,182   18,914  
      Discontinued activities 3,675   8,598   2,827      
  21,903   29,666   24,642   20,182   18,914  
Group’s share of associates’ and joint ventures’ turnover (3,364 ) (9,937 ) (4,764 ) (1,455 ) (395 )
Trading between group and principal joint venture 176   698   681      










 
Group turnover:                    
      Continuing activities 16,125   17,141   18,447   18,727   18,519  
      Discontinued activities 2,590   3,286   2,112      
  18,715   20,427   20,559   18,727   18,519  
Other operating income 216   359   362   215   177  
Operating costsab (15,359 ) (20,759 ) (21,400 ) (16,370 ) (15,823 )










 
Group operating profit (loss):                    
      Before goodwill amortisation and
     exceptional items
3,772   3,257   2,580   2,790   2,892  
      Goodwill amortisation and exceptional items (200 ) (3,230 ) (3,059 ) (218 ) (19 )
  3,572   27   (479 ) 2,572   2,873  
Group’s share of operating profit (loss) of associates and  joint venturesc                    
(400 ) (397 ) (1,381 ) 329   (34 )










 
Total operating profit (loss):                    
      Continuing activities 3,143   2,456   (1,489 ) 2,901   2,839  
      Discontinued activities 29   (2,826 ) (371 )    
  3,172   (370 ) (1,860 ) 2,901   2,839  
                     
Profit on sale of fixed asset investments and group undertakings 126   619   4,389   1,691   36  
Profit on sale of property fixed assets 26   34   1,089   11   14  
Amounts written off investments     (535 ) (7 )  
Net interest payabled (382 ) (1,314 ) (1,622 ) (1,439 ) (941 )










 
Profit (loss) on ordinary activities before taxation:                    
      Before goodwill amortisation and
     exceptional items
3,100   2,072   1,113   1,829   2,016  
      Goodwill amortisation and exceptional items (158 ) (3,103 ) 348   1,328   (68 )
  2,942   (1,031 ) 1,461   3,157   1,948  
Tax on profit (loss) on ordinary activitiese (957 ) (712 ) (443 ) (459 ) (539 )










 
Profit (loss) on ordinary activities after taxation 1,985   (1,743 ) 1,018   2,698   1,409  
Minority interests 10   (127 ) (23 ) (12 ) 8  










 
Profit (loss) for the financial year 1,995   (1,870 ) 995   2,686   1,417  










 
Average number of shares used in basic earnings per share (millions) 7,235   7,276   8,307   8,616   8,621  
Basic earnings (loss) per share 27.6 p (25.7 )p 12.0 p 31.2 p 16.4 p
Diluted earnings (loss) per share 26.9 p (25.7 )p 11.9 p 31.0 p 16.3 p
Basic earnings (loss) per share from continuing activities 29.2 p 20.7 p (34.8 )p 31.2 p 16.4 p
Diluted earnings (loss) per share from continuing activities 28.5 p 20.4 p (34.8 )p 31.0 p 16.3 p
Dividends per share 19.6 p 7.8 p 2.0 p 6.5 p 8.5 p
Dividends per share, centsf 35.7 c 14.0 c 3.1 c 10.3 c 15.6 c










 
Basic earnings per share before goodwill amortisation and exceptional items                    
29.8 p 17.5 p 6.1 p 14.2 p 16.9 p
Diluted earnings per share before goodwill amortisation and exceptional items                    
29.1 p 17.3 p 6.0 p 14.1 p 16.8 p
Basic earnings per share before goodwill amortisation and exceptional items on continuing activities                    
29.5 p 19.3 p 8.8 p 14.2 p 16.9 p










 
a Operating costs include net exceptional costs 111   2,857   2,707   198   7  
b Includes redundancy and early leaver costs 59   118   252   276   202  
c Group’s share of operating profit (loss) of associates and joint ventures  includes exceptional costs (release)      332    1,294    (150 )   26  
d Net interest payable includes exceptional costs (credits)   (25 ) 162   293   55  
e Includes exceptional tax charge (credit) 5   22   (143 ) (139 ) (29 )
f Based on actual dividends paid and/or year end exchange rate on proposed dividends                    
                     

Cash flow statement

  2000   2001   2002   2003   2004  
Years ended 31 March
£m £m £m £m £m










Net cash flow from operating activities 5,849   5,887   5,257   6,023   5,389  
Dividends from associates and joint ventures 5   10   2   6   3  
Returns on investments and servicing of finance (163 ) (727 ) (1,695 ) (1,506 ) (527 )
Taxation paid (1,311 ) (669 ) (562 ) (434 ) (317 )
Capital expenditure and financial investment (3,752 ) (8,442 ) (1,354 ) (2,381 ) (2,477 )
Acquisitions and disposals (6,405 ) (13,754 ) 5,785   2,842   (60 )
Equity dividends paid (1,364 ) (1,432 )   (367 ) (645 )










Cash (outflow) inflow before management of liquid resources and financing                    
(7,141 ) (19,127 ) 7,433   4,183   1,366  
Management of liquid resources 1,236   (480 ) (1,864 ) (1,729 ) 1,123  
Financing 5,959   19,735   (5,479 ) (2,473 ) (2,445 )










Increase (decrease) in cash in the year 54   128   90   (19 ) 44  










 
(Increase) decrease in net debt in the year (6,582 ) (18,942 ) 13,930   4,225   1,222  










Balance sheet                    
  2000   2001   2002   2003   2004  
At 31 March
£m £m £m £m £m  










Intangible fixed assets 5,777   18,380   252   218   204  
Tangible fixed assets 18,163   21,625   16,078   15,888   15,487  
Fixed asset investments 5,878   5,204   1,221   555   377  
Net current assets (liabilities) (7,115 ) (11,143 ) 732   1,876   2,002  










Total assets less current liabilities 22,703   34,066   18,283   18,537   18,070  
Loans and other borrowings falling due after one year (5,354 ) (18,775 ) (16,245 ) (13,456 ) (12,426 )
Provisions for liabilities and charges (3,011 ) (2,738 ) (2,324 ) (2,376 ) (2,504 )
Minority interests (498 ) (499 ) (72 ) (63 ) (46 )










Total assets less liabilities 13,840   12,054   (358 ) 2,642   3,094  










 
Called up share capital 7,485   7,573   434   434   432  
Share premium account     2   2   2  
Capital redemption reserve         2  
Other reserves (3,345 ) (2,848 ) 1,025   998   998  
Profit and loss account 9,700   7,329   (1,819 ) 1,208   1,660  










Total equity shareholders’ funds (deficiency) 13,840   12,054   (358 ) 2,642   3,094  










 
Total assets 37,588   54,799   27,673   28,217   26,618  










 
US GAAP                    
  2000   2001   2002   2003   2004  
Years ended 31 March
£m   £m   £m   £m   £m  










Group operating profit (loss) 2,990   (633 ) (337 ) 2,693   2,420  
Income (loss) before taxes 2,096   (1,959 ) 1,025   3,653   1,188  
Net income (loss):                    
     Continuing activities 1,559   809   (1,680 ) 4,134   883  
     Discontinued activities (166 ) (3,166 ) 948      
  1,393   (2,357 ) (732 ) 4,134   883  










Average number of ADSs used in basic earnings per ADS (millions) 724   728   831   862   862  
Basic earnings (loss) per ordinary share 19.3 p (32.4 )p (8.8 )p 48.0 p 10.2 p
Diluted earnings (loss) per ordinary share 18.8 p (32.4 )p (8.8 )p 47.7 p 10.2 p
Basic earnings (loss) per ordinary share from continuing activities 21.5 p 11.1 p (20.2 )p 48.0 p 10.2 p
Diluted earnings (loss) per ordinary share from continuing activities 21.1 p 11.0 p (20.2 )p 47.7 p 10.2 p
Basic (loss) earnings per ordinary share from discontinued activities (2.2 )p (43.5 )p 11.4 p    
Diluted (loss) earnings per ordinary share from discontinued activities (2.3 )p (43.5 )p 11.3 p    
Basic earnings (loss) per ADS £1.93   £(3.24 £(0.88 £4.80   £1.02  
Diluted earnings (loss) per ADS £1.88   £(3.24 ) £(0.88 £4.77   £1.02  










Total assets as at 31 March 38,481   55,361   30,428   31,131   28,674  
Ordinary shareholders’ equity (deficiency) as at
31 March
13,634   10,231   (4,247 ) (2,258 ) (1,455 )










 

 

 

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