|
Years ended 31 March |
|
|
2001
£m |
a |
|
2002
£m |
a |
|
2003
£m |
a |
|
2004
£m |
a |
|
2005
£m |
|
|
|
Total turnover: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
21,068 |
|
|
21,815 |
|
|
20,182 |
|
|
18,914 |
|
|
19,031 |
|
Discontinued activities |
|
|
8,598 |
|
|
2,827 |
|
|
– |
|
|
– |
|
|
– |
|
| |
|
|
29,666 |
|
|
24,642 |
|
|
20,182 |
|
|
18,914 |
|
|
19,031 |
|
Group’s share of associates’ and joint ventures’ turnover |
|
|
(9,937 |
) |
|
(4,764 |
) |
|
(1,455 |
) |
|
(395 |
) |
|
(408 |
) |
Trading between group and principal joint venture |
|
|
698 |
|
|
681 |
|
|
– |
|
|
– |
|
|
– |
|
|
|
Group turnover: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
17,141 |
|
|
18,447 |
|
|
18,727 |
|
|
18,519 |
|
|
18,623 |
|
Discontinued activities |
|
|
3,286 |
|
|
2,112 |
|
|
– |
|
|
– |
|
|
– |
|
| |
|
|
20,427 |
|
|
20,559 |
|
|
18,727 |
|
|
18,519 |
|
|
18,623 |
|
Other operating income |
|
|
359 |
|
|
362 |
|
|
215 |
|
|
177 |
|
|
171 |
|
Operating costsbc |
|
|
(20,764 |
) |
|
(21,387 |
) |
|
(16,366 |
) |
|
(15,826 |
) |
|
(16,005 |
) |
|
|
Group operating profit (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Before goodwill amortisation and exceptional items |
|
|
3,252 |
|
|
2,593 |
|
|
2,794 |
|
|
2,889 |
|
|
2,864 |
|
Goodwill amortisation and exceptional items |
|
|
(3,230 |
) |
|
(3,059 |
) |
|
(218 |
) |
|
(19 |
) |
|
(75 |
) |
| |
|
|
22 |
|
|
(466 |
) |
|
2,576 |
|
|
2,870 |
|
|
2,789 |
|
|
Group’s
share of operating profit (loss) of associates and joint venturesd |
|
|
(397 |
) |
|
(1,381 |
) |
|
329 |
|
|
(34 |
) |
|
(25 |
) |
|
|
Total operating profit (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing activities |
|
|
2,451 |
|
|
(1,476 |
) |
|
2,905 |
|
|
2,836 |
|
|
2,764 |
|
Discontinued activities |
|
|
(2,826 |
) |
|
(371 |
) |
|
– |
|
|
– |
|
|
– |
|
| |
|
|
(375 |
) |
|
(1,847 |
) |
|
2,905 |
|
|
2,836 |
|
|
2,764 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit on sale of fixed asset investments and group undertakings |
|
|
619 |
|
|
4,389 |
|
|
1,696 |
|
|
36 |
|
|
358 |
|
Profit on sale of property fixed assets |
|
|
34 |
|
|
1,089 |
|
|
11 |
|
|
14 |
|
|
22 |
|
Amounts written off investments |
|
|
– |
|
|
(535 |
) |
|
– |
|
|
– |
|
|
– |
|
Net interest payablee |
|
|
(1,314 |
) |
|
(1,622 |
) |
|
(1,439 |
) |
|
(941 |
) |
|
(801 |
) |
|
|
Profit (loss) on ordinary activities before taxation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Before goodwill amortisation and exceptional items |
|
|
2,067 |
|
|
1,126 |
|
|
1,840 |
|
|
2,013 |
|
|
2,085 |
|
Goodwill amortisation and exceptional items |
|
|
(3,103 |
) |
|
348 |
|
|
1,333 |
|
|
(68 |
) |
|
258 |
|
| |
|
|
(1,036 |
) |
|
1,474 |
|
|
3,173 |
|
|
1,945 |
|
|
2,343 |
|
Tax on profit (loss) on ordinary activitiesf |
|
|
(712 |
) |
|
(443 |
) |
|
(459 |
) |
|
(539 |
) |
|
(523 |
) |
|
|
Profit (loss) on ordinary activities after taxation |
|
|
(1,748 |
) |
|
1,031 |
|
|
2,714 |
|
|
1,406 |
|
|
1,820 |
|
Minority interests |
|
|
(127 |
) |
|
(23 |
) |
|
(12 |
) |
|
8 |
|
|
1 |
|
|
|
Profit (loss) for the financial year |
|
|
(1,875 |
) |
|
1,008 |
|
|
2,702 |
|
|
1,414 |
|
|
1,821 |
|
|
|
Average number of shares used in basic earnings per share (millions) |
|
|
7,276 |
|
|
8,307 |
|
|
8,616 |
|
|
8,621 |
|
|
8,524 |
|
Basic earnings (loss) per share |
|
|
(25.8 |
)p |
|
12.1 |
p |
|
31.4 |
p |
|
16.4 |
p |
|
21.4 |
p |
Diluted earnings (loss) per share |
|
|
(25.8 |
)p |
|
12.0 |
p |
|
31.2 |
p |
|
16.3 |
p |
|
21.2 |
p |
Basic earnings (loss) per share from continuing activities |
|
|
20.6 |
p |
|
(34.6 |
)p |
|
31.4 |
p |
|
16.4 |
p |
|
21.4 |
p |
Diluted earnings (loss) per share from continuing activities |
|
|
20.3 |
p |
|
(34.6 |
)p |
|
31.2 |
p |
|
16.3 |
p |
|
21.2 |
p |
Dividends per share |
|
|
7.8 |
p |
|
2.0 |
p |
|
6.5 |
p |
|
8.5 |
p |
|
10.4 |
p |
Dividends per share, centsg |
|
|
14.0 |
c |
|
3.1 |
c |
|
10.3 |
c |
|
15.3 |
c |
|
19.5 |
c |
|
|
Basic earnings per share before goodwill amortisation and
exceptional items |
|
|
17.5 |
p |
|
6.2 |
p |
|
14.4 |
p |
|
16.9 |
p |
|
18.1 |
p |
Diluted earnings per share before goodwill amortisation and
exceptional items |
|
|
17.2 |
p |
|
6.2 |
p |
|
14.3 |
p |
|
16.8 |
p |
|
18.0 |
p |
Basic earnings per share before goodwill amortisation and
exceptional items on continuing activities |
|
|
19.2 |
p |
|
9.0 |
p |
|
14.4 |
p |
|
16.9 |
p |
|
18.1 |
p |
|
|
aRestated
following adoption of UITF17 and UITF38 (see note 1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
bOperating
costs include net exceptional costs |
|
|
2,857 |
|
|
2,707 |
|
|
198 |
|
|
7 |
|
|
59 |
|
cIncludes
redundancy and early leaver costs |
|
|
118 |
|
|
252 |
|
|
276 |
|
|
202 |
|
|
166 |
|
dGroup’s
share of operating profit (loss) of associates and joint
ventures includes exceptional costs (release) |
|
|
332 |
|
|
1,294 |
|
|
(150 |
) |
|
26 |
|
|
25 |
|
eNet
interest payable includes exceptional costs (credits) |
|
|
(25 |
) |
|
162 |
|
|
293 |
|
|
55 |
|
|
– |
|
fIncludes
exceptional tax charge (credit) |
|
|
22 |
|
|
(143 |
) |
|
(139 |
) |
|
(29 |
) |
|
(16 |
) |
gBased
on actual dividends paid and/or year end exchange rate on
proposed dividends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended 31 March |
|
|
2001
£m |
|
|
2002
£m |
|
|
2003
£m |
|
|
2004
£m |
|
|
2005
£m |
|
|
|
Net cash flow from operating activities |
|
|
5,887 |
|
|
5,257 |
|
|
6,023 |
|
|
5,389 |
|
|
5,898 |
|
Dividends from associates and joint ventures |
|
|
10 |
|
|
2 |
|
|
6 |
|
|
3 |
|
|
2 |
|
Returns on investments and servicing of finance |
|
|
(727 |
) |
|
(1,695 |
) |
|
(1,506 |
) |
|
(527 |
) |
|
(878 |
) |
Taxation paid |
|
|
(669 |
) |
|
(562 |
) |
|
(434 |
) |
|
(317 |
) |
|
(332 |
) |
Capital expenditure and financial investment |
|
|
(8,442 |
) |
|
(1,354 |
) |
|
(2,381 |
) |
|
(2,477 |
) |
|
(2,408 |
) |
Acquisitions and disposals |
|
|
(13,754 |
) |
|
5,785 |
|
|
2,842 |
|
|
(60 |
) |
|
(418 |
) |
Equity dividends paid |
|
|
(1,432 |
) |
|
– |
|
|
(367 |
) |
|
(645 |
) |
|
(784 |
) |
|
|
Cash (outflow) inflow before management of liquid resources and financing |
|
|
(19,127 |
) |
|
7,433 |
|
|
4,183 |
|
|
1,366 |
|
|
1,080 |
|
Management of liquid resources |
|
|
(480 |
) |
|
(1,864 |
) |
|
(1,729 |
) |
|
1,123 |
|
|
587 |
|
Financing |
|
|
19,735 |
|
|
(5,479 |
) |
|
(2,473 |
) |
|
(2,445 |
) |
|
(1,485 |
) |
|
|
Increase (decrease) in cash in the year |
|
|
128 |
|
|
90 |
|
|
(19 |
) |
|
44 |
|
|
182 |
| |
