For the year ended 31 December 2004 |
||||||||
| Year ended 31 December 2004 | Year ended 31 December 2003 | |||||||
| Note | Excluding exceptional items £m |
Exceptional items £m |
Including exceptional items £m |
Excluding exceptional items £m |
Exceptional items | Including exceptional items £m |
||
|---|---|---|---|---|---|---|---|---|
| Turnover: Group and share of joint ventures and associates | 1 | 1,267 | – | 1,267 | 1,273 | – | 1,273 | |
| Less: share of joint ventures' turnover | (144) | – | (144) | (136) | – | (136) | ||
| Less: share of associates' turnover | (355) | – | (355) | (285) | – | (285) | ||
| Group turnover | 1 | 768 | – | 768 | 852 | – | 852 | |
| From continuing operations | 711 | – | 711 | 852 | – | 852 | ||
| From acquisitions | 57 | – | 57 | – | – | – | ||
| Net operating costs | 2/8 | (658) | 11 | (647) | (727) | (404) | (1,131) | |
| Operating profit/(loss) | 2 | 110 | 11 | 121 | 125 | (404) | (279) | |
| From continuing operations | 94 | 11 | 105 | 125 | (404) | (279) | ||
| From acquisitions | 16 | – | 16 | – | – | – | ||
| Share of operating profit of: | ||||||||
| Joint ventures | 39 | – | 39 | 32 | – | 32 | ||
| Associates | 8 | 138 | – | 138 | 95 | 35 | 130 | |
| Income from investments | – | – | – | 33 | – | 33 | ||
| Operating profit/(loss) and investment income | 1/8 | 287 | 11 | 298 | 285 | (369) | (84) | |
| Non-operating exceptional items: | 8 | |||||||
| Profit on sale of fixed asset investments | – | 4 | 4 | – | 27 | 27 | ||
| Profit/(loss) on ordinary activities before interest and taxation | 1 | 287 | 15 | 302 | 285 | (342) | (57) | |
| Interest receivable and similar income | 4 | 30 | – | 30 | 42 | – | 42 | |
| Interest payable and similar charges | 5/8 | (107) | (31) | (138) | (121) | (16) | (137) | |
| Share of net interest of joint ventures and associates | 5 | (46) | – | (46) | (32) | – | (32) | |
| Net interest | (123) | (31) | (154) | (111) | (16) | (127) | ||
| Profit/(loss) on ordinary activities before taxation | 3 | 164 | (16) | 148 | 174 | (358) | (184) | |
| Tax (charge)/credit on profit/(loss) on ordinary activities | 8/9 | (45) | – | (45) | (54) | 26 | (28) | |
| Profit/(loss) on ordinary activities after taxation | 119 | (16) | 103 | 120 | (332) | (212) | ||
| Minority interests – equity | (11) | 2 | (9) | (7) | – | (7) | ||
| Profit/(loss) for the financial year | 108 | (14) | 94 | 113 | (332) | (219) | ||
| Dividends | 10 | (37) | – | (37) | – | – | – | |
| Retained profit/(loss) | 71 | (14) | 57 | 113 | (332) | (219) | ||
| Earnings/(loss) per share: | 12 | |||||||
| Basic | 8.3p | 7.2p | 9.1p | (17.6)p | ||||
| Diluted | 8.2p | 7.1p | 9.0p | (17.6)p | ||||
