 |
| |
6 months to 30 September 2003
(unaudited) |
|
6 months to 30 September 2002
(unaudited) |
|
12 months to 31 March 2003
(audited) |
 |
 |
|
|
|
|
| |
Revenue
£m
|
Capital
£m
|
Total
£m
|
|
Revenue
£m |
Capital
£m |
Total
£m |
|
Revenue
£m |
Capital
£m |
Total
£m |
|
| Capital profits |
|
|
|
|
|
|
|
|
|
|
|
|
Realised profits
on disposal of investments |
|
129 |
129 |
|
|
118 |
118 |
|
|
184 |
184 |
|
Unrealised profits/(losses)
on revaluation of investments |
|
215 |
215 |
|
|
(701) |
(701) |
|
|
(1,165) |
(1,165) |
|
|
|
344 |
344 |
|
|
(583) |
(583) |
|
|
(981) |
(981) |
|
Total operating income
before interest payable |
130 |
– |
130 |
|
153 |
– |
153 |
|
298 |
10 |
308 |
|
| Interest payable |
(27) |
(23) |
(50) |
|
(52) |
(3) |
(55) |
|
(57) |
(53) |
(110) |
|
|
103 |
321 |
424 |
|
101 |
(586) |
(485) |
|
241 |
(1,024) |
(783) |
|
| Administrative expenses |
(30) |
(40) |
(70) |
|
(53) |
(23) |
(76) |
|
(64) |
(89) |
(153) |
|
Cost of changes to
organisational structure |
– |
– |
– |
|
– |
– |
– |
|
(5) |
(5) |
(10) |
|
Return before tax and
currency translation
adjustment |
73 |
281 |
354 |
|
48 |
(609) |
(561) |
|
172 |
(1,118) |
(946) |
|
| Tax |
(9) |
8 |
(1) |
|
(1) |
2 |
1 |
|
(32) |
35 |
3 |
|
Return for the period
before currency
translation adjustment |
64 |
289 |
353 |
|
47 |
(607) |
(560) |
|
140 |
(1,083) |
(943) |
| |
Currency translation
adjustment |
12 |
(6) |
6 |
|
1 |
(11) |
(10) |
|
6 |
2 |
8 |
|
| Total return |
76 |
283 |
359 |
|
48 |
(618) |
(570) |
|
146 |
(1,081) |
(935) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Total return per share |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic (pence) |
12.4p |
46.3p |
58.7p |
|
7.8p |
(101.3)p |
(93.5)p |
|
23.9p |
(177.1)p |
(153.2)p |
|
| Diluted (pence) |
12.1p |
45.1p |
57.2p |
|
7.8p |
(101.0)p |
(93.2)p |
|
23.9p |
(176.9)p |
(153.0)p |
|
| |
