print page download pdf mail to a friend download centre help
  2003 2002
  £m £m
Turnover 935.3 806.3
Adjusted profit from operations(1) 18.7 38.1
PFI/PPP bid costs(2) (13.1) (8.9)
Exceptional items before tax(3) (64.5) (6.1)
(Loss)/profit before tax (61.6) 20.9
Net debt(4) (71.9) (57.2)
Dividend per share 3.0p 11.3p

(1) Before Metronet bid costs, amortisation of pension surplus and goodwill, exceptional items and Employee Benefit Trusts. 2002 figures have been adjusted to be comparable.
(2) Includes £8.4m (2002: £3.8m) Metronet bid costs.
(3) Includes cost reduction programme and other reorganisation and restructuring charges, impairment of assets and write down in carrying value of own shares held in Employee Benefit Trusts.
(4) Net debt excludes cash held by the Employee Benefit Trusts and cash held on behalf of sub-contractors.

> next page

zoom
case study

zoom
case study
  1   |   2   |   3
Click here to download a printable version of the Annual Report 2003